Gift of Stock/Securities
Benefits for You and McCormick Home Foundation
There are many benefits to giving a Gift of Stock/Securities* directly to McCormick Care Foundation. You benefit directly by not having to pay any capital gains tax on the appreciation of your stock. Depending on the size of your gift, the elimination of capital gains tax can save you thousands of dollars.
You will receive a tax receipt for the full value of the stock you donate. The charitable tax receipt will help lower your personal income taxes by increasing your income tax credits.
(*Publicly listed securities may include: shares, bonds, bills, warrants, futures, units in mutual funds and employee stock option plans. All must be traded on a public securities exchange in Canada, United States and/or other major international exchanges.)
How to Give Your Gift of Stock/Securities
Following these four steps will help you quickly and easily donate your Gift of Stock/Securities to McCormick Care Foundation.
or download here This form is your instruction to your broker to transfer securities to the Foundation.
2. Complete all sections of the transfer form, especially the CUSIP # (which is provided by your broker/investment advisor) and acts like a transaction number in case the transfer needs to be tracked by your broker. For privacy reasons, your broker cannot disclose your name to us, so please complete the Donor/Client Information, including your daytime phone number.
3. Fax or send the completed transfer form to your broker or investment advisor who will initiate, and be responsible for, the transfer. Sending the form by mail will delay the start of the transfer process, and may affect the ultimate receipt value. Please call the Foundation at 519-432-2648 ext. 2318 if you are sending the transfer form by mail.
4. Please Notify McCormick Care Foundation by returning a copy of the completed transfer form. This step is important because securities are transferred into our account on an anonymous basis. Notifying us will ensure you receive our thanks, any appropriate recognition, and your official receipt for income tax purposes.
Transfer forms can be faxed to
or send by mail to:
Lynne Ryckman, Director
McCormick Care Foundation
2022 Kains Road
London, ON N6K 0A8
Your receipt will be valued based on the closing price on the day when the shares are legally transferred to the Foundation's account at our custodial agent, BMO Nesbitt Burns. (Note: Shares are considered legally transferred only when delivery is confirmed by BMO Nesbitt Burns.) McCormick Care Foundation's policy for the sale of donated securities is that all shares will be sold as soon as possible after they have been received.