CCMBC Legacy Fund is pleased to facilitate gifts of securities to Mennonite Brethren ministries. While we do not charge a fee for this service, a small brokerage commission charged by the executing broker is deducted from the proceeds realized on the sale of the securities. This commission does not affect the value of the charitable donation receipt issued to the donor.
Steps in the gifting process:
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To make a donation of publicly traded securities, the donor must complete the Charitable Donation of Publicly Traded Securities Form and forward it to their broker or financial advisor to initiate the transfer to our brokerage account. The donor should also email a copy of the completed form to our office, as our broker does not receive information identifying the donor or the intended recipient charity.
- Upon receiving confirmation from our broker that the securities have been transferred into our brokerage account, and upon receipt of a copy of the completed donation form from the donor, we will instruct our broker to sell the securities. Please note that donations received on January 2nd cannot be receipted for the previous calendar year. As the transfer can take some time, donors should be aware of this and initiate the transaction early enough to ensure the donation is in our account by December 31st if receipting is a concern.
- The securities are sold promptly upon receipt, without consultation with the designated recipient charity, and the proceeds are subsequently disbursed.
- Once the securities have been sold and the funds received from our broker, we remit the net proceeds to the charity designated by the donor.
Charitable Donation Receipts
CCMBC Legacy Fund Inc. acts as the facilitator and administrator of the securities transfer process. Accordingly, CCMBC Legacy Fund Inc. will issue the charitable donation receipt to the donor.
Note: The donor's charitable donation receipt will generally reflect the fair market value of the securities on the date they are received in the brokerage account of the designated recipient charity, in accordance with the charity's receipting policies and applicable Canada Revenue Agency requirements.
For more information and/or if you are interested in donating securities, please contact:
Nathan Driedger
Toll-Free: 1-888-669-6575 ext. 776
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
