If someone makes a donation ‘in kind’ of publicly traded securities, rather than cash, a donation receipt is issued by St Mary’s for the fair market value of the securities at the time of the donation. This not only entitles the taxpayer to receive the same donation tax credit based on that amount, but also any capital gain resulting from the disposition which would be normally be included in the calculation of their net income is calculated at a zero inclusion rate, rather than 50% of the amount of the capital gain. As a result, the donor receives an additional tax benefit.