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planned giving and trust ser vices
Larry’s Campmeeting Gift
Campmeeting was coming, and each year Larry gave an evangelism of-
fering to the Lord. This year he wanted to give more. Puzzled over
what he could do, he remembered some good ideas in George’s Tree. 1
Looking through his copy, he came to the section “Listed Securities
Gifts.” That’s it; I am going to give some of the shares I own, thought
Larry. Larry learned he should not sell his shares to make his donation;
rather, he should transfer his shares directly to his local conference. He
contacted his stockbroker and the conference’s Planned Giving direc-
tor for assistance, and to be sure of Canada Revenue Agency approval.
The fair market value of Larry’s donated shares was about $4,000
and they cost $2,000. The difference was a Capital Gain of $2,000. If
Larry had sold his shares before donating them, half of this gain,
$1,000, would have been taxed at a 50% rate, resulting in a Capital
Gains Tax of $500. However, since Larry transferred his shares to a
Registered Charity instead of selling them, he had no Capital Gains
Tax to pay. He could use the tax receipt from the conference to help
reduce his other taxes. 2 Larry was pleased he was able to increase his
annual campmeeting gift in such a tax-efficient way. n
Request your free copy of George’s Tree by calling 905-433-0011, ext. 2078, or by emailing firstname.lastname@example.org.
The example here is general in nature and is not meant to take the place of professional financial or legal advice.
Becky When you get to heaven, what
three things do you want to do?
AT THE COLLEGE HEIGHTS CHURCH IN ALBERTA
AND AT CANADIAN UNIVERSITY COLLEGE.
Faye Geates: Visit other worlds; meet people who have provided me with guidance and
support throughout my life; and play an instrument in an orchestra.
Marcia Hill: Sit at the feet of Jesus; sing in the choir; meet family and friends, and have
lots of hugs.
Andlaine Joseph: Sit on Jesus’ lap, and just place my head on His chest and hear his
heartbeat; ask the citizens of the other worlds and the angels about their experience
watching us in our interactions and spiritual struggles; play like a little child with
M M ay 2 013