PUBLICLY TRADED SECURITIES & MUTUAL FUNDS
You can give a gift of Publicly Traded Securities to Campbellford Memorial Hospital Foundation and be taxed on only half of the gain. If you own stocks or mutual funds that have grown in value, you will face a tax bill when you sell them. By donating them directly to Campbellford Memorial Hospital Foundation you can reduce your tax bill by half and make a significant gift at the same time.
How You Benefit from Gifts of Publicly Traded Stocks and Mutual Funds
Opportunity:
There is a time-limited opportunity to make a significant gift.
Tax Advantages:
The charitable tax receipt effectively cancels the capital gains tax owing. By donating your stocks or mutual funds directly to Campbellford Memorial Hospital Foundation you are cutting your tax bill in half.
Reduced Expenses:
You can reduce the cost of making your gift to Campbellford Memorial Hospital Foundation.
Simple and Convenient:
The securities are easy to transfer. Your broker transfers the shares from your account to Campbellford Memorial Hospital Foundation's account.
Recognition:
You and your gift can be honoured during your lifetime.
How does it work?
A donation receipt is issued for the fair market value of the security on the date of transfer. The securities must be transferred to Campbellford Memorial Hospital Foundation and not be sold by you, the donor. The gift will not qualify for the reduced capital gain if the securities are sold and the cash then gifted to a charity.
Please Seek Expert Advice
If you are thinking about transferring assets that have appreciated in value, you should seek expert advice from a tax specialist or your broker. Campbellford Memorial Hospital Foundation strongly recommends professional advice to ensure that your financial goals are considered, your tax situation reviewed, and your planned gift is tailored to your circumstances. For further information, please call our office at 705-632-2014.