Transfer of Securities
Support leading-edge research and patient care while saving on taxes
Donating publicly traded stock to the Collingwood General & Marine Hospital Foundation is a smart way to make a charitable donation and eliminate any tax on the capital gain. This means you can support leading-edge research and patient care while saving on taxes.
Benefits of a Gift of Securities:
- Elimination of the capital gain plus the donation tax credit
- Preferred tax treatment, allows you to make a larger gift than you may with cash
- Gift can be made today or in the future through your estate
- Satisfaction of knowing your gift will make a significant impact on healthcare needs in your community
A Sample Scenario
Be sure to speak with your financial advisor to see how this
applies to your portfolio.
| Sell securities and donate the after-tax proceeds. | Donate Securities to CGMHF | |
|---|---|---|
| Original Cost of Securities | $1,000 | |
| Current Market Value | $5,000 | $5,000 |
| Capital Gain | $4,000 | $4,000 |
| Tax on Capital Gain | $920 | $0 |
| Donation Amount After Tax | $4,080 | $5,000 |
| Charitable Tax Credit | $1,877 | $2,300 |
Learn more about the applicable rules regarding tax donations to charitable organizations.
We’re here to help.
For more information about donating securities now or in your estate contact Jory Pritchard-Kerr at 705-444-8645 or [email protected]
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“CGMH is a place of caring individuals. And even though we are a small town we have so much great expertise here. People should have great confidence in our hospital.”
Mark and Jane Palmer
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“I have been very lucky in life and I am more than pleased to repay some of that to support our hospital to allow them to continue to improve and serve our community.”
Art Church – Grateful Patient
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“This is a small hospital, and they do a great job at staying on top of technology, attracting good surgeons and a great healthcare team. I think our hospital has a lot to offer, and this is part of the reason why we think it is important to donate, and we hope others will do so as well.”
Paul and Karen Jackson
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“I am living life to the fullest, enjoying retirement, and I couldn’t be happier. To say that Dr. Cheng’s involvement in my care was life-changing truly is an understatement. I will forever be grateful to her.”
Anna Drazenovic
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