Stocks & Securities

Changes announced in the 2006 Federal Budget make it much more attractive to donate gifts of stocks, bonds, mutual funds, bills, futures and other publicly-traded securities to the Trenton Memorial Hospital Foundation. Effective immediately, the Federal Government has eliminated capital gains taxes on all gifts of publicly-traded securities to public charities, including the TMH Foundation. Note that the donation must be an “in kind” transfer of the security itself, not the cash proceeds from the sale of the security. Such a transfer is easily made electronically from your investment account to the TMH Foundation brokerage account.

The TMH Foundation will issue a tax receipt for the market value of the gift on the day we receive your security donation in the TMH Foundation brokerage account. Also effective immediately, owners of employee stock options may gift public charities of the proceeds of an exercise without incurring capital gains. Again, the TMH Foundation will issue a tax receipt for the market value of the gift on the day we receive the gift.

Why donate securities?

The federal capital gains tax has been eliminated on any publicly-traded equities (i.e. stocks, bonds, mutual funds, bills, futures and warrants) that are donated “in kind”. It has been eliminated effective May 2, 2006. You increase your current after-tax cash flow. If you have appreciated stock and charitable intent, you may wish to use this new incentive to receive the satisfaction of contributing a significant gift which will benefit over four million Canadians living with arthritis.

LATEST FOUNDATION NEWS

THANK YOU!!!! Amanda Lorbetski
August 30, 2018
Thank you, Amanda for your hard work and kind donation of preemie and baby hats for our hospitals. They will keep many precious little ones comfy and cozie. We ...
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Bell Employee Giving Program – Volunteering for Your Community
August 23, 2018
THANK YOU TO OUR VOLUNTEER “HOWIE KNAPMAN”  who has been volunteering for Trenton Memorial Hospital Foundation for well over 25 years.   OUR TH...
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Woodbeck Auto Parts ‘Donate Your Old Car’ Campaign
June 5, 2018
June 5, 2018 – Woodbeck Auto Parts of Stirling, Ontario announced the start of their, ‘Donate a Car Campaign’ today. The two-month campaign signifies thei...
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