What is the Loaves & Fishes Fund?

The Loaves & Fishes Fund is a planned giving vehicle where you can invest in the lives of those overcoming poverty and emergencies, through a variety of gifting vehicles: a bequest through your will, the residue remaining in a trust, RRSPs and RRIFs, publicly traded securities, real estate, life insurance, charitable gift annuities, or special gifts of cash in excess of $75,000. We recommend you seek professional legal and financial advice to determine which method is best for you.

The Loaves & Fishes Fund does not replace regular donations to PWS&D.

The gift of one, becomes the gift for many

In Jesus’ hands, five loaves and two fish became enough to feed a multitude, with plenty of leftovers remaining!
PWS&D has designed the Loaves & Fishes Fund so you can be part of the ongoing miracle of multiplication through your planned gifts.

Photo: Paul Jeffrey, ACT International

How it works

When you make a planned giving donation to the Loaves & Fishes Fund, one-seventh of your gift is used to support the work of Presbyterian World Service & Development (PWS&D) in the year it is given. The rest of your gift is invested by the professional fund managers for the Trustee Board of The Presbyterian Church in Canada. Over the next six years, PWS&D uses the annual interest earned from your investment and a portion of your original gift to support ongoing development and relief work. At the end of seven years, your entire gift, plus all the income and capital gains generated by your investment, is used for the work of PWS&D.

Gifts to the Loaves & Fishes Fund help PWS&D commit to long-term development projects by providing a steady income stream over a seven-year period. Only undesignated gifts may be part of the Fund.

Gifts of Publicly Traded Securities Offer an Added Benefit

Present tax laws stipulate that if you sell publicly traded securities – stocks, bonds and mutual funds – you are taxed on 50% of the capital gains. However, if you gift the security directly to a charity, you will not pay any tax on the capital gains. You will also receive a tax receipt for the full market value of the securities. Further details and transfer forms to facilitate your gift are available from the Planned Giving Office at 1-800-619-7301.

Maximizing Your Gift

By donating to PWS&D’s Loaves & Fishes Fund, you can multiply the effectiveness of your gift by:

• harnessing the power of your invested money to grow over the seven-year period
• utilizing efficient tax strategies to maximize your gift and your own tax savings
• increasing the number of people who will benefit from your gift by enabling PWS&D to make long-term commitments to vitally needed development and relief work.

Case Study

Photo: Paul Jeffrey, ACT International

Mrs. Lewis would like to make a stock donation to the Loaves & Fishes Fund. She has stock in a company that she bought at a cost of $10,000 and has grown in value over time to now be worth $25,000. The capital gain on her investment is $15,000. If she were to sell this stock privately, she would be taxed on 50% of the gain. Assuming she is in a 40% tax bracket, Mrs. Lewis would have to pay $3,000 in tax, leaving her with $22,000 after tax for sale of the stock. By donating the stock directly to PWS&D, she will pay no capital gains tax, plus she will receive a charitable tax receipt for the full $25,000. As a resident of Ontario, she will be able to claim $10,000 in tax savings.

When Mrs. Lewis makes her donation, 1/7 of the amount (approx. $3,600) will be used immediately to fund PWS&D programs. The remaining funds (over $21,000) will be wisely invested by the PCC. Over the next six years, a portion of the gift and the interest earned will go to support PWS&D programs.

Assuming a modest 6% return over a seven year period, a gift of $25,000 in stock can become nearly $31,000.*

For more information and to give contact:

Herb Gale
Associate Secretary, Planned Giving
hgale@presbyterian.ca
416-441-1111 or 1-800-619-7301, ext. 278

or

PWS&D
pwsd@presbyterian.ca
416-441-1111 or 1-800-619-7301, ext. 291

*This information does not constitute legal or financial advice and should not be relied upon as a substitute for professional advice. The PCC encourages prospective donors to seek appropriate professional legal and financial advice before deciding on a course of action. Examples reflect rates at the time of writing and are subject to change.