Fisheries and Marine Institute of Memorial University of Newfoundland

The Canadian federal government has made it more rewarding than ever to donate the value of listed stocks to charitable organizations and the obligation to pay capital gains tax has been removed. Please note that it is the University’s policy to sell 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.