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Planned Giving

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Gifts that insure the future of The Salvation Army can come in many forms.

For more information or for a free brochure entitled "Friends of The Army" please call The Salvation Army Naples Corps Development & Community Relations Department at 239-775-9447.

You can also request a call or visit from a local Salvation Army Planned Giving representative. We would be happy to work with you or your advisors at no cost or obligation to answer your questions regarding these important matters.

Here are many of the planning techniques described in brief:


WILLS - Benefiting Your Loved Ones and Others
After providing for the needs of your loved ones, you may choose one of several ways to benefit causes you have enjoyed supporting during your lifetime. By having your attorney revise your Will or add a simple amendment, you can make a charitable bequest of a dollar amount, a specific property, a percentage of your estate, or what is left after your heirs are taken care of. You may also wish to name The Salvation Army as a charitable recipient in case others you have named do not survive you.

LIFE INSURANCE - A larger Gift with Little Cost
One of the simplest ways to make a significant gift in the future is to name The Salvation Army as beneficiary to receive all or a portion of the proceeds of a policy which is no longer needed for family protection. Another way to make a gift of insurance is to take out a new policy naming The Salvation Army as beneficiary or co-beneficiary. Many find this a convenient way to make a special gift. Through insurance, your gift may be much larger than its cost.

FIXED PAYMENT TRUST - A Gift With Income That Never Changes
A charitable remainder annuity trust is a way to make a gift that allows you to retain income from your gift for life. Your gift is held separately and invested to earn a fixed and regular income for you. The amount of the annual payment you receive is determined by you when the trust is created (at least 5% of the amount placed in the trust). A tax deduction, allowed in the year in which your trust is funded, is based on your age, payment percentage, and other factors.

VARIABLE PAYMENT TRUST - A Gift With Income That Fluctuates
Like the annuity trust, the charitable remainder unitrust provides for a gift which returns income. But unlike the annuity trust, the income from a unitrust rises or falls with the value of the principal of the trust each year. You determine the percentage of payout when the gift is made. Each year this percentage of the value of the principal is paid to you or others you select. When the value of the principal increases, more income is received. The income will be less if its value declines.

GIFT ANNUITY - Receiving Payments Based On Age
When you arrange for a gift annuity, a specified amount of cash, appreciated securities, or other property is transferred to The Salvation Army. In exchange, you receive payments on a regular basis for the rest of you or a loved one's life. Payments may even continue for the lives of two people before the gift goes to The Army. Payments are reliable, backed by all of The Salvation Army's unencumbered assets.

DEFERRED GIFT ANNUITY - A Gift With Benefits Now And Later
A deferred gift annuity is similar to a gift annuity, except that payments begin on a future date that you specify. An attractive benefit of this arrangement is that it enables a donor who itemizes taxes to make a gift now and take a charitable income tax deduction now, offsetting current tax liability. A donor can defer payments to years when he or she will need income more. Deferred gift annuities may be created at younger ages, but no income payments will commence until after the beneficiary has reached at least 50 years of age.

POOLED INCOME FUND - Pooling Resources To Benefit All
The pooled income fund is a giving plan for people who want to receive, for life, an income that has the possibility of growth. This giving plan is especially suitable for those who choose not to give substantially larger amounts necessary to create separate trusts. Through your participation in The Salvation Army Pooled Income Fund, your gift is combined with the gifts of others. They are invested together for the benefit of each contributor and for the future good of the Army.

REAL ESTATE REMAINDERS - Gift Your Home And Continue To Live In It
You can make a gift of a house or a farm while retaining the use of the property for as long as you live. You make a gift now but retain the security of knowing you may keep the use of it for life. The satisfaction of giving, as well as a charitable tax deduction, are enjoyed now rather than later.

REVOCABLE LIVING TRUST - A Gift That May Be Returned If Needed
One of the most flexible giving plans is the revocable living trust - a gift that can be revoked or taken back. Gifts should only be made on a permanent basis when it is in your best interest to do so. Through a revocable trust arrangement, you can make gifts of property and/or income now, while retaining the right to retrieve the property if necessary. Such a plan can be structured to result in estate settlement savings as well.

RETIREMENT ACCOUNTS - Creative Giving Through Retirement Plans
Whether in a 401(k) or other traditional qualified retirement plan, such as an Individual Retirement Account, you may accumulate funds beyond your needs for comfortable support of yourself and loved ones. It can be satisfying to know that the funds you have worked a lifetime to save may ultimately be put to good use by The Army when you no longer need them.

MEMORIAL GIVING - A Gift With Lasting Significance
There may be no more meaningful way to honor a life than by a charitable gift with lasting meaning. Examples of memorial gifts are endless. The Salvation Army uses buildings, equipment, scholarships and endowment funds, and a multitude of other services which have been made possible by gifts in memory of loved ones.

 


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