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Gifts of Stock

A gift of publicly traded securities (stock) is both simple and tax-effective. A gift of stock enables you to make a larger gift at a much lower cost, since you would receive greater tax benefit through a gift of securities than you would if you opted to sell the securities and donate the cash proceeds to OCAD U. With a gift of publically traded securities, you can eliminate capital gains tax and also realize immediate tax savings.  

Eligible Securities

Gifts eligible for this preferred tax treatment can include any of the following securities:
- Prescribed bonds
- Units of mutual funds
- Shares, warrants, bills and futures that are listed on the stock exchanges prescribed by Canada Revenue Agency

Benefits of Gifting Securities

- Eliminates the capital gains tax owing on the shares.
- Official tax receipt issued for the fair market value of the gift, based on the closing price of the shares on the day the gift is received.
- Choose how your gift is used, e.g., student aid, a particular academic program, or the area of greatest need.

Contact Us

If you would like further information donating securities, please contact Rose Anne McCants, Director, Development, at (416) 977-6000, Ext. 485

 

 

 

 

 

 

 

 

Last Modified:1/29/2013 2:08:04 PM


Ontario College of Art & Design 100 McCaul Street Toronto, Ontario M5T 1W1 Canada Tel. 416.977.6000 Fax. 416.977.6000 © OCAD 2007