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A gift of shares of a publicly traded company to the Shrine can have several financial benefits including opportunities of substantially reducing personal income taxes.
Donating publicly traded securities (stocks and mutual funds ) that have appreciated in price can be very advantageous. When you donate to the Martyrs' Shrine, there is no capital gains tax on any gains from the sale of these securities. You have the double advantage of receiving a much larger tax credit and the amount of the donation is larger because the amount that would have otherwise been payable to the Government for taxes is donated to the Martyrs' Shrine.
Please down load and print the Donations_of_Securities_Form.pdf
For more information please contact your securities advisor and The Martyrs' Shrine office at 705-526-3788.
All calls are confidential.
This information provided is general in nature, does not constitute legal or financial advice, and should not be relied upon as a substitute for professional advice. We strongly encourage you to seek professional legal, estate planning and/or financial advice before deciding upon your course of action.