Belmont House Foundation



Gifts of Appreciated Stock


Here is a tax-smart way of giving that may be perfect for you.


The 2006 Federal Budget made contributions of stocks more tax-effective than ever before. In fact, all donations of stocks and securities to Belmont House are fully exempt from capital gain tax.

 

An Illustration of Gift of Stocks and the Benefits to You :

 

Assuming 46% Tax Rate

Gift Shares Directly      to Charity

Sell Stock and Give Total Cash Proceeds From Sale to Charity

Market value

$ 10,000

$ 10,000

Cost basis

$ 2,000

$ 2,000

Capital gain ($10,000-$2,000)

$ 8,000

$ 8,000

Taxable capital gain (50% of $8,000)

$ 0

$ 4,000

Tax due on gain (46% of $4,000)

$ 0

$ 1,840

Donation tax credit (46% of gift to charity - see below)*

$ 4,600

$ 4,600

Net tax savings to donor (tax credit less tax due)**

$ 4,600

$ 2,760

Gift to The Belmont House Foundation*

$ 10,000

$ 10,000

 

1. Notify us of the number of shares and the name of the stock being donated by contacting the Belmont House Foundation at 416-964-9231 ext. 238 or dmcgonegal@belmonthouse.com


2. Contact your broker or investment advisor to request the transfer of stock and provide him or her with the following information:

 

The Belmont House Foundation Broker:

Shelagh Finlayson (416.842.7243)  
at RBC Dominion Securities Inc.

FINS number (if Canadian securities): T002
CUID Number (if Canadian securities): DOMA
DTC Number (if US securities): 5002
Belmont House Foundation account number: Belmont House Foundation, 421-42145-1-4

 

Download and complete the Transfer of Shares Form


Your broker will then have all the information to transfer the stock into our account.


3. Once the transfer is complete, we will contact you to confirm the amount of the charitable tax receipt.