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Build a Legacy - Securities & Properties

Gift and Estate Planning

• Related Topics

• Making Gifts of Appreciated Securities
• Request Information
• Securities Transfer Forms
• Gift Confirmation Form
• 

Publicly listed Securities

Donating appreciated stocks, bonds and mutual fund units is the most tax-effective way to make an outright gift during your lifetime or as part of a legacy gift.

Click here for an illustration of the benefits of making a gift of appreciated securities.

Whether you donate cash or appreciated securities, you will receive a tax receipt that creates a tax credit. An extra tax incentive available for gifts of appreciated publicly listed securities makes stocks the least expensive way to give. Donors receive a tax credit for their gift and have the additional tax incentive of paying no capital gains tax. Click here for more information about securities transfers.

The donation of qualifying shares purchased through employee stock options would be treated in a similar manner as a gift of publicly listed securities. These donations are therefore eligible for reduced capital gains inclusion rates providing the shares are donated within 30 days after their acquisition and in the year they were acquired.

If you donate your appreciated securities to SickKids, you pay no tax on capital gains.

 

 

 

Making Gifts of Real Estate to SickKids Foundation

When you give your home or other real estate, you create a tangible and enduring testimonial of your commitment to SickKids.

A gift of real estate can be an attractive way to make a substantial commitment to SickKids Foundation and to realize important tax and income benefits at the same time.  It may also be used to fund other forms of gifts such as a charitable remainder trust or an endowment fund.

Prior to making a gift of real estate, you are required to provide a professional appraisal completed by a qualified third-party appraiser to determine the fair market value of the property.  Once the appraisal is complete, and the property legally transferred, a receipt for income tax purposes will be issued for the appraised value.

Your property can open the door to a unique giving opportunity.  Donate the property to SickKids Foundation, either now or whenever you no longer need it.  You can give the property outright, place it in trust, retain the use of it for life or gift it by will.  All of these methods will enable you to enjoy personal financial benefits while supporting our work.

Charitable Remainder Trusts (CRT)

Charitable remainder trusts (CRT) are powerful planning tools for people who want to arrange their legacy gift now, but retain use of the gifted asset for life, or earn interest income for life.

A CRT is a life income gift that enables you to give today and create immediate tax savings, yet retain the income from the donated asset. After a prescribed period of time or upon your death, the asset is transferred to one or more charities.

In essence, you irrevocably transfer a property (such as investments, real estate, work of art, etc.) into a trust to be managed by a trustee (a financial institution, yourself, a lawyer or other individuals) and name SickKids as the remainder beneficiary in trust, and reserve an interest in the property for life. The remainder interest in the property transfers to SickKids Foundation.

A trust document names the interest income beneficiary (you, you and your spouse, etc.) You receive a tax receipt based on the net present value of the remainder interest.

The result of this planned gift is that you can receive income or use of the property during life.

The immediate tax deduction available to you depends on the value of the property, your age, beneficiary and other beneficiaries, and the period of time that the income interest will exist.

The tax receipted value of your remainder trust may eliminate all income taxes in the year the gift was made as well as in the following five years. Our team will be pleased to discuss the many tax, estate and personal planning benefits of these trusts.

For more information, please contact: gift.planning@sickkidsfoundation.com or complete our online request form.