Why Donate Securities?
When you make a gift of securities to SickKids, you’re joining the fight for healthy children in a way that has immediate impact. By donating publicly traded securities, you eliminate the capital gains tax that you’d have to pay if you sold the securities and then donated the proceeds. You’ll also receive a charitable tax receipt for your donation.
Securities can include stocks, mutual funds, segregated funds, bonds, flow-through shares, and employee stock options. You can give now, or as part of your estate and will planning.
Giving is simple. Consult your financial advisor to decide which investments make the most financial and philanthropic impact. Then ask your broker to transfer your securities to the SickKids Foundation by completing the appropriate transfer form. And finally, get in touch and let us know you have made your gift so that we can show our appreciation.
In the 2023 federal budget, legislative changes were proposed to the alternative minimum tax (AMT) that will affect individuals and trusts. The legislation, coming into effect in 2024, may affect the tax credits associated with charitable donations including gift of appreciated securities, stock options, and flow-through shares. If you would like to learn more, please click here.
Should you have any questions, please reach out to Colin Hennigar at Colin.Hennigar@sickkidsfoundation.com or 416-813-1211.
