Gift of Securities
Give a gift of securities
A smart investment in the MAA means no capital gains tax.
Donating publicly traded securities, including stocks, bonds, futures and options, as well as shares in mutual funds, is a tax-smart way to support medical students with financial need through the MAA.
You will pay no capital gains tax on the appreciated value of the above (which is the opposite of what happens when you sell your stocks and then donate the proceeds). You will receive a tax receipt for the full appreciated value of your donation.
The result is a substantial reduction on your out-of-pocket expense in making this type of donation—and satisfaction in knowing you are strengthening student and alumni support.
The value of your tax receipt will be based on the market closing price on the day the MAA takes legal receipt of your stock or securities into our brokerage account. Claim charitable donations made through the MAA’s investment house up to 75 per cent of your net income. A five-year carry forward on any unused donation amount is permitted.
As with any gift, you may designate the use of the value of the securities—please indicate if you wish a specific MAA designation—or leave the gift unrestricted.
The simple and easy way to make your gift of stock or securities is to have the shares electronically transferred from your account to MAA’s investment house. There is no minimum gift amount.
For more information and help in making a donation of stock and securities to the MAA, please contact the MAA office at (416) 978-0991 or