For more information, contact:
THE SALVATION ARMY
Office of Planned Giving
Linda Pfaff
1-800-267-2769
How can I help The Salvation Army?
PLANNED GIVING
1. WILL
- Several alternatives: percentage of estate, monetary amount, specific property or contingent beneficiary
- May incorporate charitable trusts
- Estate tax benefits
- Revocable
2. GIFT ANNUITY
- Fixed annual income for life: partially tax-free; based on age and gift amount
- Partial income tax deduction
- Potential gift and estate tax benefits
- Avoidance of probate
- Irrevocable
- Minimum contributions: $1,000 for two lives, $ 500 for one life
3. DEFFERRED GIFT ANNUITY
- See benefits of Gift Annuity (above)
- Payments at least one year after date of gift
- Increased income at retirement
- Income tax credit for year of gift
4. LIFE INSURANCE
- The Salvation Army as sole or partial beneficiary
- Paid-up policy: no additional costs
- New policy: installment gifts
- Potential income, gift and estate tax benefits
5. REMAINDER INTEREST IN REAL ESTATE
- Life estate in home, farm or other property: care for property, pay taxes, receive any income generated.
- Remainder to The Salvation Army
- Income tax deduction for present value of remainder interest
- Potential estate tax benefits
- Avoidance of probate
- Irrevocable
6. CHARITABLE REMAINDER TRUST
- Annual income for life or term of 20 years or less: fixed percentage of initial trust principal, or; percentage of annual principal balance
- Remainder to The Salvation Army
- Income tax deduction for present value of remainder interest
- Potential estate tax benefits
- Irrevocable
7. POOLED INCOME FUND (PIF)
- Life income based on fund performance
- Partial income tax deduction
- Potential estate tax benefits
- Irrevocable
- Ideal for smaller gifts
8. OUTRIGHT GIFT
- Income tax deduction for full value of cash gifts and stock with long-term capital gain
- Bypass tax on long-term capital gain property
*This information is not professional or legal tax advice. The advice of a professional advisor is highly recommended.