ࡱ> fdg#` bjbj A.%8, $.<R"ttt777.......$0hk2z(.37(.tt=.jjjXtt.j.jjr(T)t0 p).S.0.)3Z3))&3,,7|jad777(.(.X777. $  Growing As Gods Stewards An Invitation To Legacy Giving Through a gift of Listed Securities Anglican Diocese of Ottawa  Discovering the Spirit of Mission: Living the Year of the Lords Favour (Luke 4:19) Gifts of Publicly Traded Securities A charitable gift of publicly traded securities such as stocks, bonds and mutual funds made directly to your church, either now or as a bequest in your will, offers significant income tax savings which can reduce the actual cost to you of such a charitable gift. Direct gifts of such securities result in no taxable capital gain compared to a taxable capital gain of 50% if sold and the funds donated. Planning Opportunities With Listed Securities When its time to sell You may own securities you dont think will perform in the future as well as they have in the past, or maybe you expect a correction in the entire market. Nevertheless, you hesitate to sell because you dont want to pay tax on the gain. If you have been planning to make a charitable gift, these securities could be the ideal asset to use for that gift. The net cost of the gift could be relatively low. Consider this example. Example: Charles M. thinks it is time to sell some stock now valued at $10,000 with an adjusted cost base of only $2,000. He has also been thinking of making a $10,000 gift to his church. What is the real cost of giving the stock instead of selling it? Option 1 Sell stock, donate cash Proceeds & gift $10,000 Tax credit (45% x $10,000) 4,500 Total Taxable gain (50% x $8,000) 4,000 Tax on gain (45% x $4,000) 1,800 Net taxes ($4,500-$1,800) 2,700 Net cost of cash gift ($10,000-$2,700) 7,300 Option 2 Donate Stock Gift of securities $10,000 Tax credit (45% x $10,000) 4,500 Taxable gain (0% x $8,000) NIL Tax on gain NIL Net tax savings 4,500 Net cost of gift of securities ($10,000-$4,500) 5,500 Total saved by donating securities in lieu of cash 1,800 It costs Charles only $5,500 to give stock worth $10,000. Had he given $10,000 cash and sold the stock, the gift would have cost him $7,300. That is because he would have paid $1,800 more tax on the capital gain. 2. When its time to hold Unlike Charles in the previous example, you may have a stock you think has a great future. While you like the idea of exempting part of the gain from taxation, you dont want to lose out on likely future appreciation. Thus, you