where every gift counts
Help build on our traditions
(l-r) Mark Service Esq., Greg Van de Mark, Adel Ratansi, Cameron Healy, Adrian Wu, Peter Goitanich, Duncan Cole and Brian McCue Esq., following graduation in June.
with a tax saving opportunity! In the Spring of 2006, the Canadian Government announced a new budget which provides an exciting, tax-saving opportunity for donors. Effective May 2006, there is no longer any capital gains tax on gifts of publicly-traded shares, bonds, mutual fund units and employee stock options donated to registered charities. Gifts of publicly-traded securities have become an increasingly popular way of supporting SAC and we are pleased that you will receive even greater tax benefits for your generous support. To illustrate: You purchase shares at a price of $10,000 and the fair market value of the stock has risen to $15,000. When you donate the stock to SAC, the Foundation will issue you a tax receipt in the amount of $15,000. You will no longer be required to pay tax on the $5,000 gain. Previously, 25% of the gain would have been taxable. t h e
We hope this exciting news will encourage you to consider making a gift of securities to help provide unique educational opportunities for the students of St. Andrew’s. Such a gift could be part of your annual contribution, support for a capital building project, or perhaps a family endowed fund. Making a gift this way is easy. Please consult your tax advisor or call the Advancement Office if you are considering this vehicle to support the school. Please contact Jim Herder, Director of Advancement at 905-727-3178 ext. 237 or jim.herder@sac.on.ca.
a n d r e a n
|
1 8