When you make the decision to leave a Planned Gift to Church of the Rock, you will help assure the continual financial health of the church and its programs.
There are several ways you can provide a planned gift:
- Bequests through a Will
- Life Insurance
- RRSPs & RRIFs
- Gifts of Securities
You can name Church of the Rock as a beneficiary in your will, insurance policy or RRSP/RRIF. Leaving a gift to a registered charitable organization can help to reduce the tax that your estate will pay while also leaving a legacy of faith that will continue to support God’s work.
GIFTS OF SECURITIES
Donating stocks or mutual funds is the most tax-effective way to leave a legacy gift, whether during your life or afterwards in your will. When transferring shares (shares, bonds, mutual funds) to a registered charity, such as Church of the Rock, the capital gains do not need to be reported as income and are therefore not taxable.
In addition, a donation receipt is issued for the full value of the shares, further reducing income taxes.
- Contact your Financial Advisor and advise him/her of the transfer.
- Go to one of the suggested brokers to facilitate the transfer of shares to a charity.
- Upon receipt of the shares, the broker will redeem the shares and provide a donation receipt to the donor for the value at the time of transfer.
- Church of the Rock will then receive a cheque for the donation
This can be an efficient way to give your yearly tithe.
If you would like more info or to make a gift of listed securities (shares), please contact our Financial Manager (204-261-0070).