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Publicly traded stock and securities are exempt from capital gains tax when you donate your shares to Hennick Bridgepoint. You'll also receive a charitable tax receipt, which can reduce the income tax you pay.
Consult a qualified financial advisor to determine how to make a donation that balances your finances with your charitable goals.
You'll need this information:
Your receipt will be valued on the closing price on the date when the shares are legally transferred to the Foundation's account at our custodial agent, BMO Trust Company, and accepted by the Foundation. Shares are considered legally transferred only when delivery is confirmed by our custodial agent.
It is our practice to sell all donated securities as soon as they have been received.