Gift of Securities
A gift of securities offer attractive tax benefits in addition to helping Burnaby Hospital. There is now a way for individuals to: sell stocks without paying tax; make a generous gift to Burnaby Hospital Foundation; and keep much of the proceeds from the sale. It’s great news for donors and for our community!
Now, appreciated securities (stocks, bonds or mutual funds) can be donated to charity, and be sheltered from any related taxes on the capital gains of 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 of paying no tax on capital gains. Donating appreciated stocks is now the most tax-effective way to make a substantial gift to Burnaby Hospital Foundation during your lifetime or as part of a legacy gift.
To donate a gift of securities, call Sylvia Zylla, Director Major Gifts & Planned Giving at 604.431.2804.