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BIG Gifts! Using CanadaHelps
    for Gifts of Securities

        September 29, 2010




             For audio, turn on y...
Reminders
      You can hear us, but we can’t hear you




Type questions in the Questions Log




            Presentatio...
CanadaHelps.org
What is CanadaHelps?
 A public charitable foundation that provides accessible and
 affordable online techn...
Today’s Presenter



Mike Henry
  Client Services Coordinator




                       For audio, turn on your speakers,...
Webinar Agenda
1. Tax Benefit Overview
2. Accepting & Processing Gifts of Securities
  •   Without CanadaHelps
  •   With ...
TAX BENEFIT OVERVIEW


              For audio, turn on your speakers,
         or Call 1-416-900-1162; Code 446-698-044
Tax Benefit Overview

• If a donor owns securities or
  mutual funds that have grown in
  value, they will face a tax bill...
For audio, turn on your speakers,
or Call 1-416-900-1162; Code 446-698-044
What does this mean for donors?




• Tax Advantages
  • Eliminate capital gains tax bill
• Opportunity
  • An opportunity...
What does this mean for charities?




• Bigger donations
• Another significant donation source

                     For ...
ACCEPTING & PROCESSING GIFTS
  OF SECURITIES
              For audio, turn on your speakers,
         or Call 1-416-900-11...
Accepting gifts of securities on your own




• Requirements:
  • Brokerage account
  • New forms and procedures for recei...
Accepting gifts of securities is easy &
        hassle-free with CanadaHelps!




• No need to get a broker
• No need to s...
Donating Securities through CanadaHelps




1.   Donor fills in information online on www.CanadaHelps.org
2.   Donor submi...
TIPS FOR SUCCESS


               For audio, turn on your speakers,
          or Call 1-416-900-1162; Code 446-698-044
Let donors know you accept gifts of
            securities.




• Include an article in your next newsletter
• Dedicate a ...
Outline the process on your
              website.
• Explain that you are using
  CanadaHelps to process gifts of
  securi...
For audio, turn on your speakers,
or Call 1-416-900-1162; Code 446-698-044
Let financial advisors know that your charity
            accepts gifts of securities.




• They can consider this option...
Create a segmented list of donors.




• Go through your donor data and create targeted lists
• Develop personalized, comp...
Prepare for the Giving Season.




• December is traditionally the time when most gifts of
  securities are made
• Effecti...
Follow-up.




• Thank donors in a timely way
• Remember to include CanadaHelps donors in your
  charity’s regular donor r...
FREQUENTLY ASKED QUESTIONS


              For audio, turn on your speakers,
         or Call 1-416-900-1162; Code 446-698...
What is the cost to process donations of
     securities through CanadaHelps?




• There is a nominal 3% transaction fee
...
How much money actually goes to my charity?




• CanadaHelps sells the securities and forwards the
  sale value to your c...
What value is on the donor’s tax receipt?




• The actual value of the donation for the tax
  receipt is determined on th...
How long does it take for a donation to
               reach my charity?




• Generally, most securities take a few days ...
Who issues the tax receipt?
           How and when is it issued?




• CanadaHelps issues and sends the tax receipt to
  ...
Where do I find out about donations of
        securities made to my charity?




• In your MyCharity account, look for “S...
What if the donor manages their own
                 investments?




• Process is the same through CanadaHelps
• Donor ne...
ABOUT MYCHARITYCONNECTS
www.mycharityconnects.org
                                          Next Webinar
Free online resources
                   ...
Question and Answer
You can hear us, but
we can’t hear you




Ask questions here




Ask away!


                      Fo...
Thank you for attending!

    Webinar slides and recording will be up on:
    www.mycharityconnects.org/pastwebinars

Chec...
Big Gifts! Using CanadaHelps for Gifts of Securities
Big Gifts! Using CanadaHelps for Gifts of Securities
Big Gifts! Using CanadaHelps for Gifts of Securities
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Big Gifts! Using CanadaHelps for Gifts of Securities

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Recording: http://www.youtube.com/watch?v=EeQF02QGB0w

Did you know that gifts of publicly-traded securities to registered Canadian charities are the most tax efficient way to make a donation?

CanadaHelps is proud to be the first charity in Canada to accept Gift of Securities donations online. We make the process of donating and receiving gifts of securities simple for everyone involved. Join us for this webinar as we take you through how donations of securities works through CanadaHelps.

