Stocks and Securities

A gift of publicly traded securities is one of the most tax-effective ways to support King's University, either now or through your will.

Donating shares, bonds, bills, warrants, futures, or units of mutual funds listed on a prescribed public stock exchange directly to King's may eliminate the tax on associated capital gains. If you choose to sell appreciated securities during your lifetime or if these assets are liquidated through your estate, tax must be paid on 50% of the capital gains. Note that the 2024 Federal Budget increased the capital gains inclusion rate for gains realized after June 25, 2024, from 50% to 66.67% on capital gains exceeding $250,000. The capital gains tax advantage also applies to donations of publicly traded shares acquired through employee stock options, if the shares are donated within 30 days of exercising the stock options.

Tax-effective Benefits

• King’s will issue a donation receipt for the fair market value of your gift of securities, based on the closing price of the securities on the date they are received into King’s brokerage account.
• By donating securities directly to King’s, your taxable capital gain is eliminated.
• If your donation exceeds the tax credit limit for the year, the excess credit can be carried forward for up to five years.
• If you leave securities to King’s in your will, your estate will receive the same tax benefits. Gifts made through your will can be claimed against up to 100% of your net annual income in the year of death and the year prior.

Please see the gifts of securities authorization form for how to donate your stocks and securities.