Donate Securities to the Calgary Food Bank Publicly traded securities can be donated directly to the Calgary Food Bank, without incurring a Capital Gain Tax. Recent changes to the Income Tax Act have removed the capital gains tax on donated shares.
Donations to a charity made via donating securities can provide a greater benefit to the donor than donating cash. If you wish to make a donation of publicly traded securities today, please contact the Calgary Food Bank at 403-319-0831 to request a Gift of Securities Transfer Form.
Here is an example outlining the benefit for a donor (assumes at personal tax rate of 39%)
Donate Stock as of May 2006
Sell Stock and then gift the after-tax proceeds
Market Value
$10,000
$10,000
Base Cost of Stock
$2,000
$2,000
Capital Gain Realized
$8,000
$8,000
Tax Payable of Gain
$0
$3,120
Net Gift to Calgary Food Bank
$10,000
$6,880
Tax credit to Donor
$3,900
$2,683
This secure page enables you to make an immediate online donation to continue help providing food for those in need.Your personal information is just that, yours. We do not share or sell your information, nor do we store your credit card information on our system. Every $1 donated to the Food Bank
allows us to distribute $4 worth of food.