Gifts of Stock

Your gift can help a patient in need right now. From the ER to the OR, from cardiac care through cancer treatment, your donor dollars make a difference in our patients’ lives. Your donation is proof of your commitment to health care, and we are deeply appreciative.

Tax advantages of gifts of stock

If the gift you have in mind is stocks, you might be interested to know this: a donation of stocks – rather than the proceeds of their sale – offers tax advantages to you. No capital gains apply if you donate stocks directly, and you’ll receive a tax receipt for their full value.

The following example illustrates the benefit of a gift of securities to make a charitable contribution vs. selling stock and donating the cash:

  Sell securities and donate cash Gift securities transferred directly to Osler Foundation
Fair market value of security (a) $40,000 $40,000
Cost base (b) $8,000 $8,000

Capital gain (c) (c=a-b)

$32,000

$32,000
Taxable capital gain (c @ 50%) $16,000 0
Tax on capital gain at 46% $7,360 0
Tax credit on donation (a @ 46%) $18,400 $18,400
Net tax savings $11,040 $18,400

*The above assumes the gift was made in Ontario at a marginal tax rate of 46%
**The tax receipt would be based on the unit closing price on the day Osler Foundation receives the shares into our broker’s account

Donating stock is as easy as 1, 2, 3
First, consult with your lawyer, accountant and/or financial planner when making your decision – they’ll ensure that your donation maximizes your tax advantage. Then follow the directions below:

  1. Download the stock transfer form and fill it out.
  2. Notify Osler Foundation that you wish to donate a stock by phoning 905.863.2440.
  3. Forward a copy of your stock transfer form to your lawyer, accountant, and/or financial advisor. They will be responsible for the transfer of the stock.

Please note: stock transfer forms sent by post mail will delay the start of the transfer process and may affect the ultimate receipt value. Please consider faxing or scanning the document to send by email.

Note: If you are considering a donation like appreciated stock, securities or mutual funds, we encourage you to consult your own financial and legal advisors. They will ensure your donation is tailor made to your personal circumstances to maximize your tax advantage.

For more information, please contact Angela Molinari, Manager, Planned Gifts, 416.494.2120 ext. 32191 or angela.molinari@williamoslerhs.ca.