Do you want to support St. Mary's, but don't have the cash readily available? Donating securities (stocks, bonds, mutual funds) directly to St. Mary’s is a way to give that won’t affect your cash flow, and which also gives you a tremendous tax break immediately.
Donating a gift of securities is a tax-efficient way to support the St. Mary’s General Hospital Foundation (SMGHF). Canadians who donate appreciated securities (including stocks, bonds and mutual funds) directly to a registered charity eliminate capital gains tax on the investment. The capital gains tax exemption does not apply if you sell the securities first and then donate the cash proceeds. To illustrate the added value of transferring a gift of securities, we’ve included the example below.
STEP BY STEP:
You can also donate securities (stocks, bonds, and mutual funds) in your will.
- Meet with your financial advisor to select the appropriate security to transfer
- Download the GIFT OF SECURITIES FORM to complete the transfer electronically.
- Once the shares are received by the Foundation, a receipt will be issued for the market value on the day of the transfer.
Personally donating appreciated securities (stocks, bonds, and mutual funds) is a terrific gift. You receive a full-value tax receipt, and won't pay tax on the appreciation, effectively reducing the cost of giving! It is simple and, when done properly, will allow you to share your wealth AND reduce your taxes.
DOWNLOAD FORM (PDF)