By donating appreciated stocks and/or securities in-kind directly to University Hospitals Kingston Foundation (UHKF), you pay no tax on the capital gains and receive a tax receipt for the fair market value of the stocks and securities. Your donation to 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 stocks and/or 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 stocks and/or 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 have a larger impact; there’s never been a more meaningful time to give.
Donating Stocks & Securities
To qualify for the exemption of tax on capital gains, you must arrange for an “in-kind” transfer of the stocks and/or 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 stocks and/or securities on the day they are received in UHKF’s brokerage account.
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 stocks and/or 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 stocks and/or securities in your estate plans, please speak with your financial advisor about how your gift of stocks and/or 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 stocks and/or securities as opposed to selling the shares and then donating the cash.
The example above uses the Ontario federal and provincial combined tax rate (2024). This example is for information purposes only, and it is not intended as professional advice. Please contact your professional advisor regarding your personal financial position.
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.