Donating appreciated stocks is a tax-effective way to make a substantial gift to MDHF.

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 publicly 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 by avoiding the capital gain and receiving a charitable tax receipt (credit) which will offset almost half of your resulting tax bill.

After consultation with your professional advisor, decide which appreciated securities or mutual funds you wish to donate and instruct your broker to transfer these shares electronically to Milton District Hospital Foundation. This scenario works only with the donation of stock directly to MDHF.

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.

You will receive a charitable tax receipt for the closing price of the securities on the date received by the Foundation’s brokerage.

Call Helen Vatistas, 905-876-7018, at the Foundation Office and we will gladly answer all of your questions and work with you and your Financial Planner to help make the perfect giving choice.

 

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MDHF Gift of Securities