You may consider supporting the Central Northeast Health Foundation with a gift of stock or securities. 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, employee stock options or a unit of a mutual fund trust.
The value of the tax receipt that you will receive upon providing a gift of securities or stock will be based upon the market closing price on the day the Central Northeast Health Foundation takes legal receipt of the same into our brokerage account.
In 2006 the capital gains taxes on publicly traded securities donated to registered charities was eliminated. This new tax benefit often makes securities more attractive than cash as a donation. If you donate publicly traded securities, mutual funds, stock acquired through exercising employee stock options, or other eligible securities, and increase in their value since purchase is not taxable.