Give the Gift of Securities
Is giving the gift of stock right for me?
When it comes to supporting your favourite charities, do you always reach for your credit card or chequebook?
It might be time to consider the stocks in your financial portfolio that have generated substantial gains.
Three reasons a donation of stock may be right for you:
1. Reduce capital gains.
Many people have invested in stocks and mutual funds for most of our lives, which have appreciated significantly over many years. When you sell these, you trigger a taxable capital gain.
Instead of selling, you can transfer your stock to charity eliminate the capital gains tax! PLUS – you are eligible to deduct the full fair market value of the stock you donated from your income taxes.
A donation of stock can be one of the most tax-smart ways to give.
2. You can give more than you think.
When you donate a security, you avoid the capital gains tax you would have paid if you had sold it. You will be able to donate more and have a bigger impact because your hospital will receive 100% of the stock value.
You are eligible to deduct the full fair market value of the stock you donated from your income taxes.
3. It’s easy to donate stock to the NBRHC Foundation.
Talk to your financial advisor for help deciding which investments in your portfolio could make the most financial and philanthropic impact.
Notify us about your intentions. We’d be happy to discuss your donation and areas of care you and your family may be interested in supporting.
Like all charitable donations, donations of stock need to be received by the end of the calendar year to be eligible for a charitable deduction.
We encourage you to speak with your personal accountant, lawyer and/or financial advisor when executing gifts of securities, property, life insurance, Wills, trusts, and other legal agreements.
We’re here to help.
If you or your advisor have any questions about the North Bay Regional Health Centre Foundation, the securities transfer process or the impact of your generosity, please email Tammy Morison at [email protected] or call 705-495-8125.
Transfer of Securities Form
Download this PDF form for Transfer of Securities.
Send us the form by: