A Tax-Smart Way to Give
Making a donation with publicly listed stock and securities is a tax-smart way to support McMaster Divinity College. You will receive a tax receipt for the full appreciated value of your gift, and you will not be subject to any capital gains tax. The simplest way to make your gift is to request that the shares be electronically transferred to the College’s account.
What is eligible?
Shares, debt obligations or rights listed on a prescribed stock exchange, a share of the capital stock of a mutual fund corporation, a unit of a mutual fund trust, an interest in a related segregated fund trust, or a prescribed debt obligation. The receipt value will be based on the closing trading price on the day that McMaster Divinity College receives delivery of the shares.
What are the benefits?
As with any charitable donation, you may designate your gift to the area that is the most meaningful for you – and you may also provide an unrestricted donation to support the College’s greatest needs.
You can donate during your lifetime and receive a substantial tax benefit. You can also make a provision in your will, which can result in significant tax savings for your estate, as it will be exempt from the capital gains tax.
With a little planning, you can have a meaningful impact on the area of your choice at McMaster Divinity College, while achieving tax savings during your lifetime and/or through your estate.
Gifts of stock and securities can be combined with other forms of future giving to establish a lasting legacy for generations to come at McMaster Divinity College.
These gifts are important sources of present and future income for MDC, which allows the College to plan ahead for years to come.
Further Information
We will be pleased to provide you with more detailed information on how to electronically transfer mutual fund shares, as well as stocks and securities traded on either Canadian or US stock exchanges.
Contact John Steadman at steadmanj@mcmaster.ca or 905.525.9140 x23325 for more information.
Legal Name: McMaster Divinity College
Charitable Registration Number: 11903 5970 RR 0001
Primary Address: McMaster Divinity College, 1280 Main Street West, Hamilton, ON L8S 4K1, Canada