Did you know that when you sell shares—even to donate the proceeds to charity—a portion will still be taxed? This reduces the impact of your gift.
However, when you transfer ownership of your shares to Trillium Health Partners Foundation to liquidate, the full value of your shares goes entirely to the hospital because no capital gains taxes are paid.
How it Works
Donors advise the Foundation of their intention to donate by submitting a Gift of Shares form online.
Trillium Health Partners Foundation alerts its investment broker regarding the gift’s details (company of shares held and volume of shares donated).
The donor transfers the shares into the Foundation’s account, and our investment broker is instructed to sell them immediately.
Any gains or losses are absorbed by Trillium Health Partners Foundation solely, and are not the donor’s responsibility.
A donation of 500 shares of Corporation INC is donated. The end-of-day unit price is $59.00. The donor had originally purchased the shares for $19.00, resulting in a significant capital gain of $40.00 per share.
The donor’s original investment of $9,500 (500 x $19.00) now generates an official tax receipt for $29,500 (500 x $59.00), which means the donor receives the tax credit for the shares’ gain but doesn’t pay tax on these gains.
Donors do not pay the capital gains tax when transferring shares to the Foundation.
The full value of the donation is received by the Foundation for the hospital.
Donors do not have to go to the trouble or expense of converting the shares into cash—the Foundation processes the transaction.
Gifts of shares are making Trillium Health Partners stronger every day by enabling the hospital to allot the full value of donations directly to the most urgent areas of need, or to an area indicated by the donor.
Trillium Health Partners Foundation is grateful to all our supporters regardless of what method they choose to invest in transformative health care.
>> To make an investment in advanced health care through a gift of shares, please complete our convenient online Gift of Shares form.