By donating publicly traded securities, you eliminate the capital gains tax that you’d have to pay if you sold the securities and then donated the proceeds. You’ll also receive a charitable tax receipt for your donation.
Securities can include stocks, mutual funds, segregated funds, and bonds. By donating appreciated securities, donors pay no tax on the capital gains, receive a tax receipt for the fair market value of the securities, and reduce their taxes.
Through a gift of securities, you can help us to bring leading-edge health care to the North Shore.
Giving is simple. Consult your financial advisor to decide which investments make the most financial and philanthropic impact. Then ask your broker to transfer your securities to Lions Gate Hospital Foundation by completing the Letter of Direction. And finally, please get in touch and let us know you have made your gift so that we can show our appreciation and ensure that your gift is designated according to your wishes.
The Advantage of Donating Securities
A gift of appreciated securities is a worthwhile alternative to a cash gift. Flexible choices allow you to decide how you want to give, and the elimination of capital gains tax on gifts of appreciated securities provides you with a substantial tax incentive for donating stock.
The benefits of donating securities include:
- Satisfaction of seeing your gift put to good use today
- A charitable tax receipt
- No capital gains tax paid
Donating a gift of appreciated securities is simple:
- Determine with your financial advisor which investments will make the most philanthropic and financial impact.
- Contact us and let us know you have made your gift.
- Instruct your broker to transfer your securities to Lions Gate Hospital Foundations broker by completing a Letter of Direction.
To donate publicly traded securities, please click here.
For more information about gifts of securities, please contact Joanne McLellan, Director of Planned Giving, at 604-904-3553 or email@example.com.