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Transcript of "Big Gifts! Using CanadaHelps for Gifts of Securities"

  1. 1. BIG Gifts! Using CanadaHelps for Gifts of Securities September 29, 2010 For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  2. 2. Reminders You can hear us, but we can’t hear you Type questions in the Questions Log Presentation slides will be available on Slideshare Turn up your volume For the best webinar experience, close all other applications. For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  3. 3. CanadaHelps.org What is CanadaHelps? A public charitable foundation that provides accessible and affordable online technology to both donors and charities. For Charities A cost-effective means of raising funds online. For Donors A one-stop-shop for giving. CanadaHelps is a charity helping charities. For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  4. 4. Today’s Presenter Mike Henry Client Services Coordinator For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  5. 5. Webinar Agenda 1. Tax Benefit Overview 2. Accepting & Processing Gifts of Securities • Without CanadaHelps • With CanadaHelps 3. Tips for Success 4. Frequently Asked Questions 5. Q & A For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  6. 6. TAX BENEFIT OVERVIEW For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  7. 7. Tax Benefit Overview • If a donor owns securities or mutual funds that have grown in value, they will face a tax bill upon selling them • Charitable donations of publicly listed securities to registered charities are exempt from capital gains taxation For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  8. 8. For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  9. 9. What does this mean for donors? • Tax Advantages • Eliminate capital gains tax bill • Opportunity • An opportunity to make a significant gift • Recognition • Their gift can be honoured during their lifetime For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  10. 10. What does this mean for charities? • Bigger donations • Another significant donation source For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  11. 11. ACCEPTING & PROCESSING GIFTS OF SECURITIES For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  12. 12. Accepting gifts of securities on your own • Requirements: • Brokerage account • New forms and procedures for receipting, processing, etc. • Train and inform staff For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  13. 13. Accepting gifts of securities is easy & hassle-free with CanadaHelps! • No need to get a broker • No need to set up a brokerage account • No administrative hassles For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  14. 14. Donating Securities through CanadaHelps 1. Donor fills in information online on www.CanadaHelps.org 2. Donor submits the Letter of Authorization to their financial advisor 3. The financial advisor transfers the securities to the CanadaHelps brokerage account 4. CanadaHelps sells the securities and forwards the sale value to your charity 5. CanadaHelps emails the donor a PDF tax receipt
  15. 15. TIPS FOR SUCCESS For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  16. 16. Let donors know you accept gifts of securities. • Include an article in your next newsletter • Dedicate a page on your website to the topic • Clearly and succinctly explain the benefits For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  17. 17. Outline the process on your website. • Explain that you are using CanadaHelps to process gifts of securities • Outline the process so they know what to expect • Inform donors that CanadaHelps assesses a transaction fee on each donation before disbursing it to your charity For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  18. 18. For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  19. 19. Let financial advisors know that your charity accepts gifts of securities. • They can consider this option for their clients • Tip: set up meetings with advisors in your organization’s neighbourhood For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  20. 20. Create a segmented list of donors. • Go through your donor data and create targeted lists • Develop personalized, compelling messages for these groups about donating securities For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  21. 21. Prepare for the Giving Season. • December is traditionally the time when most gifts of securities are made • Effective timing, messaging and repetition is important to successfully promote charitable gifts of securities to your organization For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  22. 22. Follow-up. • Thank donors in a timely way • Remember to include CanadaHelps donors in your charity’s regular donor recognition programs • Find donor details in your MyCharity account For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  23. 23. FREQUENTLY ASKED QUESTIONS For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  24. 24. What is the cost to process donations of securities through CanadaHelps? • There is a nominal 3% transaction fee deducted based on the proceeds of the sale of donated securities • Covers brokerage, transfer, banking & distribution fees For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  25. 25. How much money actually goes to my charity? • CanadaHelps sells the securities and forwards the sale value to your charity (less 3%) • Please note that the CanadaHelps broker sells the securities upon receipt For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  26. 26. What value is on the donor’s tax receipt? • The actual value of the donation for the tax receipt is determined on the day that the donation is received in the CanadaHelps brokerage account • Canada Revenue Agency (CRA) guidelines For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  27. 27. How long does it take for a donation to reach my charity? • Generally, most securities take a few days to get to CanadaHelps once a donor submits the Letter of Authorization to their financial advisor/broker • Some securities (e.g. mutual funds) can take a few weeks • Once CanadaHelps receives the securities and they are sold, we distribute them to the charity in the next disbursement cycle • Process can take as little as a week
  28. 28. Who issues the tax receipt? How and when is it issued? • CanadaHelps issues and sends the tax receipt to the donor • Tax receipts are valued based on closing bid price • Tax receipts are issued and sent after securities are sold For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  29. 29. Where do I find out about donations of securities made to my charity? • In your MyCharity account, look for “Securities” in the Donation Source field
  30. 30. What if the donor manages their own investments? • Process is the same through CanadaHelps • Donor needs to provide their financial institution’s information during the donation process For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  31. 31. ABOUT MYCHARITYCONNECTS
  32. 32. www.mycharityconnects.org Next Webinar Free online resources “The Networked NonProfit: • Information about technology Using Social Media to • Video demonstrations Accomplish More With Less” • More webinars PRESENTED BY BETH KANTER • Past webinar recordings OCTOBER 13 • Learning opportunities 1PM – 2PM • Events (Eastern Time)
  33. 33. Question and Answer You can hear us, but we can’t hear you Ask questions here Ask away! For audio, turn on your speakers, or Call 1-416-900-1162; Code 446-698-044
  34. 34. Thank you for attending! Webinar slides and recording will be up on: www.mycharityconnects.org/pastwebinars Check out www.mycharityconnects.org for resources! Questions, feedback, comments? Email us at: info@canadahelps.org
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