When you make a gift of securities to the Sault Ste. Marie YMCA, you are investing in the health, well-being, and belonging of people across our community – children, families, seniors, and those who rely on the Y as a place of support, connection, and wellness.
By donating publicly listed securities directly to the YMCA, you significantly increase the impact of your gift. Under current Canada Revenue Agency (CRA) rules, eligible securities donated in kind are generally exempt from capital gains tax, and you may receive a charitable tax receipt for the full fair market value of your donation. This allows more of your generosity to go where it matters most – supporting programs and services that strengthen our community.
Securities may include eligible stocks, bonds, mutual funds, exchange-traded funds (ETFs), and other publicly listed investments. Gifts of securities can be made during your lifetime or as part of your estate and legacy planning.
We encourage all donors to consult their financial or tax advisor when considering a gift of securities.
Why Donors Choose to Give Securities
A gift of securities offers meaningful tax advantages while creating lasting community impact:
- Receive an official charitable tax receipt for the full fair market value of your gift
- Give more by reducing or eliminating capital gains tax on eligible securities donated in kind, in accordance with CRA rules
- Leave a lasting impact by strengthening health, wellness, inclusion, and belonging for generations through YMCA programs
An Illustrative Example
Scenario:
Ms. Jones donates securities with a fair market value of $10,000 and an original adjusted cost base (ACB) of $100. Her marginal tax rate is 45%. She is considering whether to sell the securities and donate cash, or donate the securities directly.
| Sell Securities and Donate Cash | Donate Securities in Kind |
Donation amount | $10,000 | $10,000 |
Adjusted cost base (ACB) | $100 | $100 |
Capital gain | $9,900 | $9,900 |
Tax on capital gain | $2,178 | $0* |
Donation tax credit | -$4,500 | -$4,500 |
Net tax benefit | -$2,322 | -$4,500 |
*Capital gains tax exemption applies only to eligible securities donated in kind, subject to CRA regulations.
This example is provided for illustrative purposes only. Actual tax outcomes depend on individual circumstances and current CRA legislation.
How to Make a Gift of Securities
If you are considering a gift of securities and would like to discuss your options, please reach out.
Step 1: Consult Your Financial Advisor
Discuss your personal financial and tax situation and determine which eligible securities you wish to donate.
Step 2: Complete the YMCA Gift of Securities Form
Download and complete the form below with the required transfer details and provide it to your broker or financial institution to initiate the transfer.
Download YMCA Gift of Securities Form
Step 3: Send us a Copy of the Completed Form
To help facilitate the transfer and ensure you receive your official charitable tax receipt, please email a copy of the completed form to:
Stan Maszczakiewicz, CPA, CISA
Manager, Finance
Sault Ste. Marie YMCA
Email: stan.maszczakiewicz@ssmymca.ca
Tel: 705-949-3133 ext. 231
Your generosity helps ensure the YMCA remains a place where everyone belongs!