What you need to know about donating shares
Simple. Efficient. Concrete.
Do you own shares, mutual funds, bonds and other securities and wish to donate them to the HMR Foundation?
A donation of shares allows you to avoid paying income tax on the taxable portion of your capital gains. However, in order to benefit from this tax credit, the securities must be transferred directly to the HMR Foundation without selling them. An income tax receipt for 100% of the fair market value of the securities will be issued to you on the day they are directly transferred to the HMR Foundation account. The transfer can be done electronically.
What types of securities can I donate?
- Shares
- Savings bonds
- Mutual funds
Donating shares is a beneficial option from a tax standpoint as well as being profitable for the organization!
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