Rather than donating cash, a good way to make a sizable donation to The Evangelical Fellowship of Canada (EFC) is to donate eligible securities, such as stocks, bonds or mutual funds.
When publicly listed securities are donated directly to a charity, there is no tax payable on the capital gain. Therefore, it is more tax efficient to transfer appreciated shares to a charity directly, rather than selling the shares and then donating the after-tax cash amount.
The donor receives a donation receipt for the full fair market value of the publicly listed securities, which is the closing price on the day they are transferred into the charity's brokerage account. The resulting tax credit can be used to offset taxes payable on the donor's net income in the year of the gift, with any excess credit carried forward for five years.
To make a gift of securities to the EFC, please print, fill out and send in this form.