When you donate stock to the Health Services Foundation, you avoid paying tax on your capital gains. So, the gift costs you less than if you were to sell your stocks in order to give cash; and the Foundation, representing your local hospital, still receives the full amount of your donation.
For example, if you were to sell shares to give the Foundation a cash donation, you would receive a donation tax credit but you would be required to pay tax on half of your capital gains. If you were to donate the shares directly to the Foundation you would receive the same tax credit for the value of the shares but wouldn’t pay any tax on the transaction.
Seek the advice of your financial planner or investment advisor to determine the best option for you.
Life Insurance Policies, GCIs, mutual funds can also be donated.
Through the gift of securities, you can help South Shore Regional and Fishermen’s Memorial Hospitals be here for patients and their families when it matters most.
Use the fillable charitable donation form, here: