How to donate securities
A simple way for your donation dollars to go even further
If you hold investments in a taxable investment account that have appreciated in value, consider donating the investments themselves to JAZZ.FM91. By donating investments that have appreciated in value you will be exempt from the capital gains tax on the donated investment. You’ll also receive a tax receipt for the fair market value of your donation.
JAZZ.FM91 encourages all donors who are planning a significant gift to seek independent legal and/or financial planning advice.
Types of qualifying investments:
- Shares, bonds or rights listed on a designated stock exchange
- Mutual funds
- Exchange-traded funds
- Interest in related segregated funds
- Government bonds
How to donate securities to JAZZ.FM91
Interested in donating securities to JAZZ.FM91? It’s easier than you think! Just follow these three simple steps.
Step 1: Contact our securities administrator at sendicott@jazz.fm.
You will be provided with a form that will include the details of our investment account, and other fields that you will need to fill in to execute the transfer. At this time, we will also loop in our investment account manager, and we will make sure that we have your name and contact information on file so that your donation, once received, will be properly credited to your record.
Step 2: Complete the form and send it to your broker or adviser.
Your broker/adviser is responsible for initiating the transfer, but please copy sendicott@jazz.fm as well as our investment manager so that we are all aware that the transaction is under way.
Step 3: Let us know when the transfer is complete.
Securities are transferred into our account without attribution, so be sure to let us know once the transaction is complete. We will verify the amount to be receipted, which corresponds to the value of the shares when legally transferred to JAZZ.FM91’s account. Note that it is the station’s policy to sell the shares at the earliest opportunity.
Still have questions? Contact us at sendicott@jazz.fm for more information or assistance with your securities donation.
Fill out your contact information to receive the form
Please use your legal name
Estate Planning
Donating to JAZZ.FM91 by way of the following can also offset taxes that are imposed after life on your estate.
Life insurance policy
You can donate a life insurance policy to charity in these ways:
Name JAZZ.FM91 as the beneficiary of an existing policy. This is a good option if you already have a policy that your family no longer needs for financial stability. At the time of your death, JAZZ.FM91 will receive the policy proceeds and your estate will receive the tax benefits – the donation limit in the year of death (and preceding taxation year) is increased to 100% of the person’s net income.
- Transfer ownership of an existing policy to JAZZ.FM91 and receive a charitable tax receipt for the cash value of the policy. If you owe annual premiums on the policy, you’ll still pay them, but you’ll also receive tax receipts in the amount of your payments.
- Take out a new policy in the name of JAZZ.FM91. You’ll receive a charitable tax receipt for the cash value of the policy and for any premiums you pay.
Bequests in your will
Leaving a gift to JAZZ.FM91 under your will may produce a valuable tax credit on your final tax return. In the year of death and the prior year you may be able to claim a donation tax credit for up to 100% of your net income. You may choose to bequeath a percentage of your estate instead of an absolute dollar amount so that the amount of your gift is automatically kept in line with the amount of your wealth.
Naming JAZZ.FM91 as a beneficiary to your RRSP, RRIF, LIF or TFSA
You may consider naming JAZZ.FM91 as a beneficiary of your RRSP, RRIF, LIF or TFSA. When a charitable organization such as JAZZ.FM91 is named as a beneficiary the proceeds of the account are paid directly to the charity upon death. This helps to reduce probate fees on an estate.
JAZZ.FM91 encourages all donors who are planning a significant gift to seek independent legal and/or financial planning advice.
Wine Auction
In partnership with Iron Gate Auctions, the third JAZZ.FM91 Online Fine Wine Auction is now open to donations
Welcome to the JAZZ.FM91 Online Fine Wine Auction!
Do you have bottles of fine wine or premium spirits that you’ll never get around to drinking? Do you know someone with a cellar they would like to donate to a registered charity? If so, you can now donate them to JAZZ.FM91 for our third annual virtual wine and spirits auction and receive a tax receipt for their fair market value.
This year’s auction takes place May 19-24.
JAZZ.FM91 has partnered with Iron Gate Auctions to conduct our virtual wine and spirits auction, with the proceeds from each year’s auction supporting our charitable arts organization.
All eligible wine and spirit donations will be assessed by a Canada Revenue Agency recognized expert and tax receipts will be issued for the assessed value of the product. You will receive an estimate of your product’s value before committing to donate it to JAZZ.FM91 for the auction. After committing your product(s) to the auction, arrangements will be made to pick it up from you.
This year's deadline for donations is March 31. Donations of wine and spirits will enable you to receive a tax receipt that you can use when filing your tax return.
To make your donation, please fill out the form at the bottom of this page and attach both the product donation list and your sales receipt(s), if applicable.
Upon acceptance by the donor of the eligible gift amount for any wine or spirits donated, that product becomes the property of JAZZ.FM91. JAZZ.FM91 reserves the right to reject any donation that is deemed unsuitable in order to maintain the high quality of the auction. Although you will receive a tax receipt for any donated product, you are responsible for its reporting on your tax return. JAZZ.FM91 advises all donors to seek independent professional advice for any tax related queries. JAZZ.FM91 treats all personal information submitted to us confidentially. We will only use it to send your tax receipt and assist us in any operations relative to the operations of the auction.
JAZZ.FM91 Charitable Registration # 11886 4826 RR0001
Should you be the successful bidder, you can either arrange pickup by appointment of your items at IronGate, 51 Laird Dr., Toronto, or have them shipped at nominal cost. Bidders in the U.S. will need to arrange delivery or pickup after COVID-19 restrictions have been lifted. You will be advised of pickup/delivery options by email should you be the successful bidder.
All proceeds from the auction will support JAZZ.FM91, a not-for-profit, 24-hour jazz station in Toronto. As a registered charity, your support will allow us to continue to provide the best in jazz programming and support our various community outreach programs including the JAZZ.FM91 Youth Big Band, Jazz 4 Kids, music scholarships and more.
While donations of products to the JAZZ.FM91 Online Fine Wine Auction are eligible for a tax receipt, winning bids for products are not.
Alternatively, you may click here to download a printable PDF version of the donation form. You can submit the form and/or direct any questions to wine@jazz.fm.
Thank you for participating in our auction!