Gift of Publicly Traded Securities Helps Congregation Continue Vibrant Ministry
On Sunday, November 20, 2016 – Planned Giving Sunday – Janice Meighan, Development Manager, Stewardship & Planned Giving, presented the proceeds from a gift of securities for $16,292.25 to the Rev. Jacqui Foxall, who accepted the gift on behalf of the congregation of Knox, Oakville.
Here’s what that person, who wants to remain anonymous, had to say about why they made the gift:
“When we walked through the doors of Knox as virtual strangers several years ago, we knew almost instinctively that we were home. Over the years of moving to various towns and cities, we had always attended church and quite frankly we were not in a position to contribute a great deal financially. However I have always been aware that a church was available to us through the efforts of others, in some cases over many generations.
At Knox, the same principles apply – Knox is there for us now. It is evident that for many generations the people of Knox have always seen the need of future generations. By giving to Knox in this way, I, too, want to ensure that Knox not only survives but flourishes as we pass the torch (or dare I say the burning bush) to successive generations, whether it be family, friends or complete strangers we will never know who just opened the door and entered. It is our responsibility at this time to ensure that Knox is never compromised as a place of worship as we continue developing empowered and loving disciples of Christ.”
Gifts of securities can provide an immediate or legacy donation to an area of the church you care deeply about, and you (or your estate) will receive the tax benefit by not paying the capital gains on the appreciated value of the stock as well as receiving a charitable tax receipt for the full value of the donation.
Through Presbyterians Sharing, the national office will handle gifts of securities and other complex planned gifts (annuities, life insurance, charitable remainder trusts) for people wanting to donate to their congregations, PWS&D, Presbyterians Sharing or Gifts of Change, with no administrative fee. Click here to learn more.
If you wish to discuss the various ways you can give, please contact Planned Giving at 1-800-619-7301 or 416-441-1111.