When we receive your donation of stock, we immediately sell the shares through the assistance of CIBC Wood Gundy, our investment firm. Please see below for the instructions and our form for you to complete.
Share Transfer Instructions
Client Name: Covenant House Toronto
Receiving Institution Information:
CIBC Wood Gundy
BCE Place, 161 Bay Street, 4th Floor Toronto, Ontario M5J 2S8
Broker: Bryan Baker: (416) 594-7954
|BK OF NYC/WGI
Please call Christine Foisy-Monk at 416-204-7062 to discuss the valuation of a stock that is not easily liquidated or considered highly volatile. Covenant House Toronto reserves the right to decline a donation of securities.
Upon receipt, the donated shares will be valued at their closing price as of the date of the donation and a tax receipt will be issued for this amount, in accordance with Canada Revenue Agency’s tax receipting guidelines.
Share Transfer Notification
It is important that you or your broker alert us via email or phone that the gift is being transferred to our account, as the stock will arrive in our account without identification. Please provide the information below to Ruth D’Souza at email@example.com or 647-252-2532.
This information will help us acknowledge your gift appropriately.