Gifts of stock and securities

Gift of stocks and securities

Donating appreciated stocks and securities is a way to make an investment in the health and well-being of our community, while providing you with a tax benefit.

It’s a meaningful way to make a significant donation to Michael Garron Hospital, either as an outright gift during your lifetime or as part of a legacy gift. And it demonstrates your commitment to ensuring that our East Toronto community remains healthy, vital and strong. 

Donating your securities directly through Michael Garron Hospital allows you to donate the full value, and results in a charitable tax credit that you may be able to use to offset other income.

Usually, when you sell shares for cash, even if you plan to donate the proceeds to charity, you’re responsible for paying tax on 50 percent of the capital gain. But if you donate the securities directly to Michael Garron Hospital Foundation, you don’t pay capital gains tax.

How it works:

Here’s what the tax advantage could look like if you donated the share directly to Michael Garron Hospital Foundation, versus selling the share and then donating the cash proceeds.

 

Sell shares and donate cash

Donate shares directly

Charitable donation receipt 

$10,000

$10,000

Tax credit/savings on gift (at 45%) 

$4,500

$4,500

Capital gain ($10,000 - $4,000)

$6,000

$6,000

Taxable portion of gain 

$3,000 (50% x $6,000)

$0 (0% x $6,000)

Tax on gain (at 45%)

$1,350

$0

Tax credit / savings on gift

$4,500

$4,500

Capital gains tax paid

$1,350

$0

Net tax savings $3,150 $4,500

You gain $1,350 in tax savings when you donate shares directly to Michael Garron Hospital Foundation versus selling your shares and donating the cash. 

Ready to get started?

Start by consulting with your financial advisor to decide what makes most sense for your financial and philanthropic goals. Then complete the transfer form and ask your broker to transfer your securities to Michael Garron Hospital Foundation.

Once you’ve made your gift, let us know so that we can show our appreciation.  

Resources:

Gifts of securities transfer form

CRA Charitable Registration Number

119259448RR0001

Organization name:

Michael Garron Hospital Foundation

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Contact
Name
Chris Pipka
Job Title
Manager, Finance
Email