In the example below, if you gift securities to the George Hull Centre, you avoid paying capital gains tax and therefore you are able to donate the full market value of $5,000. That is a savings of $1,070 in capital gains tax. Additionally, your charitable tax credit is greater by $482 for a total of $2,250 than if you had sold the shares and donated the proceeds as cash.
*Assumes 53.53% individual tax rate.
*Consult your financial advisor to decide which investments make the most financial and philanthropic impact for you.