You may already know that stocks and securities can be donated to McGill to support students and researchers. But did you know that doing so can also result in significant tax savings?
Donating appreciated securities may help you avoid paying tax on capital gains. You’ll receive a charitable tax receipt for the fair market value, and ensure your hard-earned investments are directed to a worthy cause.
U.S. residents: Did you know you may be able to donate directly from your IRA without taking the distribution as income first? To find out if you’re eligible, start with this checklist:
• Will you be 70½ or older this year?
• Will your gift be under $100,000?
• Can your gift be made by December 31, 2022?
• Will you be able to make the gift outright?
If you’re eligible, you may be able to take advantage of this special provision to meet your required minimum distribution and reduce taxable income by transferring a gift to The Friends of McGill University, Inc. from your IRA.
Ever considering supporting McGill by leaving a legacy gift, such as a bequest in your will? If you include the University in your estate plans, please advise McGill's Bequests and Planned Gifts team by contacting them directly, or by completing a Confidential Letter of Intent. Submitting this simple form ensures your intentions are realized, enables you to join McGill's legacy societies, and allows McGill to wholeheartedly thank you for your meaningful gift; we will be honoured to do so.
Support McGill’s Third Century. Leave a legacy gift today.