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We are pleased to announce a new way to give - through our Family Care Fund!

Donations to the Family Care Fund will be used where your gift is needed most - to buy new medical equipment, upgrade existing equipment and meet other urgent care needs at WDMH. The Family Care Fund supports families just like yours. 

Download a donation form.


    
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Keeping Our Patients Safe

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The Benefits of Donating Share/Securities
Directly to the WDMH Foundation

Many people have benefited from the growth in the value of their investments in stocks and mutual funds over the long term. The donation of some part of these investments to the WDMH Foundation is an excellent way to share your success with your community in a way that really counts.

  • By donating your shares/securities directly to the WDMH Foundation, you can avoid paying capital gains tax and your investment in local health care will be much greater.
     
  • You will receive an official income tax receipt for the value of the shares at market closing on the day the WDMH Foundation receives them.
     
  • The potential tax and other benefits will depend on your individual situation, but here are two examples for demonstration purposes only.
     
  • Note the difference in tax savings by donating directly to the WDMH Foundation, rather than selling the shares/securities and then donating the cash.
     

EXAMPLE 1

                A = Sell shares/donate cash
                B = Donate shares directly

 

 

A    

B    

Fair market value

$10,000

$10,000

Cost basis

$6,000

$6,000

Capital gain

 $4,000

 $4,000

Taxable gain (50%)

 $2,000

 $0

Tax credit (assuming a 46% marginal rate)

$4,600

$4,600

Tax on gain

$920

$0

Tax savings

$3,680 $4,600

Note that the net cost for you to make the $10,000 donation is $6,320 after taxes if you donate cash, but only $5,400 if you donate securities directly.

 

EXAMPLE 2 - A More Detailed Example

If you purchased 100 shares of Bell Canada (BCE) on 1 January, 2009 the cost was $25.11 per share.
If you sold on 30 September, 2015 the sale price was $54.62 per share for a total of $5,462 and a capital gain of $2,951.

Assuming a Marginal Tax Rate for Ontario in 2015 of 46.41% (On Taxable Income from $138,586 to $150,00)

A = Sell shares/donate cash
B = Donate shares directly
 

 

A    

B     

Fair market value

$5,462

$5,462

Cost basis

$2,511

$2,511

Capital gain

 $2,951

 $2,951

Taxable gain

 $1,476

 $0

Tax credit (assuming a 46.41% marginal rate)

$2,535

$2,535

Tax on gain

$685

$0

Tax savings

$1,850

$2,535

Note that the net cost for you to make the $5,462 donation is $3,612 after taxes if you donate cash, but only $2,927 if you donate securities directly.

Please note that the information provided is general in nature and is not intended to be a substitute for professional legal or financial advice. Please seek independent legal and / or financial advice from a professional.

How To Make Your Securities Donation

Please download and complete our Letter of Intent and follow the instructions on the form itself.

Thank you in advance from everyone here at WDMH and the WDMH Foundation.

 

 


    
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