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. |
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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 |
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