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Gifts of Stocks & Securities

The federal government has made it more rewarding than ever before to donate the value of listed stocks to charitable organizations.

The obligation to pay capital gains tax has been removed.

Previously, a taxpayer who donated eligible shares that had increased in value since their purchase was required to pay tax on 25 per cent of the increased value.

Take the example of a donor who wants to make a scholarship gift to Memorial and does so with a gift of publicly traded stocks. If the stocks were purchased for $400 but have a current market value of $1,000 (Altum Society level), then Memorial will issue a receipt for $1,000. This results in a $486.00 donation tax credit (when using the top marginal tax rate of 48.6 per cent).

For further information on how you could support Memorial with a stock gift, please contact:

Darcy McMeekin
Development Officer
School of Nursing
Memorial University of Newfoundland
St. John's, NL
Canada A1C 5S7
mcmeekin@mun.ca
tel. (709) 777-8977
fax. (709) 777-7044

*All donations to Memorial University are tax deductible
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