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FrançaisYou can support our opera company and take advantage of favourable credit tax policies by making stock donations to Opera Lyra Ottawa.
Donations of publicly traded stock and securities are exempt from capital gains tax.
In addition, your donation is eligible for a charitable tax receipt. Tax receipt values are determined by the donated stock’s closing price on the day the gift is received into Opera Lyra’s account, minus the disbursement fee charged by the brokerage firm.
Also, keep these helpful tips in mind when making a donation of securities to Opera Lyra Ottawa:
- Opera Lyra Ottawa only accepts stock donations of publicly traded companies, not privately owned ones.
- Your receipt for stock donations will be valued based on the stock’s closing price on the day that the stocks are transferred into Opera Lyra Ottawa’s brokerage account, not the day they are liquidated.
- It is Opera Lyra Ottawa's policy to deduct the disbursement fee charged by the brokerage firm, from the fair market value of the donated security.
- Gifts of stock received by Opera Lyra Ottawa are liquidated immediately to minimize risk exposure and to help finance opera productions and deliver opera education programs to the community.
To ensure a successful stock transfer, your stockbroker should notify Opera Lyra Ottawa’s Development Office in writing about the intended stock gift.
Please include the following information:
- donor name
- name of the stock
- number of shares
- intended gift date
For more information about making a gift of stock to Opera Lyra Ottawa please contact Lee Ann Norris, Manager of Development at 613-233-9200, ext 229 or at lanorris@operalyra.ca