Significant tax savings occur when you donate publicly traded securities directly to Collingwood School including stocks, bonds and mutual funds. Securities received by the School are immediately sold and an official tax receipt is issued.
How to make a gift of securities to Collingwood:
Please fill out the Securities Intention Form and the Advancement office will follow up with the Direction to Transfer Shares Form. The Advancement office will provide you with Collingwood School's broker and transfer codes and ensure the timely issue of an official tax receipt.se
*Should you have paper stock certificates, please contact the Advancement office to make alternative arrangements.
No matter your financial situation, it is likely that you can leave something to charity through a will or trust. You can leave a specific amount, specific percentage, or the remainder of your estate after other bequests and debts have been paid. This is a meaningful way to leave a legacy and support Collingwood School.
Sample wording: The following is sample wording for your will:
Percentage Gift "I direct my trustees to pay or transfer to Collingwood School ____% of my estate."
Residual Gift After paying debts and other bequests: "I direct my trustees to pay or transfer to Collingwood School the whole (or ____%) of the residue of my estate.
Specific Gift "I direct my trustees to pay or transfer Collingwood School the sum of $____" or "I direct my trustees to transfer to Collingwood School (identify the personal property to be given, for example 500 shares of XYZ stock)."
Special Bequests If you wish to designate your gift for a specific purpose, please contact us to discuss your intention before finalizing your will.
A gift-in-kind is a non-cash donation and includes items such as personal effects, artwork and real estate. Collingwood School gladly accepts gift-in-kind donations for which there is a use for Collingwood School and that have been approved by our Chief Financial Officer, Catherine Ruby.
Upon completed valuations (third-party if needed), a donation receipt will be issued for the fair market value of the gift. Official tax receipts are issued once Collingwood School receives all applicable donation forms, itemized receipts and valuation of fair market value from a Canadian source. Gifts greater than or equal to $1000 will require a third-party appraisal as per the CRA.
Parents’ Council events: For gift-in-kind donations for events such as the Spring Fair and Gala, please kindly contact the event chairs for the Parents’ Council Gift-in-Kind Donation Form. Not all donations such as works of art, antiques, jewelry and rare/unique items will be tax receipted unless valuation can be clearly identified or appraised and Collingwood School receives all applicable donation forms, itemized receipts and valuation of fair market value from a Canadian source.
For more information pertaining to official tax receipts and CRA’s standards for determining fair market value, please see the following links: