054 | Ideas for Year End Giving
As Treasurer for DASH - Dedicated Action for School Health, I wanted to take this opportunity to let everyone know about a Year End Donation program they are spearheading to garner community support at this time of year.
As we all know, donations are a great option to cut some of the tax burden we face. An option to reduce the tax payable is to donate securities, including stocks, bonds or mutual funds.
DASH is working together with Certified Financial Planners and asking for community support from individuals and corporations to consider donating to them at year end.
The benefits of donating securities to DASH are: Donations - DASH BC
1) Reduced taxes- when securities are donated directly to a charity, capital gains tax is eliminated
2) Instant tax receipts – a charitable tax receipt is issued for the full market value of the security upon completion of the sale
3) As much as 53% can be clawed back through charity tax deductions.
Please take a minute to check them out!
The DASH Board of Directors is also seeking new Members and I hope you might consider volunteering your time to join me and make a difference in the lives of our children.
The full details can be found here: https://dashbc.ca/wp-content/uploads/2020/09/BOD-recruitment-information-document.pdf
We wish everyone the happiest of holidays and hope you make some wonderful memories this season with cherished loves ones.