Have you ever thought of a gift of shares?
“A gift of shares is a win-win situation; both for the Children’s and for us.”
Dr. David McGillivray, a Children's Foundation donor.
After becoming the Canadian Men’s figure skating champion in 1970, David McGillivray accomplished other great feats: he studied medicine and eventually took over the helm of the Montreal Children’s Emergency Department.
During Dr. McGillivray's 22-year tenure, he helped emergency medicine become a recognized subspecialty of pediatrics. Following his retirement, he and his husband, Gregg Blachford, made a legacy gift to the Children's Foundation to help grow pediatric research in the hospital's Emergency Department. In 2017 and 2018, the couple donated shares to the Children's Foundation to increase their investment.
Giving a gift of shares is a process accessible to all donors who invest in the stock market. It is a tax-smart way to give. The donor gets double the tax benefits by eliminating the capital gains tax and receiving an income tax receipt for the full value of the donated shares. “We obviously consulted with our accountant but as investors we felt the Foundation's guidance really helped us navigate through the process,” said Dr. McGillivray.
As a result of their gifts, the Montreal Children's emergency research is having an impact on how emergency doctors treat children. “I am delighted to contribute to critical research in pediatric emergency medicine.”