Gifts of Stock and
Appreciated Securities
You can donate shares, bonds, bills, warrants, futures and/or
units in mutual funds traded in Canadian, American or major
international exchanges to UTS. You will receive a tax receipt
for the full appreciated value of your gift and you will not be
liable for any capital gains tax. The receipt value will be
based on the closing trading price on the day that your gift is
received by UTS and the cash value of the securities will be
used to support the Schools.
Employee Stock Options
If you acquire publicly traded securities through employee stock
options and donate these securities to UTS, you will qualify for
a reduced employment benefit, assuming you meet with certain
conditions. The shares must be donated in the same year and
within 30 days of the stock option being exercised.
For more information on gifts of stocks and securities, please
contact Martha Drake, Executive Director, Advancement, by email
at mdrake@utschools.ca
or by telephone at 416-946-0097.
This information is general in nature and does not
constitute legal or financial advice, and should not be relied
upon as a substitute for professional advice. We strongly
encourage you to seek professional legal, estate planning and/or
financial advice before deciding on your course of action.
