marketable securities

Donate Marketable Securities to Red Deer Lake United Church

If you’re thinking about selling marketable securities to make a cash donation, you may have to pay capital gains tax on any increase in value—reducing the net amount available to donate. However, when you donate securities directly to a charity, no capital gains tax is payable. This means the full value of your donation goes to the charity, and you receive a tax receipt for the full amount.

We recommend using the United Church of Canada Foundation (UCCF) to make this process simple, safe, and efficient. UCCF is set up to receive marketable securities, sell them within one business day, and deposit the proceeds directly into RDLUC’s bank account. Their fee is 1.5% of the donation (up to $250), which is deducted from the donation. More information is provided here.

How to Donate Securities

Step 1: Contact Your Broker
Reach out to your broker or discount broker to request their donation authorization form (for electronic transfer of securities). If you are using a discount broker, you may need to speak with a supervisor for guidance. Complete and return the form.

Step 2: Notify UCCF
Download the Securities Transfer Form from the UCCF website and indicate that the proceeds should go to Red Deer Lake United Church. UCCF will provide a charitable donation receipt for income tax purposes.

Step 3: Notify Red Deer Lake United Church
Let us know about your donation so we can track the transfer and record it properly. Please contact:

• Mike Jackson, Treasurer, michaelsidneyjackson@gmail.com

• Michelle Den Hoed, Chair of Finance Team, mich.denhoed@shaw.cI