USA Western Territory Gift Planning, Wills, Gift Annuities, and Trusts
The Salvation Army Gift Planning, Wills, Gift Annuities, and Trusts: The Salvation Army has many charitable planning options to help you plan your estate.
Some people’s legacies are written on monuments. Yours can be written on lives.
The Salvation Army has many charitable planning options to help you plan your estate. Salvation Army gift planning professionals with many years of experience in estate and gift planning care about your goals and plans. They will work with your attorney, financial advisor, or accountant to explain the many gift opportunities available to you and the benefits of each. Contact The Salvation Army to learn how confidential, personal charitable planning can help protect youur family and increase your income while to sustain our life-changing mission.
Ways To Support The Salvation Army Through Gift Planning:
Gift Planning
The principal benefits of gift plans are that they provide future funding to The Salvation Army, after your lifetime, or a named beneficiary. Gift plans take many forms, providing additional income for you and/or your heirs, minimizing taxes, relieving you and your heirs of complicated financial management responsibilities, and helping to fulfill your personal, humanitarian, and charitable objectives. Gift plans can be made in cash, real estate, stocks, bonds, cryptocurrency, personal property, or life insurance.
Gifts Through Your Will or Living Trust
One of the simplest gift plans is a bequest through your Will, in which you designate either a specific dollar amount or a percentage of your estate. In addition to supporting The Salvation Army, it serves as an example to your heirs of the values and ideals you hold dear. A gift through your Will or Living Trust also can reduce the amount of your taxable estate, which may increase the actual amount available to loved ones.
Life Income - Fixed Payments
A Charitable Gift Annuity is an agreement between the donor and The Salvation Army that provides fixed payments for one or two individuals for life. In exchange for your gift, The Salvation Army pays a fixed dollar amount for your lifetime and/or the life of a designated loved one with highly competitive payout rates. Your income is a secure fixed amount, regardless of market fluctuation. A major portion of your income is tax-free for your life expectancy. The income will begin immediately, or it may be deferred until a later date as part of your retirement plan.
`Life Income - Variable or Fixed Payments
The major benefits of Charitable Trusts are the bypass of capital gains tax on the sale of appreciated assets, the tax-free growth of investments within the trust, increased income, and an immediate income tax deduction.
A Unitrust has payments that vary over the life of the trust. The goal is to increase payments over time, providing a hedge against inflation. An Annuity Trust provides a fixed income for those wanting consistent, predictable payments.
Payments can be for the donors' lives, the lives of their children, and even grandchildren. These are very flexible plans that provide protection for beneficiaries, by providing secure supplemental income.
Individual Retirement Accounts
Individual retirements are the accumulation of years of savings.
At age 70½, you can make a non-taxed distribution to create a once-in-a-lifetime Charitable Gift Annuity for yourself and a spouse that pays for both your lives. If you are taking Required Minimum Distributions, this gift will apply towards your annual RMD.
Some studies show that up to 70% of non-spousal heirs inheriting IRAs take a lump sum distribution of the assets. The consequence of this choice is up to 50% or more of lost principal due to taxation. What is the solution?
The Stretch IRA Protection Trust will provide income to your heirs for their lives, while allowing the principal to continue growing tax-exempt. After all lifetimes, the principal is distributed to The Salvation Army to fund programs that impact the causes you care about.
Hometown and Named Endowments.
Hometown Endowments provide local funding for programs and ensure that the programs you care about most will receive funding in perpetuity. Gifts can be made today, or after your lifetime through your Will, Living Trust, or Beneficiary Designation.
Named Endowments offer an opportunity to create a gift that honors your family or other loved ones.
Example: John wants to honor his mother, who sent him to after-school programs at The Salvation Army. John creates a named endowment in honor of his mother, the Jane Smith Endowment Fund, supporting youth education.
Life Insurance
A gift of life insurance can provide a substantial gift to The Salvation Army. The value of an ordinary policy at the time of the gift is tax-deductible. If you continue paying the premiums, they are also deductible as charitable contributions. If a paid-up policy is given, the cost of purchasing a new paid-up policy at your current age is the value of the charitable deduction.
Planned Giving Opportunities by Region:
The Salvation Army has four territories within the United States. Use the interactive map to reach out to your closest Planned Giving office.