Michael Garron Hospital (MGH) recently suffered a data security incident perpetrated by a cyber threat actor group. While investigations are ongoing, this continues to be a safe place to donate. Mghf.ca is a secure website and our donation pages encrypt donor information to safely transmit it to a third-party database. Learn more.
Two tax savings
Usually, when you sell shares for cash, even if you plan to donate the proceeds to charity, you’re responsible for paying tax on fifty percent of the capital gain. But if you donate the securities directly to Michael Garron Hospital Foundation, you don’t pay capital gains tax.
And, we will give you a charitable tax receipt for the full market value of your contribution (just like a cash gift). Your donation will result in a non-refundable tax credit which you can use to reduce other taxes owing.
Meet Joan
Joan Besen has been donating to Michael Garron Hospital for many years because of the outstanding care that MGH has always provided for her, her family, friends, neighbours, and all of the East Toronto community. She shares a recent example.
“Thanks to the remarkable orthopedics department at MGH, I was able to recover from injuries which had the potential to be permanently life-limiting. The excellent care I received provided me with even further confirmation of how fortunate we are to have this unique and valuable institution in our part of Toronto,” Joan says.
As a long-time supporter of Michael Garron Hospital, Joan used to make annual cash gifts until she learned of the benefits of donating stock.
“When you hear about it at first, it sounds like a fancy, sophisticated thing that might be hard to do, and is probably only for rich people,” she says. “But as my financial advisor has explained to me, it turns out regular people like me can do it as well. I’m not someone who is in a position to do this every year, but when I am, I like to make my donation using stock.”
“Donating appreciated stocks may allow you to donate a larger amount than you might be able to give in cash."
For our stock transfer form or more information, please visit https://www.mghf.ca/ways-give/gift-stocks-and-securities
Michael Garron Hospital Foundation encourages you to consult your own professional advisors to get specific advice regarding your own circumstances, and those of your dependants.
