GIFT OF STOCKS AND BONDS
-
Here are some of the potential benefits:
-
Avoid paying capital gains tax.
-
Receive a charitable income tax deduction.
-
Enjoy possible increased income.
-
Further our mission today!
Make your gift today by electronic transfer!
It's easy. Please contact us for delivery instructions to make a transfer from your brokerage account to The Salvation Army Western Territory.
Send us your gift by mail
If you hold securities in certificate form, you will need to use two envelopes to complete your gift. In the first, place the unsigned stock certificate(s). In the other, include a signed stock power for each certificate. You may obtain this from your broker or bank. Please remember to use certified mail.
GIFT OF REAL ESTATE
-
Avoid paying capital gains tax.
-
Receive a charitable income tax deduction.
-
Leave a lasting legacy
How you make a gift of real property
Your real property may be gifted to local Salvation Army by executing or signing a deed transferring ownership. You may deed part or all of your real property to The Salvation Army. Your gift will generally be based on the property's fair market value, which must be established by an independent appraisal.
Can you make a gift of mortgaged property?
Please contact us if the property you wish to give has existing debt or a mortgage. Check with us on the capital gains tax implications of your gift. You also may be interested in life income options.
GIFT OF RETIREMENT ASSETS
A gift of your retirement assets, such as a gift from your IRA, 401k, 403b, pension or other tax deferred plan, is an excellent way to make a gift to The Salvation Army.
Leave your retirement assets to us
Did you know that 50%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis (such as real estate and stock) and give the retirement assets to The Salvation Army. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.
How to transfer your retirement assets
Your retirement assets may be transferred to The Salvation Army by completing a beneficiary designation form provided by your plan custodian. If you designate The Salvation Army as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
GIFT OF CASH
A cash gift is a simple and easy way for you to make a gift. Your gift can:
-
Make an immediate impact on our mission today.
-
Provide you with a charitable income tax deduction
Send Us Your Gift By Mail
You can send us a check or money order: 2707 E Van Buren, Phoenix, AZ 85008. Please let us know if you want your gift used for a specific purpose, by indicating that purpose either in the memo line or in a letter to us.
GIFT OF LIFE INSURANCE
Make a Gift of Life Insurance Today
Did you know that you can give your life insurance policy to The Salvation Army today and receive a charitable income tax deduction? You can then make deductible contributions to The Salvation Army each year which we may use to pay the premiums. We benefit from the proceeds of your policy.
Designate Us as Beneficiary of Your Policy
You can also designate The Salvation Army Western Territory as the beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. The policy will be included in your taxable estate when you pass away, but your estate will benefit from an estate tax charitable deduction for the value of the gift to us.
Have questions? Considering a gift?
We would love to talk with you!