Gifts of Stock
Gifts of Stock
A donation of stocks – rather than the proceeds of their sale – supports hospital innovation and offers tax advantages to the donor. Capital gains do not apply if you donate stocks directly, and you’ll receive a tax receipt for their full value.
We thank you for your commitment to supporting exceptional health care close to home. The following example illustrates the benefit of a gift of securities as a charitable contribution compared to selling stock and donating the cash:
|Sell securities and donate cash||Gift securities transferred directly to Osler Foundation|
|Fair market value of security (a)||$40,000||$40,000|
|Cost base (b)||$8,000||$8,000|
|Capital gain (c) (c=a-b)||$32,000||$32,000|
|Taxable capital gain (c @ 50%)||$16,000||0|
|Tax on capital gain at 46%||$7,360||0|
|Tax credit on donation (a @ 46%)||$18,400||$18,400|
|Net tax savings||$11,040||$18,400|
*The above assumes the gift was made in Ontario at a marginal tax rate of 46%
**The tax receipt would be based on the unit closing price on the day Osler Foundation receives the shares into our broker’s account
Donating stock is as easy as 1, 2, 3
Consult with your lawyer, accountant and/or financial planner to make your decision – they’ll ensure that your donation maximizes your tax advantage.
Then follow the directions below:
- Download the stock transfer form and fill it out.
- Notify Osler Foundation that you wish to donate stock by phoning 905.863.2440.
- Forward a copy of your stock transfer form to your lawyer, accountant and/or financial planner. They will be responsible for transfer of the stock.
Please send the document by email to avoid delaying the transfer process (which may affect the receipt value).
Note: If you are considering a donation like appreciated stock, securities or mutual funds, we encourage you to consult your financial and legal advisers. They will ensure your donation suits your personal circumstances to maximize your tax advantage.
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