Community Shares Program
Through the "Community Shares" program, the NPF serves as the clearinghouse for smaller charities to enable them to take advantage of the donation of publicly traded shares. The NPF has opened brokerage accounts with every major brokerage firm in Canada thereby facilitating the transfer process. Under its objects, the NPF is able to transfer proceeds it receives to any "qualified donee" as defined under the Income Tax Act, which every registered charity must be. The NPF will ultimately distribute the funds to one or multiple charitable organizations unless there is a request for the securities to be retained.