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

Kay Stafford Fund Seeks Community Applications
February 11, 2019
QUINTE WEST-BRIGHTON ON. February 15, 2019: While the community lost Kay Stafford more than 22 years ago, she left us with a gift that keeps giving. Year after ...
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Trenton Lioness donate PJ’s to Patients
December 20, 2018
Thank you to Trenton Lioness Club for their donation of PJ’s and Treats to all the patients on the In Patient Wing at Trenton Memorial Hospital. Our Lione...
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ROYAL CANADIAN LEGION DISTRICT “F” donates to Trenton Memorial Hospital.
December 18, 2018
Thank you to the Royal Canadian Legion District “F” for their donation to our Ophthalmology Department at Trenton Memorial Hospital. The continued s...
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