Donation of Securities
Donations of Securities
Main Street Project can accept different types of publicly traded securities, including stocks, bonds, mutual fund units and shares, and Income Trust Units. Securities must be listed on designated stock exchanges (TSX, NYSE, London Stock Exchange).
To donate shares, please contact Anastasia Ziprick at 204-982-8228 or email her at firstname.lastname@example.org. Instructions are listed below.
Important Information About Donating Shares to Main Street Project Inc.
We recommend that you consult with your own financial advisor before initiating any type of donation. This will ensure that you receive professional advice that is tailored to your personal financial and tax situation. Please note that Main Street Project cannot initiate a transfer of shares. The request must be made through your broker.
A charitable tax receipt will be issued for the fair market value of the securities on the close of the day the transfer to MSP occurs. Our charitable registration number is: # 107655094
Donating stocks, bonds and shares can reduce the cost of your gift. When you donate stock to Main Street Project (transferred “whole”, not sold first with cash donated), you avoid paying tax on your capital gains, and Main Street Project benefits from realizing the full value in cash.
The gift costs you less than if you were to sell your stocks in order to give cash. If the securities are sold and the cash is then donated to Main Street Project, 50% of the capital gain is taxable.
How To Transfer A Gift Of Stock
- Complete the donation form with your broker, advisor or bank.
- Contact Anastasia Ziprick, Director of Development and let her know of your intent to make such a donation. Anastasia can be reached at 204-982-8228 or email at email@example.com
- Once the transfer is complete, the Main Street Project will send your official income tax receipt.