Friday 30 July 2010

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Giving for Good

There are so many ways to give of your resources for the good work of the Salvation Army. Because our community services never cease, neither does our need for financial support. Whether you are moved to make a one-time donation, or you wish to make an ongoing impact through a long-term giving plan, we are grateful. Every dollar counts as we strive to demonstrate the love of Jesus Christ…and do the most good.

Donate Online!

In addition to sending a check or donating online, there are creative ways to financially support the Salvation Army of Wake County.

PLANNED GIVING
Support programs and services consistent with your ideals and maintain lifetime income with no management worries or fear about organization stability. Planned giving offers protection for your loved ones through income after your death, and makes giving larger gifts more possible than by any other means. Other benefits include income tax savings through present charitable deductions, lower estate tax for your spouse and other heirs, preferential treatment of capital gains tax that you would incur if you had sold your property, and control of the distribution of your estate at your death.

If you’d like to learn more about any of the giving opportunities described here, simply contact our team of professionals 800 254.0229 or email us with questions or to schedule a convenient consultation.

Which Plan is Right For You*?

  • Annuity Trust
    Transfer cash, securities or other property into an irrevocable trust and direct that a fixed annual dollar amount be paid to you for as long as you live. At your death, the same amount can be paid to any surviving beneficiary you name for as long as they live. The principal cannot be used by The Salvation Army until these conditions are satisfied.
  • Unitrust
    Similar to an annuity trust, except the income paid to you is variable. Instead of a fixed dollar amount, the trust agreement specifies that the amount paid to you as a percentage of the trust's fair market value determined each year.
  • Revocable Living Trust
    Allows you to revoke the trust in case of an emergency or personal desire. Experience shows that few people revoke the fund. You may set up an income payment schedule, as well as invade principal as needed. After the death 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 proportional 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.
  • Charitable Gift Annuity
    You donate money or securities as a gift-investment. The Salvation Army agrees 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
    The Salvation Army is named owner and/or beneficiary if an existing policy is no longer needed. It is an opportunity to make a contribution more substantial than might otherwise be possible.
  • Wills and Bequests
    Essential to good estate planning, a will allows you to decide how your assets will be distributed after your death. A will also can reduce estate taxes, 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 outright, to fund charitable remainder unitrust, or under a life estate agreement.

*Legal documents should always be prepared by an attorney.

Other Ways to Give

VEHICLE DONATIONS
Used vehicles can help put those in need back on the road to recovery. By donating your car, truck, motorcycle, RV or boat on a trailer, you can help us serve clients who are succeeding with God's help. Vehicles donated to the Salvation Army of Wake County are processed by our auction partner to raise funds for our many programs. To donate a vehicle, contact us by phone at 866 364.5744 or visit the dedicated website for more information or to start the donation process online.

APPRECIATED ASSETS
Gifts of appreciated assets, such as stock or mutual funds, are a simple, effective and tax-wise way to support the work of The Salvation Army. To find out more about this gift-giving opportunity, please contact our Divisional Resource Development Representative at 800 215.0196 before giving your order to your broker. This way, The Salvation Army is able to track your gift and ensure that it is used as designated.

CORPORATE MATCHING GIFTS
Many companies sponsor employee-giving programs that match personal contributions to The Salvation Army by individuals. Please check with your employer to see if such a program is available, as you could potentially double the impact of your gift! Most employers require you to send a Matching Gift form with your donation and for us to complete this form. Don't miss this opportunity to double and possibly triple your gift!

MEMORIALS & GIFTS IN HONOR
Gifts can be made in memory and/or in honor of individuals at special times throughout the year, such as a birthday or anniversary. During the holidays, families will often make a donation to The Salvation Army in lieu of giving presents. To make a gift in this way, simply send in your donation with a note referencing the person of whom the gift is in honor/memory. A local Salvation Army representative will then mail a card to the person you've designated, stating that a donation to The Salvation Army was made on his or her behalf. You may also contact us at 919 834.6733 to discuss your Memorial or Honorary Gift.