Save More, Give More
Want to foster an inclusive, diverse and culturally rich society? You can support the achievement of this vision through donations of securities and mutual funds to Indian Summer Festival.
A donation of securities or mutual fund shares is the most efficient way to give charitably since the capital gains tax does not apply. Your security or mutual fund donation means a larger donation for Indian Summer Arts Society. It also means a larger charitable tax receipt for you.
How Does This Work?
The Canada Revenue Agency does not apply capital gains tax on donations of publicly traded securities. Capitals gains are the increase in the value of your securities over the price you paid at purchase.
When you sell your shares for cash, you’re responsible for the tax due on the gain, even if you plan to donate the proceeds from the sale. If you pay the tax out of those proceeds, there’s less money left to donate. Indian Summer Arts Society receives a smaller donation and you have a smaller donation to claim for your charitable tax credit at the end of the year.
But when you donate your securities directly to Indian Summer Arts Society, those capital gains aren’t subject to tax. This means we receive a larger gift, and you’ll benefit from a tax receipt for the full value of your eligible securities or mutual funds.
Make a Donation
Donations of securities and mutual funds to the Indian Summer Arts Society can be made through our partner, CanadaHelps. Simply visit our page on the CanadaHelps website, click on the ‘Donate Securities’ tab and follow the prompts. CanadaHelps will automatically issue you with a full tax receipt for your donation on our behalf.
Our Donor Relations & Development Manager, Shahaa Kakar, is happy to talk to you more about your securities donation and how it works.
All donated funds are used to support innovative festival programming that brings together global thinkers and artists who are addressing the pressing questions of the day through their work. Together, we hope to shape a society that is robust, creative and just. Join us.
Foster an inclusive, diverse and culturally rich society.
Cultivate global dialogue and global citizenship through the arts.
Receive a charitable tax receipt for 2015.
Donor Relations & Development Manager