By donating appreciated stocks and/or Mutual Funds you pay no tax on the capital gains and receive a tax receipt for the fair market value of the securities. Your donation to University Hospitals Kingston Foundation (UHKF) can potentially make a larger impact at a lower after-tax cost, making this an efficient and strategic way to support patients and clients receiving care through Kingston Health Sciences Centre (KHSC) and Providence Care while also optimizing your financial planning.
Why Choose UHKF?
Every patient deserves a fighting chance — and your Stocks and or Mutual Funds can help make that possible.
A gift to UHKF through securities is more than a donation; it’s a commitment to the future of care, research, and innovation. Your generosity ensures that the more than 650,000 people across southeastern Ontario who rely on KHSC and Providence Care receive expert care, treatment, comfort, and hope — close to home.
Whether you’re honouring a loved one, giving back, or simply believing in a healthier tomorrow, your thoughtful gift will echo for generations.
If you have a portfolio of securities that have increased in value since you purchased them, it may be more advantageous for you to make your charitable gifts with these assets rather than an outright gift of cash.
Your gift will leave a larger impact; there’s never been a more meaningful time to give.
Donating Securities
To qualify for the exemption of tax on capital gains, you must arrange for an “in-kind” transfer of the securities. To arrange for the electronic transfer of assets from your investment account to the charity’s account, use your online, self-directed account or ask your financial advisor. UHKF’s “Gift of Publicly Traded Securities” form.
Gift of Publicly Traded Securities.
Please inform UHKF when your gift has been initiated. Once ownership has been transferred, you will receive a donation receipt based on the closing fair market value of the securities on the day they are received in UHKF’s brokerage account.
Gift of Stock Options
A gift of stock options, like a gift of appreciated securities, is a worthwhile alternative to a cash gift. By donating stock options within 30 days after exercising in the same calendar year, donors receive a charitable tax receipt for the fair market value of the donation and eliminate the tax liability related to exercising the options. You can instruct your employer’s broker to exercise your stock options and donate the profits.
Legacy Giving
When planning your estate, you may choose to make a specific bequest of designated shares or a percentage of your portfolio to charity through your will. Or you can empower your estate trustee to select the assets with which to fund your gift to charity. The listed securities with the largest capital gain can then be selected to maximize tax savings. Your estate will receive a charitable tax credit for the fair market value of your gift, and the taxable gain will be zero percent.
If you are considering a gift of securities in your estate plans, please speak with your financial advisor about how your gift of securities can be maximized without exceeding the income available from your estate. Also, please contact UHKF to help ensure your intentions are clearly defined.
Example
Here’s a simplified example that illustrates the benefit of directly gifting securities as opposed to selling the shares and then donating the cash.
Your gift has the ability to touch the lives of many patients, residents, clients, caregivers and family members and can continue to do so for years to come.