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DONATING GIFTS OF STOCK & APPRECIATED SECURITIES TO THE PRINCESS MARGARET CANCER FOUNDATION IN 2015 What makes Princess Margaret Cancer Center unique in Canada and one of the top five cancer research
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How to fill out donating gifts of stock:

01
Contact the charity: The first step in donating gifts of stock is to reach out to the charity of your choice. They will provide you with the necessary information and instructions on how to proceed.
02
Gather the required documents: Collect all the necessary documents, including your brokerage account statement, the stock certificate or account number, and any relevant contact information.
03
Determine the value: Determine the value of the stock you wish to donate. This can usually be done by referencing the market price of the stock on the day of donation.
04
Complete the necessary forms: Fill out any forms provided by the charity or your brokerage firm. These may include a gift letter or donation form.
05
Deliver the stock: Once the forms are completed, deliver the stock to the designated account or address provided by the charity. This can be done electronically if your brokerage account allows it, or by physically transferring the stock certificate.
06
Obtain a receipt: Ensure that you receive a receipt or acknowledgement from the charity for your stock donation. This will serve as proof of your contribution for tax purposes.

Who needs donating gifts of stock:

01
Donors looking for a tax advantage: Donating gifts of stock can provide donors with potential tax benefits, including deductions for the fair market value of the donated stock, which can reduce the donor's taxable income.
02
Charitable organizations: Charities and nonprofit organizations often rely on donations to support their programs and activities. Accepting gifts of stock allows them to diversify their funding sources and potentially receive larger contributions.
03
Investors with appreciated stock: Donating appreciated stock can be a beneficial strategy for investors who have seen significant gains in the value of their holdings. By donating the stock instead of selling it, investors can potentially avoid paying capital gains taxes while supporting a cause they care about.
Overall, the process of filling out and donating gifts of stock is relatively straightforward and can benefit both the donor and the charitable organization. By following the necessary steps and understanding who can benefit from this type of donation, individuals can make a meaningful contribution to their chosen cause.
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Donating gifts of stock is the act of transferring shares of securities or stocks to a charitable organization.
Individuals or organizations who donate gifts of stock are required to file the necessary paperwork with the IRS.
To fill out donating gifts of stock, donors must provide information about the stock being donated, the value of the stock, and the recipient charity.
The purpose of donating gifts of stock is to provide support to charitable organizations while receiving potential tax benefits for the donation.
Information such as the value of the donated stock, the date of the donation, and the recipient charity must be reported on donating gifts of stock.
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