{"id":38120,"date":"2024-11-27T07:50:40","date_gmt":"2024-11-27T12:50:40","guid":{"rendered":"https:\/\/www.cccc.org\/news_blogs\/?p=38120"},"modified":"2024-11-27T07:54:14","modified_gmt":"2024-11-27T12:54:14","slug":"dont-miss-out-on-stock-donations-this-year-end-a-simple-way-to-maximize-giving","status":"publish","type":"post","link":"https:\/\/cccc.org\/news_blogs\/cccc\/2024\/11\/27\/dont-miss-out-on-stock-donations-this-year-end-a-simple-way-to-maximize-giving\/","title":{"rendered":"Don\u2019t Miss Out on Stock Donations This Year-End: A Simple Way to Maximize Giving!"},"content":{"rendered":"\n

As the year draws to a close, Canadian ministries are ramping up their fundraising tactics and communications, encouraging supporters to make meaningful contributions before Giving Tuesday on December 3 and the December 31 donation deadline.<\/p>\n\n\n\n

But do you remember to ask for stock donations in your year-end fundraising push?<\/p>\n\n\n\n

If not, you could be missing out on a significant source of funding that benefits both your charity and your donors, especially given the market performance of many investors this year! Thanks to the CCCC Community Trust Fund (CTF)<\/a><\/strong>, accepting stock or mutual fund donations has never been easier for ministries.<\/p>\n\n\n\n

Why Encourage Stock Donations?<\/h2>\n\n\n\n

Donating securities with capital gains, such as stocks, bonds, or mutual funds, directly to a charity offers benefits to donors that cash donations don\u2019t stack up to. It also demonstrates that, while you appreciate their generosity, you also understand the strategic financial landscape that sophisticated donors are in.<\/p>\n\n\n\n

1. Tax Efficiency:<\/strong> Investors enjoyed buoyant markets this year, leaving many with capital gains to sort out – a \u201cgood problem\u201d to have! Eligible donors receive a charitable tax receipt for the full market value of the securities at the time of donation, and more importantly, the capital gains tax is waived entirely, allowing donors to maximize the value of their gift.<\/p>\n\n\n\n

2. Preserve Cash:<\/strong> Donors can make impactful contributions without dipping into their cash reserves. This is particularly appealing during the holiday season when cash flow might be tight, and cash contributions to investment accounts have already been made.<\/p>\n\n\n\n

3. Simplified Giving:<\/strong> We know that our major donors rarely give just one large gift to an individual charity. With CTF, donors can manage multiple charitable gifts through a single transaction, minimizing paperwork and maximizing impact, making that donor\u2019s overall giving that much easier this year.<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

The CTF Advantage for Charities<\/h2>\n\n\n\n

Many charities lack the infrastructure or the staff capacity to process securities donations. Managing a brokerage account or navigating the complexities of securities transactions can be daunting, or in times of high volume, they can take away valuable time from finance teams. That\u2019s where the CTF steps in:<\/p>\n\n\n\n