Donations of securities are an appealing gift option. Capital gains on publicly traded securities can be eliminated when gifted to a registered charity like The Lakefield College School Foundation. Eligible securities include shares, bills, "flow through" shares for taxpayers at the highest marginal tax rate, futures, and units in mutual funds that are traded on Canadian, U.S. and international exchanges.
Lakefield College School is equipped to receive your donated securities from Canada, the US and the UK. At the close of the day, the stock will be sold and the donor will receive tax benefits for the stock value at the time of sale. To transfer securities to the LCS Foundation please complete the Canadian gift form or contact the LCS Foundation Officefor non-Canadian gifts.
In-kind donations to Lakefield are made in many ways – property, furnishings, and works of art to name a few. Whatever the form, your gift will be appraised by an independent professional (if worth more than $1,000) and you will be eligible to receive tax benefits for the fair market value of your gift.
Flow through shares can enable donors to dramatically reduce the after-tax cost of their charitable gifts. This special category of shares was introduced 40+ years ago to encourage investment in Canada’s resource sector by allowing certain tax deductions to “flow through” from companies to investors.
Flow through shares can reduce the effective after-tax cost of a charitable gift by an Ontario resident to roughly 15 cents per dollar donated, compared to 54 cents per dollar donated for a traditional gift. The tax benefits vary from province to province and based upon the individual tax circumstances of the donor.
Should you wish to learn more about flow through share donations, please contact the LCS Foundation at 705.652.3324 ext. 349. We can assist donors in arranging the purchase and donation of flow through shares to Lakefield College School.
Lakefield College School is very fortunate to receive support from parents, alumni and friends around the world who share a commitment to the Lakefield difference.
Gifts from Residents of the U.S.A Gifts can be made to Lakefield College School by donating to the LCS Foundation (American):
Lakefield College School Foundation (American) Inc.
Fairfield and Woods, P.C.
1801 California Street, Suite 2600
Denver CO 80202
Tax receipts will be issued by the Foundation (EIN #521182681) and subsequently, funds transferred to LCS For more information contact Theresa Butler-Porter.
Gifts from Residents of the U.K. Gifts can be made to Lakefield College School by donation to the Friends of LCS, U.K. Tax receipts will be issued by the Foundation and subsequently, funds transferred to LCS. Contact Theresa Butler-Porter for more information.
We welcome your donation, in whatever manner you choose to give. We encourage you to seek independent professional advice and work with our Foundation team to determine the best method of giving for you. For more information contact Theresa Butler-Porter.