A critical part of Salvation Army services is practicality. This orientation is the basis of the Planned Giving Program. Personal circumstances change; the tax laws and the economy change. So financial and estate planning is not a luxury, it is a necessity.
How Can You Make a Planned Gift?
For more information or to arrange a consultation at no cost or obligation contact Gary Erhard, your local Salvation Army Planned Giving representative.
1-800-SLV-ARMY (758-2769)
What are the Advantages of Your Planned Giving?
Charitable Support of The Salvation Army services that are consistent with your ideals.
Lifetime Income with no management worries or fear about the stability of the organization.
Protection for your Loved Ones through income after your death.
Larger Charitable Gifts than you would have considered possible by any other means.
Income Tax Savings through present charitable donations.
Preferential Treatment of Capital Gains Tax that you would incur if you had sold your property yourself.
Lower or No Estate Taxes.
Choose Which Plan is Right for You
Annuity Trust: You transfer cash or securities into an irrevocable trust and direct that a fixed annual dollar amount be paid to you and/or a loved one for life. The same amount can be paid for life to any surviving beneficiary you name. The Salvation Army gets the trust assets at the end of the life income interests when these conditions have been satisfied.
Unitrust: This is similar to an annuity trust except the income paid to you is variable. Instead of a fixed dollar amount, the trust agreement specifies a percentage of the trust's fair market value as determined each year, and that is the amount paid to you or another beneficiary.
Revocable Living Trust: You may not desire to permanently assign your assets to a trust. A revocable trust allows you to revoke the trust in case of an emergency, or personal desire. Experience shows that few people revoke the trust. Revocable trusts allow you to set up an income payment schedule as well as invade principal as needed. After the deaths of all income beneficiaries, any unused principal and income becomes a gift to The Salvation Army and/or other remainder persons.
Pooled Income Fund: Your assets are pooled into a commingled fund. On the date your gift enters the fund, it is assigned a number of units proportionate to its fair market value. The value of a unit will rise and fall with the market value of the fund's assets. Your income depends on how many units you hold, and how much the fund earned during the year. You receive your share of the fund's income taxable as ordinary income.
Charitable Gift Annuity: You transfer money or securities to The Salvation Army. In exchange, we agree to pay you and/or a loved one a fixed dollar amount for life. The amount you receive is determined by the size of the gift, your age and the age of any other beneficiary.
Gifts of Life Insurance: Gifts of life insurance are easy. The Salvation Army is named owner and beneficiary of an existing policy that is no longer needed. It is a good way to make a larger gift than might otherwise be possible.
Wills: A will is essential to good estate-planning. Without a will, state law decides how your assets will be distributed. If you want your estate passed on as you wish to your heirs and charities of your choice, you must have a will. Wills can also save taxes and administration expenses, leaving as much of your estate as possible intact.
Gifts of Real Estate: A personal residence, farm, unimproved land, rental property or commercial property can be given to The Salvation Army - either outright, to fund a charitable remainder unitrust or to underwrite a life estate agreement.
1-800-SLV-ARMY (758-2769)