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A big tax advantage

By directly donating securities that have appreciated in value to York University, you will not pay the capital gains tax normally associated with such a sale. You will receive a tax receipt for the full, fair market value of the shares, but will not be taxed on any gain. If you own stocks or mutual funds that have grown in value, you would normally be subject to capital gains tax.

This tax break can substantially reduce the cost of your charitable donations and enable you to give more than you otherwise would imagine possible. For even more impact, your gift may be eligible for government matching programs such as the Ontario Trust for Student Support.

Please note: Your shares must be transferred directly to York University. If the shares are sold and then the proceeds are donated to York University, the enhanced tax benefits do not apply. The fair market value will be the closing price of the securities on the date the securities are transferred to York University.

Other Advantages:

  • If your donation exceeds the amount eligible for a tax credit in the year your gift is made, the excess credit may be carried forward up to five years.
  • If you leave securities to York University through your Will, your estate will receive the same tax benefits.

Charitable giving example

How to make a gift of publicly traded securities to York University