Many donors support McCormick Home – they want to enhance the lives of the residents and support the Home as their income and circumstances allow. Others want to make a significant donation to McCormick Home and minimize taxes at the same time. A Gift of Stock/Securities helps you do both.

Benefits for You, and McCormick Home

There are many benefits to giving a Gift of Stock/Securities* directly to McCormick Home Foundation. First is the satisfaction of knowing your donation is enhancing the quality of life for residents of McCormick Home and clients of Alzheimer’s Outreach Services of McCormick Home.

Secondly, you benefit directly by not having to pay any capital gains tax on the appreciation of your stock. Depending on the size of your gift, the elimination of capital gains tax can save you thousands of dollars. 

Thirdly, you will receive a tax receipt for the full value of the stock you donate. The charitable tax receipt will help lower your personal income taxes by increasing your income tax credits.

Any way you look at it, the benefits of a gift of stock are tremendous for you and for enhancing the quality of life for McCormick Home residents and Alzheimer’s Outreach Services clients.

(*Publicly listed securities may include: shares, bonds, bills, warrants, futures, units in mutual funds and employee stock option plans. All must be traded on a public securities exchange in Canada, United States and/or other major international exchanges.)

How to Give Your Gift of Stock/Securities

Following these four steps will help you quickly and easily donate your Gift of Stock/Securities to McCormick Home Foundation.

1. Obtain a “Letter of Authorization From Donor to Broker” form, available from the Foundation by calling
519-432-2648 ext. 2318, or by email to: lryckman@mccormickhome.on.ca
or download here
This form is your instruction to your broker to transfer securities to the Foundation.

2. Complete all sections of the transfer form, especially the CUSIP # (which is provided by your broker/investment advisor) and acts like a transaction number in case the transfer needs to be tracked by your broker.  For privacy reasons, your broker cannot disclose your name to us, so please complete the Donor/Client Information, including your daytime phone number.

3. Fax or send the completed transfer form to your broker or investment advisor who will initiate, and be responsible for, the transfer.  Sending the form by mail will delay the start of the transfer process, and may affect the ultimate receipt value.  Please call the Foundation at 519-432-2648 ext. 2318 if you are sending the transfer form by mail.

4. Please Notify McCormick Home Foundation by returning a copy of the completed transfer form.  This step is important because securities are transferred into our account on an anonymous basis.  Notifying us will ensure you receive our thanks, any appropriate recognition, and your official receipt for income tax purposes. 
Transfer forms can be faxed to
519-645-6982,
or send by mail to:
Lynne Ryckman, Director of Development
McCormick Home Foundation
2022 Kains Road
London, ON  N6K 0A8

Additional Information: Your receipt will be valued based on the closing price on the day when the shares are legally transferred to the Foundation’s account at our custodial agent, BMO Nesbitt Burns.  (Note:  Shares are considered legally transferred only when delivery is confirmed by BMO Nesbitt Burns.) McCormick Home Foundation’s policy for the sale of donated securities is that all shares will be sold as soon as possible after they have been received.

Questions? Call McCormick Home Foundation at 519-432-2648 Ext. 2318 or lryckman@mccormickhome.on.ca

Thank You for Supporting McCormick Home.

It’s About People …
It’s About Care …
It’s About People Who Care.