are more inclined to hold the stock and make this years charitable gift with cash. If you have such a stock, you might consider giving it and using the cash, which you otherwise would have given, to repurchase the stock on the market. Thereby, you would get a stepped-up cost base in the stock, and when you sell it in the future you will be taxed only on the gain accruing after the repurchase. 3. Bequest of Securities The partial exemption from taxable gain applies to charitable bequests as well as to lifetime gifts. Thus, if you intend to make bequests to charity as well as to family members, it could be advantageous to fund your charitable bequest with appreciated, listed securities and your family bequests with other assets. You can do this either by making a specific bequest of certain securities, or by empowering your executor to select the assets for the charitable bequest. Suppose, for example, that your estate consists of your principal residence, plus cash, plus $100,000 of listed stock with an adjusted cost base of $40,000, and that you want to leave $100,000 to charity and the balance to your children. If the stock goes to the children, $30,000 of the gain (50% x $60,000) will be taxed, but if it goes to charity none of the gain will be taxed. Better, then, to give the charity your stock and the children your cash and principal residence, neither of which is taxable. For more information, please contact: The Reverend Richard G. Vroom, Diocese of Ottawa Gift Planning Consultant, 71 Bronson Avenue Ottawa, Ontario, K1R 8G6 You may also contact Richard directly: Email:  HYPERLINK "mailto:richard-vroom@ottawa.anglican.ca" richard-vroom@ottawa.anglican.ca Voicemail: 613-233-6271 ext 239 (office) 613-884-1215 (cell)     PAGE  PAGE 4 .89;<=`ab}߻um^mQA8hRX-5OJQJh"[hRX-5CJOJQJaJhRX-5CJOJQJaJjh~[hRX-OJQJUhRX-OJQJhNhRX-5CJOJQJaJh95CJOJQJaJh.hRX-CJOJQJaJh.h9CJOJQJaJh{bh9OJQJhRX-CJ$OJQJaJ$htWCJ$OJQJaJ$hL)CJ$OJQJaJ$h{bhRX-CJ$OJQJaJ$hRX-hRX-5CJ(OJQJaJ( +<=ab}~  gdzgd$Wsgd6gdRX- gdRX- $ a$gd9 $ a$gdRX- % Q T X e ijsjdj^QGQh?56\]h[h[56\] hz0J h$Ws0Jh;hz0Jh;hz0J6] h6hz h6h6CJOJQJ^JaJhzCJOJQJ^JaJhAqCJOJQJ^JaJ h6hzCJOJQJ^JaJh$Wsh ph;h6h6h65CJaJh.5CJaJhRX-5CJaJhRX-5CJOJQJaJ .b8e]vgdzgd[gdz & F h0`0gd; !ABQSVW]fh%*,.RWvy{ ŽŹŨŌh9CJOJQJ^JaJh;CJOJQJ^JaJ h;hzCJOJQJ^JaJhWh;h? h;hz h[0J5h[h[0J5h[h[56 h956 h[56h[ h[h[7    '"#CVq'U|}~ ^gd9gdzgd$Wsgdz']n!"