Gift of Securities
One of the most financially sound ways to support Villa Cathay is with the gift of securities (stocks, bonds, mutual funds).
Thanks to changes in Canadian tax laws in May of 2006, when you donate stocks, mutual funds and other securities to a registered charity, you pay no capital gains tax and receive a tax receipt for the full amount of the gift. It means a great tax break for you and increased support to our residents.
Typically when you sell a security, you’re required to pay tax on 50% of the capital gain. But when you transfer that same security directly to a charity like Villa Cathay, there’s no tax on the capital gain realized. This is a tremendous incentive to give securities as a gift now to ease your own tax burden, or as a deferred gift in your will to offset the tax against your estate.
How to Donate Securities
Please contact your broker and complete a Direction to Transfer Funds Electronically Form.
If you hold shares in certificate form, you may fill out the Letter of Authorization form and either hand deliver, courier, or send them by registered mail Villa Cathay’s office at:
Villa Cathay Care Home
Attn: Director of Philanthropy
970 Union Street, Vancouver, BC V6A 3V1
For more information, we invite you to connect with our Director of Donor and Community Relations by phone at 604-215-3548 or by email at email@example.com.
Villa Cathay Securities Donation Policy
The donation must be an in-kind transfer of the security itself, not the cash proceeds from the sale of the security. Such a transfer is easily made electronically from your investment account. Villa Cathay has a policy of issuing a tax receipt for the closing value in Canadian dollars on the date the shares are received into its brokerage account. If the shares are hand-delivered or mailed, a properly executed power of attorney is required and the Centre has a policy of issuing a receipt for the closing value in Canadian dollars on the date the shares are received and accepted. Villa Cathay has a policy to sell shares on the same date they are received, or as close to it as possible.
You can plan for a future gift to a cause that touches your heart. Villa Cathay can work with you to help maximize your tax and estate planning benefits while you plan for a legacy gift.
Legal Name: Villa Cathay Care Home Society
Address: 970 Union Street, Vancouver, BC V6A 3V1
Charity Registration Number: 11928 5971 RR0001
To begin building your legacy, please contact us today by phone at 604-215-3548 or by e-mail at firstname.lastname@example.org
Bequests may come in the form of a percentage of your estate, specific cash amount, property, securities or other assets. A charitable bequest has no effect on you financially in your lifetime and is one of the simplest and most flexible ways to create a lasting legacy.
A bequest is a lasting gift from the heart with practical benefits to your surviving heirs. Your estate receives a tax receipt for the full amount of the donation, which may offset capital gains or other taxes due. You may designate the gift to specific programs, or allow Villa Cathay to put it to work where most needed at the time.
Leaving a bequest to Villa Cathay will help us continue to provide the best care to our residents. Please consider becoming a Villa Cathay Legacy Partner as an essential part of your estate planning strategy. If you have completed your will and left a provision for Villa Cathay, please let us know through our Bequest Confirmation Form so we can express our thanks and properly plan for your future gift.
It’s easier than you may think
All it takes is a simple clause in your will to leave a gift of hope to Villa Cathay – and continue transforming lives long after you’ve gone. Your lawyer can include a simple clause naming Villa Cathay as a beneficiary. Naming Villa Cathay in your will is an ideal way to build a legacy. You’ll make a significant and meaningful difference in your community without feeling any financial impact in your lifetime. The following are two samples of clauses you can include in your will in order to leave a legacy to the Villa Cathay:
“My estate trustees shall pay the sum of $_______ (or transfer assets with an equal value) to Villa Cathay Care Home Society, Vancouver, BC (charitable registration number 11928 5971 RR0001) for the purpose of supporting the highest priority projects as determined by Villa Cathay.”
“My estate trustees shall pay ______% of the residue of my estate to Villa Cathay Care Home Society, Vancouver, BC (charitable registration number 11928 5971 RR0001) for the purpose of supporting the highest priority highest priority projects as determined by Villa Cathay.”
Use your imagination and energy to put on your own event! Fundraising is a great way to make a gift to Villa Cathay, and educate people at the same time.
To get started, please download our VC-Third Party Form and Guidelines. Complete the form and return it to us. After we receive your form, we will contact you to see how we can help you make it a success!
Did you know: you can create an online Giving Page through CanadaHelps? It is so easy to help collect donations online for Villa Cathay!