Presbyterian World Service & Development launched the Loaves & Fishes Fund, a planned giving fund that enables donors to give equity that is invested and used over a seven year period. Unveiled in October, the fund plays on Jesus' miracle of the multiplying loaves and fishes, creating enough to feed the multitude, with plenty left over.
“This is a major step forward for the PCC's long-term community development work overseas and for our partners. The Loaves & Fishes Fund allows us to commit to long-term efforts that address the root causes of poverty, and ensures that we can respond to emergencies wherever they occur,” said PWS&D's director, Kenneth Kim, in a press release.
Gifts to the fund help PWS&D commit to long-term development projects by providing a steady income stream over a seven-year period. One-seventh of the gift is used to support the work of PWS&D in the year it is given. The rest 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 the investment and a portion of the original gift to support ongoing development and relief work. At the end of seven years, the entire gift, plus all the income and capital gains generated by the investment, is used for the work of PWS&D.
You can invest in the Loaves & Fishes Fund 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. Learn more at www.presbyterian.ca/pwsd under “Donate.” -with files from PWS&D
