Make a donation
Donating, means helping these young people find the best in themselves, experience success and develop their leadership skills in order to play an active role in tomorrow’s society.
Many ways of donating are available. One-time or monthly donations may be made with bank transfers, checks, or credit cards. Donations of shares are also accepted.
One-time donation
You can invest in the academic future of these youth by making an on-line donation. Whether it be by credit card or bank transfer, it is a safe and easy way to show your support. Official email receipts will be issued for any donation of $20 or more.
You may also donate by issuing a check to Fondation La Clé, and mailing it to us along with the completed donation form below.
You may also donate by calling us directly at 514-868-2345
Monthly donation
In choosing to donate monthly, by credit card or bank transfer, you are investing in the academic future of these young people and ensuring the Foundation sustains a stable and constant income allowing it to fulfill its mission.
You may also join the monthly donation program by mailing us a completed donation form and a check marked ‘void ‘. Bank withdrawals will be made monthly in a secure manner. An official receipt will be issued at the end of the fiscal year.
You may also join the monthly donation program by calling us at 514-868-2345.
Donating
shares
Donate shares and benefit from a greater tax reduction!
By donating shares to Fondation La Clé, you will benefit from a capital gains tax exemption. If you were to sell your shares and then donate the money, you would be taxed 50% on your capital gain. Food for thought!
By choosing to donate shares, a charitable receipt will be issued for the amount of the shares’ fair market value at the time of your donation.
- WHAT DOES DONATING SHARES INVOLVE?
-
By choosing to donate shares, a charitable receipt will be issued for the amount of the shares’ fair market value at the time of your donation.
Suppose that you purchased 500 shares of ABC Company at a cost of $20 a share a few years ago, thereby spending $10,000. Today, these shares are worth $100 each, or $50,000, and you would like to donate them to Fondation La Clé.
The benefits of making such a donation are shown below1 while at the same time giving the opportunity of making a significant donation.
CASH DONATION AFTER
THE SALE OF SHARESDIRECT DONATION OF SHARES
TO THE FOUNDATIONVALUE OF THE SHARES TODAY
500 shares x $100$50,000
$50,000
VALUE OF SHARES AT THE TIME OF PURCHASE
500 shares x $20$10,000
$10,000
CAPITAL GAIN
Value today – purchase value$40,000
$40,000
TAXABLE AMOUNT OF CAPITAL GAIN
$40,000 x 50%$20,000
$0
CAPITAL GAINS TAX
$20,000 x 50%$10,000
$0
TAX CREDIT
Assumed rate of 50%$25,000
$25,000
NET TAX SAVINGS
Tax credit – capital gains tax$15,000
$25,000
ACTUAL COST OF DONATION
$35,000
$25,000
VALUE OF THE SHARES TODAY
500 shares x $100CASH DONATION AFTER THE SALE OF SHARES
$50,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$50,000
VALUE OF SHARES AT THE TIME OF PURCHASE
500 shares x $20CASH DONATION AFTER THE SALE OF SHARES
$10,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$10,000
CAPITAL GAIN
Value today – purchase valueCASH DONATION AFTER THE SALE OF SHARES
$40,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$40,000
TAXABLE AMOUNT OF CAPITAL GAIN
$40,000 x 50%CASH DONATION AFTER THE SALE OF SHARES
$20,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$0
CAPITAL GAINS TAX
$20,000 x 50%CASH DONATION AFTER THE SALE OF SHARES
$10,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$0
TAX CREDIT
Assumed rate of 50%CASH DONATION AFTER THE SALE OF SHARES
$25,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$25,000
NET TAX SAVINGS
Tax credit – capital gains taxCASH DONATION AFTER THE SALE OF SHARES
$15,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$25,000
ACTUAL COST OF DONATION
CASH DONATION AFTER THE SALE OF SHARES
$35,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$25,000
- WHO CAN DONATE SHARES?
-
- People owning appreciated shares.
- People wishing to make a significant donation and receive immediate tax benefits.
- People wishing to make a deferred donation (via their will), an attractive solution for their estate’s tax welfare.
- WHAT ARE THE BENEFITS OF DONATING SHARES?
-
- A charitable receipt will be issued in the amount of the shares’ fair market value, determined using the shares’ closing price when the shares are deposited in the Foundation’s brokerage account.
- No capital gain tax will be charged, compared to the usual tax rate of 50% upon the selling of shares.
- You will immediately benefit from tax savings that may increase the amount of the donation or reduce its actual cost.
- WHAT SHARES CAN BE DONATED2?
