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Robin Skelton | VOX Alumni

Place your stock in our
students’ future

For over 30 years, students, parents, teachers and researchers have been doing just that. You can invest in their future, too! The 1997 federal budget introduced new incentives for Canadians to support charities. For gifts of appreciated publicly-traded securities and shares in mutual funds, the capital gains tax-payable is reduced by half. This special reduction is applicable for gifts made between now and the end of 2001. Please call or e-mail Kayla Stevenson, Director of Development and Gift Planning (1-250-721-8964 or 1-800-808-6828; e-mail: kstevens@uvic.ca) to find out how easily you can make a gift using appreciated publicly-traded securities or shares in mutual funds.

A UVic Dynasty

With the recent graduation of Serena Ableson (far right) BA ‘97 Hon. Engl., the four members of this family are all UVic grads. What an achievement! Completing the picture are:

Sylvia Ableson (bottom) BEd ’92; Dennis Ableson (far left) BA ’64; and Shannon Ableson-Toronitz (top) BSc Psych ’93.

Not appearing in the photo are Shannon’s husband Dale Toronitz BSc ’92 and Margaret Ableson, proud mother and grandmother who has recently established endowed bursaries for UVic students in nursing and education.

Grad memories last thirty years

Maeford Slocombe came to Victoria College as a mature student in 1960, and earned a BA in Honours English from the University of Victoria in 1969. She never forgot the benefits she received from her association with the University. She gave generously and quietly, sending in her annual gifts anonymously to the University for many years. When she died August 14, 1996, she left $10,000 to endow a scholarship for English students at UVic. Born in Seattle, Maeford moved to Victoria while in high school. She was an accomplished artist and poet with a keen mind and a generous spirit which she used to help everyone she knew. Donations in her memory can be made to the Maeford Slocombe Scholarship Fund and sent to the Development Office, University of Victoria, P.O. Box 3060, Victoria, BC V8W 3R4.

Don’t cash those shares!

If you are planning a gift to the University of Victoria and own appreciated publicly-listed shares, don’t cash them in. It may be that the most tax-wise way to make your gift is to give the shares directly to the University. Here is an example that shows how your tax credit changes if you give the shares directly to the University.

If you sell the shares and donate the before-tax proceeds, a $1,000 capital gain will result on the securities’ sale. Assuming you are in a 50 per cent tax bracket, you would then have to pay $375 in tax on the taxable portion of your gain. Your $2,000 donation will give you a tax credit of $1,000. In the end, the donation will result in net tax savings of $625. But if you donate the securities directly, UVic will still get the full $2,000 value of the shares, and the taxable portion of the $1,000 gain will only be 37.5%, so your tax-payable will only be $187.50. You will also get a tax credit of $1,000 for the donation. The net tax savings resulting from your donation will be $812.50.

Under the new rules, you will come out ahead if you donate the shares directly. Be sure to check the numbers for your own situation carefully before making a gift. If you have large capital gains from other dispositions, a gift of shares that trigger significant gains could result in a liability for alternative minimum tax. You should consult your financial advisor before completing such gifts to make sure this is the most tax-wise way to make your gift.

Donations of Cash vs. Shares

Option A - Sell shares and donate proceeds (cash)
Value donated to UVic $2,000.00
Net tax savings $625.00

Option B - Donate shares directly
Value donated to UVic $2,000.00
Net tax savings $812.50

Difference:

Savings with Option B $812.50
Savings with Option A $625.00
Extra savings with Option B $187.50

Volunteers Needed

Are you interested in getting involved at the University? Volunteers are needed in many areas of fundraising at the Development Office. Put your skills to work and at the same time find out how you can make a difference in students’ lives. Call Marilyn Montgomery at 721-7624 to register your interest in volunteering.

Contents | Grading Technology | Space Studies |
Editorial | Eureka! | Around the Ring |
Call for Nominations | Alumni News | Development News |
Travel | Keeping in Touch | Where are You Now? |
Robin Skelton | VOX Alumni