Normally, these are gifts of publicly traded Canadian securities. This donation provides the individual with a tax receipt for the full market value of the gift, while eliminating any capital gains tax on the gift (based on current tax rules). As with all gifts, the donor may designate a specific use for these funds, or have the contributions credited for general use at the discretion of the Church Council.
Gifts in Kind may be used to fulfil your annual pledge to the church and donors may find this to be a tax benefit. Kingsway-Lambton has a form on this website for these gifts of marketable securities.
From time to time, the church also receives gifts of a capital nature, such as equipment, instruments and furnishings.
For further information, contact the church office and you will be connected with the appropriate individual to discuss these types of gifts.