-
- Publicly traded shares
- Savings bonds
- Mutual fund units
- Private company shares3
1 The above example is for illustrative purposes only. Calculations have been simplified by rounding the donation tax credit and tax payable to 50% and does not serve to offer financial or legal advice. We suggest consulting your financial or legal advisor to ensure that the chosen method takes into account all the specificities of your situation.
2 Shares listed on Canadian, American or international stock exchanges are eligible for this incentive, if and only if, they are listed on the stock exchanges located in Canada or in a member country of the Organization for Economic Co-operation and Development and are signatories of a tax treaty with Canada. Source: Canada Revenue Agency.
3 As of January 1, 2017, there is a capital gain tax exemption when cash proceeds from the disposition of private company shares or real estate are donated within 30 days of the disposition.
- WHAT DOES DONATING SHARES INVOLVE?
-
By choosing to donate shares, a charitable receipt will be issued for the amount of the shares’ fair market value at the time of your donation.
Suppose that you purchased 500 shares of ABC Company at a cost of $20 a share a few years ago, thereby spending $10,000. Today, these shares are worth $100 each, or $50,000, and you would like to donate them to Fondation La Clé.
The benefits of making such a donation are shown below1 while at the same time giving the opportunity of making a significant donation.
CASH DONATION AFTER
THE SALE OF SHARESDIRECT DONATION OF SHARES
TO THE FOUNDATIONVALUE OF THE SHARES TODAY
500 shares x $100$50,000
$50,000
VALUE OF SHARES AT THE TIME OF PURCHASE
500 shares x $20$10,000
$10,000
CAPITAL GAIN
Value today – purchase value$40,000
$40,000
TAXABLE AMOUNT OF CAPITAL GAIN
$40,000 x 50%$20,000
$0
CAPITAL GAINS TAX
$20,000 x 50%$10,000
$0
TAX CREDIT
Assumed rate of 50%$25,000
$25,000
NET TAX SAVINGS
Tax credit – capital gains tax$15,000
$25,000
ACTUAL COST OF DONATION
$35,000
$25,000
VALUE OF THE SHARES TODAY
500 shares x $100CASH DONATION AFTER THE SALE OF SHARES
$50,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$50,000
VALUE OF SHARES AT THE TIME OF PURCHASE
500 shares x $20CASH DONATION AFTER THE SALE OF SHARES
$10,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$10,000
CAPITAL GAIN
Value today – purchase valueCASH DONATION AFTER THE SALE OF SHARES
$40,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$40,000
TAXABLE AMOUNT OF CAPITAL GAIN
$40,000 x 50%CASH DONATION AFTER THE SALE OF SHARES
$20,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$0
CAPITAL GAINS TAX
$20,000 x 50%CASH DONATION AFTER THE SALE OF SHARES
$10,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$0
TAX CREDIT
Assumed rate of 50%CASH DONATION AFTER THE SALE OF SHARES
$25,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$25,000
NET TAX SAVINGS
Tax credit – capital gains taxCASH DONATION AFTER THE SALE OF SHARES
$15,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$25,000
ACTUAL COST OF DONATION
CASH DONATION AFTER THE SALE OF SHARES
$35,000
DIRECT DONATION OF SHARES TO THE FOUNDATION
$25,000
- WHO CAN DONATE SHARES?
-
- People owning appreciated shares.
- People wishing to make a significant donation and receive immediate tax benefits.
- People wishing to make a deferred donation (via their will), an attractive solution for their estate’s tax welfare.
- WHAT ARE THE BENEFITS OF DONATING SHARES?
-
- A charitable receipt will be issued in the amount of the shares’ fair market value, determined using the shares’ closing price when the shares are deposited in the Foundation’s brokerage account.
- No capital gain tax will be charged, compared to the usual tax rate of 50% upon the selling of shares.
- You will immediately benefit from tax savings that may increase the amount of the donation or reduce its actual cost.
- WHAT SHARES CAN BE DONATED2?
-
- Publicly traded shares
- Savings bonds
- Mutual fund units
- Private company shares3
1 The above example is for illustrative purposes only. Calculations have been simplified by rounding the donation tax credit and tax payable to 50% and does not serve to offer financial or legal advice. We suggest consulting your financial or legal advisor to ensure that the chosen method takes into account all the specificities of your situation.
2 Shares listed on Canadian, American or international stock exchanges are eligible for this incentive, if and only if, they are listed on the stock exchanges located in Canada or in a member country of the Organization for Economic Co-operation and Development and are signatories of a tax treaty with Canada. Source: Canada Revenue Agency.
3 As of January 1, 2017, there is a capital gain tax exemption when cash proceeds from the disposition of private company shares or real estate are donated within 30 days of the disposition.