#'dn%&|}Ƅvnjnjnjnj`Z`Z hT0JjhT0JUhxjhxUh9CJOJQJ^JaJh pCJOJQJ^JaJh9h90J5j9h9h95Ujh9h95Uh9h95 h.95h9h9hOJQJ^Jh9h9OJQJ^Jh[ h;hz h;hzCJOJQJ^JaJ!h]hgd p &`#$gdRX-gdzh9CJOJQJ^JaJhxh*0JmHnHu hT0JjhT0JUhT ? 001h0P:pT /!"#$e% 9Dd  0  # Ab 9 #4tqJ8Dn8 #4tqJPNG  IHDR_71ksRGB8IDATx^O\ɝ3òT(֩,fMhcl=8҂*abbLfa|s.muc* 0Y'yZI% sURUeՋ|C[#/_D[\ `Xjf @@@Ul@UmҤ-@*sMM@Ue@IUI @6 6i T9@&T&Mڂ 2 $ڤI[PU PU4i  `j&mA@Ul@UmҤ-@*sMM@Ue@IUI @6 6i T9@&T&Mڂ 2 $>>>mA`ll|ښVWNwӟlٸ2JC{O>O'{+Gn'J LY1ݸvf"{j=p"%Ft5vtc?\(*&d =[ߝHw>rT `wN+}wuytA%Fhh{"'`?4s2~^Ooyң/~Vv$:Yf=޾{?=owvvڪ8M P՚xlI`), hgdfF)x&z[wy1HJt9Ⱥ.ZҐSr7E~bSRO}U%] +/.DOX5z:e.U$ukÜkX"5M ڠX^ƿwTzVJ o-Lj 6$P&3o|?Gv![pA RĪ:&aHYkKK1OFZ 0h~"OM[oۭ/K￲]@<5fٴ,Əɪ u%-[' .k oO7nwL.Qn=3쁼TJuߝrX%;;&s/ ur=򝿾lujǩu[sD/%i*nӹoZ&[wlra1@UcNͧOF[$roUj)㗶&p~†=̃&?=<,,XZ.VjGwq꽮79<8?웵_LU zMW֜+ZbՂ|rȶ)#?oޯ%^udӟ?vPR}D᷿&?U;ZI1,U?2 ;:jŦ-Ϋ.ǻ..ݚI<V3(U<&U} WX5_^m1/CUnWoCdCUƕ_1`BO?ٿc1DxIpCU `jfMŪh0 9z2QeU_ʼa'z>u`8!:`juxwqs#$j6Ґ ?h{ߡJT/P뚪Uͷ8:Ԍ̹_T5gM$$6XʫꕻN)NPU=,8N%U^Dw#ðBU1F2x WCUMc&7JT59ޫIYF,>$V]'VK:CU-i:^M Uwv}"\@U]PHNǪcd6޹@UK9٫ôs^UYdTOՙ\pDUu6f[Í;KsF}ƪ"=BQwvf12T5 7oa +"J> ںFJͿD(u>V WvvvƏG/d Z/nIݾؚt$;$OeT9K+"*~*P*GԝIl͍VmRU.Uh޽}_2~_N-\y3QD+KvNCOqZZ{fo~nw;[[TXu#J%ւ7@jvz3Տʂ(֮U+7 N%m_+}n蝧XTBUK$=Ԛx_FyU?2cT#r[AI̗`P8JQQ >V=rU'̘T5_:D2U3f/G 7T5n::+f q<+:ƕ=T5{;1P[ Yd qb7Bz"߱j"@lbo GjW=oWaKIz% .7A>T>Z4UW1_㑒݄AA')y]fݰAz"zլSfơ9ԓ9y!UWZiLUm bVjs\Qr}rMlPռ:XR^E!A*֕ kL:UW' AU A=> bU FyUV@UuĪ򪺐jo__޹?Jj.s';P}BX fPՈȫFvoZʫRT)pبjN`*F^^0g׉AJ^5;cPUfHUP2eٶ*}H{ݮ*yϨCUs?[ bUBOQ@UpCr 77YudZʫRT5k:3^zUgΤaPU@ i V%ZȜS*suLP2lJXR^zU>=WPUWdn^zռgTN֡9yӟ-*yUn(Q!AWMe T:2U-UWjem {?J3gҰee4gW-dN`)TPy:x j~mAj)JmҞ++y?Jj3*'P5ݟ堵:+bWߝ*HUu;ޠ~;^ uɿrU 4VyJH F!ml:~nGSX'T~T:f?duoxb#-cEY4|prywnl~mzo16(ɵl2ʇvw~bh_-3UĖ U.˥S_\fڈ#U=6 |J}$%Z}垼?-LO[}%[s+ hOQm i6zzc9=W5*՗|N7NU3Sy@U|ēojbzn>PwJ7B^Ǫ*VsD+>m+mǏWD6[DC(o65(~J/Me^Ǫ yՊmm:U+&gR<Eɲc Zp4~D~LqkmiX^[-zdoIy~U*=,3oܿ|r%MQRU JVw؂?\Ae{\w&e4% >xspoA0LU%*JR;RXGVpY'@u)5~eޟڸRk]f$R}R¨d".no'J?/v/. bjJ+^VDWH])ԃpEU\@l-wGy .2Mnk^UyS $J}nHV?Tup_ ZwEuûN;*qX}2O?U2 WifhTmc9\"R4`idtݯLiYMJFUOew:\}35} bʱU_5~_EDXR+*>mUubjYH/LV!U_5s7e+?ooRӲ*E[ GTU߫ϐK X)K'k*%d^:o=VIoi *V|Š3L[-vU2:" +|O%P[j,D_k[ǥ=OfUz!p։ȘDnOX9{H>*5L;Ŷlܪbau%2zAm,׫ʯ~]C3\*Gƫ|b ι3 U=! |DgtqTU_Il2wEMx'Y٤*)Փ}ⅵdh`vXTUH(I]r6&D hz@461{*hca˒P {?/Wo7uR*_Ѻ-IIXEK^5IF?hY r$q$dTu'aD Wmrydyn u5}eȫVmț+]֦+Vu5Z;bG?d aUQCuon7s'5yI\ĭ^V.\*)h0m'Tp.Au ȆȍJ}Jl*Moeq; GyN~},|5P/_meGѠC/G hLH[,<>7iƳ Vo Znjl<@5}u?oND 1Y e&/=T Ȝ ;r4vť-7҇ ֨]%ф2!pCȼ|ޗ01M^R@}ən}#TzWꛛ$0,}K|U?Xo#-\;)o-Odd+pAzE'Q_\Y O`y w4Rlwf"@j$#l}p, jhUxb"pl$ď! *(0bC}lv< V v~+mi j1%4B^/{Q2z? 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