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Gift of Securities

Invest in sustaining health care on our island and watch your donation pay dividends of health in our community.

Donate securities to the Lady Minto Hospital Foundation and make an impact on your community! When you donate securities, such as stocks, bonds, and mutual funds, you are providing critical funds to the Lady Minto Hospital Foundation to help them provide quality health care to the people of Salt Spring Island. Your donation is 100% tax-deductible and can make a real difference in the lives of local residents. As a bonus, you don’t have to pay tax on any capital gains when you donate securities. Make a difference today and donate securities to the Lady Minto Hospital Foundation.

Increasingly, our donors are taking advantage of the tax incentives announced in May 2006 on donating publicly traded securities to registered charities or foundations. If you have publicly traded shares in your portfolio that would generate a substantial taxable gain if you sold, you can consider donating some of those shares to make your next donation. You will get a tax receipt for the full market value of the shares and there will be no tax to pay on the disposition of the shares. Please contact our office first if you are considering making a gift of shares. The Foundation works with our local Nesbitt Burns office in Ganges to facilitate your donation. Due to the strict confidentiality policy of all banking institutions, we will not be notified of the donor’s name unless he/she contacts us first directly. The key to executing this tax strategy successfully is to make sure you “gift” the securities to a charity or foundation, don’t sell them and donate the cash. Download and fill out the Share Transfer PDF Form to give securities.

To learn more about estate planning considerations, the potential impact of your gift, tax implications and ways we can ensure your gift is recognized, please get in touch.