When you gift publicly traded securities to Niagara Health Foundation, you are supporting our goal of extraordinary care for residents of Niagara in a way that has an immediate impact on you and the Foundation.

By donating publicly traded securities that have increased in value during the time that you held them, you eliminate the capital gains tax you would have to pay if you sold the securities and then donated the proceeds. You will 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 will have the most financial and philanthropic impact. Then ask your broker to transfer your securities to the Niagara Health Foundation by completing the appropriate transfer form. And finally, get in touch and let us know you have made your gift so we can show our appreciation.

Niagara Health Foundation can now provide IRS-compliant tax receipts to US donors through Charities Aid Foundation America (CAF). Make your donation to CAF America and specify that you are designating your gift to Niagara Health Foundation. You will receive a US tax receipt from CAF America, and the funds will flow to Niagara Health Foundation. In addition, you will be recognized as a donor in our usual listings.

Federal Legislation in the 2006 budget gave individuals a far more attractive option to make large-scale donations to charities. Individuals can now sell stock without paying tax while giving a generous gift to Niagara Health Foundation and keeping much of the proceeds from the sale.

Appreciated securities (stocks, bonds or mutual funds) can be donated to charities and sheltered from related capital gains taxes on those securities. The gift receipt issued is based on the value of the securities at the close of business on the day of transfer. Donors receive a tax credit for their gift and have the additional tax incentive to pay no capital gains tax.

Donating appreciated stocks is now the most tax-effective way to make a substantial gift to Niagara Health Foundation, during your lifetime or as part of a legacy gift.

The Canadian Revenue Agency’s online calculator that lets you estimate the amount of tax credit available for eligible donations claimed on an income tax and benefit return for a tax year. However, it does not consider all possible tax situations, so please consult your financial advisor for further details.