Gifting Securities – Stocks, Bonds & Mutual Funds
Make a bigger impact by donating securities and mutual funds!
A donation of securities or mutual fund shares is the most efficient way to give charitably. With a donation of securities or mutual funds, capital gains tax does not apply, allowing you to give more and avoid paying capital gains taxes.
Download our gift of securities transfer form or send an email to mary.surette@nshealth.ca to initiate this process.
A Gift to the Hospital Is a Gift to the Community as a Whole
For Doug and Elaine Thistle, giving is a way of life. When they retired and sold their business and its prop
erty, they chose to donate a substantial number of high-yield shares to Yarmouth Hospital Foundation. The sale of their business and property came with major tax implications, but by making a registered charity the recipient of their gift of securities, the tax implication was cut in half. “It’s a cost-effective way of supporting a charity,” Elaine told us.
The donated shares will continue to appreciate in value, and that profit will go directly to support the vital work of the hospital, since registered charities do not pay income tax.
Why donate securities?
When you sell an appreciated stock or mutual fund (one that has increased in value since you purchased it), you are required to pay tax on 50% of the capital gain. However, if you donate the securities to charity, you pay no capital gains tax. This makes appreciated stock one of the most cost effective ways to donate to charities, such as Yarmouth Hospital Foundation. It also means that you receive a donation receipt for the full market value of your gift, which results in a non-refundable tax credit that you can use in the year of your gift or carry forward for up to five years: this will reduce your income taxes.Your broker will initiate the actual stock transfer, and by completing this form we will know the gift came from you, allowing us to issue an appropriate tax receipt for your donation. The amount of the donation will be valued on the close of the business the day the transfer or deposit is made, and the tax receipt will reflect this value.
A gift of securities to Yarmouth Hospital Foundation is a tangible way of helping your regional hospital, supporting purchases of vital equipment and investing in your community.
If you have any questions about Yarmouth Hospital Foundation, the securities transfer process or the impact of your generosity, please do not hesitate to contact our Managing Director, Mary Surette (mary.surette@nshealth.ca or call 902-749-1669).
Thank you, again, for your generous support of health care in the Tri-Counties!
