GIFT PLANNING TIP:

Remember that charitable donation receipts are used to calculate tax credits and are not used to reduce taxable income. This can be significant for those who benefit from government programs that calculate the benefit based on income. A popular strategy for many donors who do not need the additional income produced by their investments, but who are not ready to give the principal cash, is to make an interest-free loan. This allows the donor to make a gift to Wycliffe without first having to include the investment returns as income. The net benefit to both the donor and Wycliffe is higher than if the donor received the investment returns and then gifted them to Wycliffe.

To learn more about this giving option, please go to "Interest Free Loans" or request a "Personal Illustration". You may also contact Keith Pickerill at 1-800-463-1143.