Mr. & Mrs. Smith gave $200,000 from their stock portfolio to help maintain the Presbyterian church in the small town where they were raised.
Although they were living in the Toronto area, they hadn’t forgotten the church community that nurtured them in their faith. Mr. Smith explains, “That’s where we were both baptized and where we attended Sunday School. Our wedding was there, too. It still has a special place in our hearts.” They had been blessed ﬁnancially and wanted to give back to God and the church.
Giving is an important and deeply rooted part of the Smiths’ faith. As children they saw how intentional their families were about giving. Beautiful memorial stained glass windows were given to the same church from their respective families. The Smiths’ gift will ensure that the congregation will continue to have a vital presence in the community so that future generations of children can grow in faith and God’s love will continue to shine brightly on them through the beautiful stained glass windows!
Gifts of publicly traded securities are a tax-smart way to make a gift to the church. Donors giving publicly traded securities directly to charity, pay no tax on the capital gains while also receiving a donation tax receipt for the full market value of the securities. If your congregation does not have a stockbroker, you can use the services of the PCC’s stockbroker.