Cummings Center

GIFT OF STOCKS & SECURITIES

take stock in the cummings centre!

Did you know that Stock donations are a great way to make a donation over $1,000?

After all, not only will you get a tax receipt equal to the fair market value of the shares or funds being donated, you will also avoid paying any taxes whatsoever on the accrued capital gain up to the date of donation.

The Benefits Are Clear:  If you SELL a security, you pay tax on 50% of the capital gain. However, when you DONATE a gift of securities to the Cummings Centre Foundation, the taxable capital gain is completely eliminated.   And you receive a tax receipt for the full market value of the security in the amount of the closing trading price on the day our broker receives the security.  This makes appreciated stock one of the most cost effective ways to donate to the Cummings Centre Foundation.

Contact

For more information, please contact Cathy Simons, Executive Director

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