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How to Donate
How to Donate
South Huron Hospital Association Staff and Physicians are dedicated to providing quality healthcare and services to our community. The Hospital Board, Foundation and Auxiliary are committed to ensuring the Staff and Physicians have the necessary equipment and technology to provide such
care and services.

Ways of Donating:
Cash Gifts
Make a one time gift, donate online, over the phone, in person or by mail. Tax receipts are issued to donations of $10 or more

Memorial Gifts
Are a wonderful way to honour the memory of a deceased friend or loved one. As with all donations, memorial gifts may be unrestricted or designated to the area of your choice.

Planned Gifts
Planned gifts are becoming an increasingly popular way to leave a lasting legacy. Bequests made through your will, and special gifts by other methods such as life insurance or charitable trusts will help patients for years to come.

Pledges
Pledges are an easy, convenient and cost effective way for you to make monthly or yearly contributions and help patients receive safe, quality care with up-to-date equipment and facilities.

Tribute Gifts
Tribute Gifts are also encouraged by the Foundation. Honour an anniversary, birthday, retirement or any other special occasion with a donation. The Foundation will send a notification of your gift to the individual you are honouring.

Security Gifts
Donating publicly traded stock and securities is a tax-smart way to support South Huron Hospital Foundation. You will receive a tax receipt for the full appreciated value of a donation of publicly traded stock or securities and as of May 2, 2006, you will not be subject to any capital gains tax.

Eligible securities include 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 simplest way to make your gift of stock or securities is to have the shares electronically transferred from your account to South Huron Hospital Foundation’s account. A member of the Foundation board will help guide you through the process and provide any necessary information. The receipt value will be based on the closing trading price on the day South Huron Hospital Foundation receives delivery of the shares. As with any gift, you may designate the use of the value of the securities or leave the gift unrestricted.

 

Benefits of making gifts of stock and securities:
• Capital gains tax on publicly listed stocks and securities are exempt on gifts made as of May 2, 2006, when you donate your shares to South Huron Hospital Foundation rather than selling and donating the proceeds (see example below)
• Value of your tax receipt will be based on the market closing price on the day SHHF takes legal receipt of your stock or securities into our brokerage account.
• Claim charitable donations up to 75% of your net income. A five year carry forward on any unused donation amount is permitted
• Designate your gift to the hospital to an area that meets your interest, such as a certain piece of equipment or a specific department

The following example shows how donating securities directly can produce higher net tax savings than selling the same securities and donating the proceeds.

 
Sell Shares & Donate Cash
Donate Shares Directly
Fair Market Value

$10,000

$10,000
Cost Basis
$2,000
$2,000
Capital Gain
$8,000
$8,000
Taxable Gain
$4,000
$0
Tax Credit (at 46%)
$4,600
$4,600
Tax on Gain (at 46%)
$1,840
$0
Tax Savings
$2,760
$4,600
 
 
 
 
24 Huron St. W., Exeter Ont., N0M 1S2 Canada
Phone: 1-519-235-2700 | Fax: 1-519-235-3405 | shha.foundation@shha.on.ca