>> Gifts of Cash
Gifts of cash are tax deductible in the year received and include cash, cheque and money orders. Your gift may also be charged to your Visa, Mastercard or American Express. You will receive a tax receipt for the full amount of the gift. The tax savings will reduce your actual cost of the gift by as much as 47%*.
*Reduction depends on the gift amount, your current tax rate and where you live in Canada.
>> Pledges
Pledges offer donors the opportunity to make a commitment to the University over a period of time based on an agreed-upon payment schedule. Pledges allow donors to increase their support of Saint Mary's and take advantage of tax benefits over several tax years. Payments can be made in monthly, quarterly, semi-annually or annual installments.
Donation form available by clicking here.
>> Stocks and Securities
Publicly listed securities donated directly to Saint Mary's University are popular gifts because of increased tax benefits introduced by the federal government in 2006. If you own publicly listed stocks, bonds, mutual funds or shares that have appreciated in value, you pay tax on the capital gain when the security is sold.
A tax change announced in the 2006 federal budget means you pay no tax on captial gains when you donate publicly listed securities (i.e. shares, bonds, mutual funds) to registered charities.
If you own publicly traded securities that have increased in value, you will pay tax on them when they are sold. But, as of May 2006, if you donate the securities to charity you pay no tax and still receive a charitable receipt for the full market value of the securities. Find out more.
The University issues a donation receipt for the fair value of the shares on the day of receipt of securities. The donation will not qualify for the reduced taxable gain if the shares are sold first and the proceeds are then given to the University. You realize a tax benefit by claiming a tax credit for the gift.
*Includes all exchanges in Canada, most in the United States and several other countries.
>> Corporate Matching Gifts
Your gift can be increased significantly if you or your spouse’s employer matches charitable donations. Some companies will match a retiree’s gift. Please contact your Human Resources Department to find out whether your company participates in a matching gift program.
>> Gifts In-Kind
Gifts of real estate, equipment, books, artwork, archival materials and other properties are welcomed by the University. You will receive a tax receipt for the fair market value of the gift. There are also opportunities for you to transfer title of the property to the University now and realize immediate tax savings, while reserving the right to use the property for the remainder of your life. You will receive a tax receipt based on the present value of the property less the value of your use during the remainder of your life. If you are considering a gift of property, please contact the Development Office to discuss the possibilities.
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