When you make a gift of securities to Magellan Community Foundation your impact is immediate. By donating publicly traded securities, you eliminate the capital gains tax that you’d have to pay if you sold the securities and then donated the proceeds. You’ll also receive a charitable tax receipt for your donation.
Securities can include stocks, mutual funds, segregated funds, bonds, flow-through shares, and employee stock options. You can give now, or as part of your estate and will planning. Giving is simple. Consult your financial advisor to decide which investments make the most financial and philanthropic impact. Then ask your broker to transfer your securities to the Magellan Community Foundation by completing the appropriate transfer form. And finally, get in touch and let us know you have made your gift so that we can show our appreciation.