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

GREAT START FOR DIAGNOSTIC CAMPAIGN
April 11, 2018
QUINTE WEST Wednesday, April 11, 2018: Members of the Trenton Memorial Hospital Foundation Board, along with management of Quinte Health Care, were on-hand toda...
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TMHF Celebrating Caribbean Nights Gala
April 6, 2018
Quinte West, ON: Warm breezes off the water, the scent of tropical flowers, romantic music and drinks with paper umbrellas in them conjure up an evening to be r...
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A LASTING HEALTH CARE LEGACY
February 15, 2018
QUINTE/BRIGHTON REGION. February 15, 2018: With a gift of $1.2 million, the Kay Stafford Memorial Fund has now awarded grants to more than 70 local community gr...
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