Gift of Securities
Support community healthcare while saving on your taxes.
Donating publicly traded stock is a smart way to make a charitable donation and receive excellent tax benefits. Eligible donations include stocks, bonds and mutual funds
listed on a public securities exchange such as the TSX. The donation must be a transfer of the stock itself
, not a cash donation of the proceeds of sale of the stock.
This presents an outstanding opportunity for donors with appreciated stock portfolios to make substantial charitable gifts while receiving excellent tax benefits.
How it works
When you cash investments (such as publicly traded stocks, bonds or mutual funds) that have appreciated considerably since their purchase, the capital gain is taxable as income.
If you donate these investments to the Georgetown Hospital Foundation, you’ll receive:
- A tax receipt for the full appreciated value for your donation of publicly traded stock or securities;
- AND the added bonus of not having to pay capital gains tax.
Download a Share Transfer Form.