Securities and Wire Transfers
The federal government has made it more rewarding than ever to donate the value of listed stocks to charitable organizations. The obligation to pay capital gains tax has been removed.
Previously, a taxpayer who donated eligible shares that had increased in value since their purchase was required to pay tax on 25% of the increased value.
Please note: It is Memorial's policy to sell your donated shares as soon as possible. You will be receipted according to the market price of those shares at the close of business on the day we receive them. The value of the sold shares, which may fluctuate between the time we receive and sell them, will be applied to your preferred area of designation.
If you are interested in donating via wire transfer please call us (709) 689-0292, toll free at 1-877-700-4081 or email firstname.lastname@example.org.
If you would like to speak directly to someone about making a gift to Memorial University, please call (709) 689-0292, toll free at 1-877-700-4081 or email email@example.com.