You can have a major impact on health care in BC by donating publicly traded securities to VGH & UBC Hospital Foundation.
Gifting securities is one of the most tax-effective ways to give, extending your savings beyond the donation tax credit.
Selling securities from a highly appreciated portfolio could subject you to significant capital gains tax, but when you donate publicly traded stocks, mutual funds, segregated funds or bonds directly to a registered charity like VGH & UBC Hospital Foundation, you benefit from the donation tax credit and the complete elimination of the capital gains tax.
As a result, the combined savings can be quite impressive, with an after-tax cost that could be less than one-half of the gift!
Gifts of securities can be made in any amount and can also be gifted to charity in your will in order to decrease any capital gains that may occur within your estate.
“Every year I’ve got a list of smaller donations that are cash. But if I’m in a position to do so, I donate stock. No question. You’re able to give more, because you’re giving away something that would be taxed otherwise.” – Jim Eccott, Foundation supporter and former board member
Making a gift of securities is simple!
Most securities are held electronically and can be easily transferred from your brokerage account to a brokerage account held by VGH & UBC Hospital Foundation. You will then receive your charitable tax receipt.
For more information, contact:
Charlene Taylor
Senior Associate Director, Gift & Estate Planning
604 875 4917
The information above is not intended as legal or financial advice. We encourage you to consult a qualified Financial Advisor.
