The gift transfer process is easy, with no minimum gift amount. Simply fill out our Securities Transfer Form and take it to your advisor - we'll do the rest!
Your advisor will be able to provide the CUSIP and FINS numbers required on the form and will mail or fax the form to the Foundation on your behalf.
The Foundation sells all donated securities upon receipt into the Foundation's account, with the net proceeds directed to the area of greatest need or to an area of care you designate.
The amount of your charitable tax receipt is determined by the closing price on the day we receive the securities in our account. Please note that with the exception of complex transfers and proprietary funds, all transfers initiated within 30 days prior to the end of a calendar year will be receipted in that same calendar year.
For a personal calculation to learn how a gift of securities may benefit you, contact The Health Foundation:
A gift of securities to The Health Foundation of East Central Saskatchewan, Inc., delivers the best return on your donation you can get!
It’s Tax Effective
When you transfer publicly traded stocks, bonds, futures and options, or shares in mutual funds directly to The Health Foundation, you pay zero capital gains tax (which can be as high as 50 per cent) on the appreciated value . Combined with a charitable tax receipt for the full fair-market value of your securities that offsets your taxable income, the out-of-pocket expense of making a donation is greatly reduced.
For example, if you transfer securities to the Foundation that have a value today of $25,000 (that you purchased for $15,000) and if you were in the top income bracket in Saskatchewan, the gift would generate a tax credit of $11,000. Your savings are also increased by the amount of the capital gains tax that is no longer payable.
Just remember, you receive the tax benefits only if you transfer your securities directly to The Health Foundation. If you choose to sell your securities first and then donate the cash proceeds, you will have to pay capital gains tax.
Of course, the greatest reward your gift will bring is the impact it will have on healthcare. You can direct the net proceeds of your gift of securities to an area of care that is meaningful to you, or to the area of greatest need.
To make a gift of securities, simply fill out our Securities Transfer Form and take it to your advisor – we’ll do the rest!
For more information, contact The Health Foundation at 306-786-0506, email firstname.lastname@example.org, or, speak to our contact at Cornerstone Credit Union, Derrick Larsen. Call him at 306-782-4112 or email email@example.com.