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Securities & Stocks

A gift of securities is a simple way to make a meaningful gift to the IWK, and it can have tax benefits for you as the donor.

When you donate publicly traded securities, you eliminate any capital gains taxes you would have to pay if you were to sell the security and donate the proceeds. In addition, you receive a charitable tax receipt for the full amount of your donation.

Donating securities

Making a stock donation can be done in three easy steps. Download the Gifts of Securities form to get started.

Donating securities is a straightforward process and our Foundation team will work with you to complete the transfer. Please read instructions carefully.

  1. Contact your investment advisor who will have you sign a letter of direction outlining the shares that you wish to donate.
  2. The transfer will be processed by your investment advisor's head office.
  3. The Foundation will send you an acknowledgement of your donation with a tax receipt to follow.

Information for your investment advisor:

Institution: CIBC Mellon Global
Account Name: IWK Health Centre Foundation
CUID: COMO
CMS A/C # IWEF1001002
CUSIP # Of security being donated

To ensure a precise and timely transfer, please have your advisor email a copy of your signed instructions to:

CIBC Mellon and Gena Walton, IWK Foundation, Manager, Finance & Operations

Mutual Funds

We cannot guarantee that Mutual Fund Donations will be processed in time to receive a 2019 income tax receipt if a letter of direction has not been sent to us by the week of November 18, 2019.

Please note our Mutual Fund dealer is now RBC Dominion Securities. If you wish to donate Mutual Funds, please contact Gena Walton, IWK Foundation Manager, Finance & Operations, to request the new direction of transfer letter. This letter will need to be completed with your broker or investment representative.

Questions?

We are happy to answer any questions you might have. Please call us at (902) 470-8085 or 1-800-595-2266.