Share Transfer Program

The SA Foundation has been proactive in establishing an account to receive donations of publicly traded securities and welcomes such donations to help us offset our charitable purposes.

According to a newsletter published by Berris Mangan Chartered Accountants, the 2006 Federal Budget offers great incentives for donors to donate publicly traded securities.

“Currently capital gains realized on the donation of publicly traded securities and certain other securities such as mutual funds to charitable organizations and public foundations are included in income at a reduced inclusion rate of 25%. Effective May 2, 2006 the capital gains inclusion rate for donated securities has been reduced to zero. The donation receipt will continue to be issued for the value of the securities donated.”

Please contact the SA Foundation at info@safoundation.com for details about where to donate your shares! Thank you!