Kam Shah, a long-time donor to SHN Foundation since 2017, knows that giving to his Scarborough hospitals helps the community he, his wife, and his parents call home. He’s no stranger to giving back and regularly supports many Scarborough organizations.

“I like to give back where I’m involved and I know my donations will have great impact,” says Kam. “I know that by supporting SHN, I am supporting world-class healthcare in Scarborough. I’m encouraged by all of the milestones SHN has achieved over the last few years, and want to continue to be part of this great progress.”

Kam regularly donates to SHN through gifts of securities, which can include stocks, bonds, mutual funds, or other securities. As a retired Certified Professional Accountant (CPA), Kam also knows there are unique financial benefits to this way of giving.

“As a CPA, I was aware of the benefits I get when donating stocks rather than cash,” Kam explains. “Not only are the capital gains on stock not taxable if gifted to a charity, but you also get the stock’s fair market value as the donation value, which you can claim on your tax return.”

Still, the tax benefits aren’t the reason he donates. Kam and his wife, Rajul, give to SHN because they believe in giving where they live. His parents and his wife have relied on SHN’s three hospitals over the years, and his contributions ensure that Scarborough’s hospitals can continue caring for the community long into the future.

To learn more about giving through gifts of securities, and how you can transform those assets into a gift that helps strengthen healthcare in Scarborough as part of a tax-smart donation strategy, visit our Gift of Securities page or contact Andres Escobar, Senior Development Officer, Leadership and Planned Giving at aescobar1@shn.ca