Stocks & Securities

Gifts of Stocks and Securities 

To encourage charitable giving, the Government of Canada eliminated the capital gains tax on the charitable donation of publicly traded securities offering individuals an attractive option to make donations to charity.

If you own publically traded securities or mutual funds that have increased in value, you may want to consider donating these securities to Milton District Hospital Foundation.  The benefit of this plan is two-fold; fulfill your wish to make an important gift and then reward yourself by maximizing your tax benefits.

It’s simple.  Decide which appreciated securities or mutual funds you wish to donate and instruct your broker to transfer shares electronically to Milton District Hospital Foundation. You will receive a tax receipt for the closing price of the securities on the date received by the Foundation’s brokerage account. Remember, this scenario works only with the donation of stock directly to MDHF.  Please take time to review this option with your financial planner and together we can change the future of our hospital.

Contact us in advance and we will provide the necessary information to help facilitate a smooth and prompt transfer.  Click here for the Letter of Authorization to Transfer Shares to Milton District Hospital Foundation for your broker.

Call the Foundation Office at 905-876-7014 and we will gladly answer all of your questions and work with you and your Financial Planner to help make the perfect giving choice.