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Because we serve people in so many different ways, we know that there is a giving opportunity that fits your needs and passions.
Please contact us at 888-390-2769 to discuss the type of gift that's right for you.
Here are some of the most common vehicles for making a major gift and a major impact. (More info on Foundations & Corporate Relations is here.)
Charitable gifts are most often made in the form of cash, checks and electronic transfers. When you itemize your tax deductions, gifts of cash may be used to eliminate federal income tax on up to half of your adjusted gross income (AGI). You may enjoy state income tax savings as well.
Giving securities (stocks, bonds or mutual funds) that are worth more than they cost can bring additional tax savings. Such gifts are generally deductible for income tax purposes at their full current value if they have been owned for longer than one year. They can be used to offset tax on up to 30 percent of your AGI. As an additional benefit, no tax is owed on capital gain that could be due in the event of a sale.
If you have investments that are now worth less than they cost, consider selling them and using the cash proceeds to make a charitable gift. This creates a loss you may be able to deduct from other taxable income as well as a deduction for the amount of the cash contribution. The combined deductions for the gift and the loss may total more than the current value of the investment.
Whether you make a gift in the form of cash or other property, any unused deductions may serve to reduce your taxes in as many as five future years.
Instructions for transferring publicly traded securities to The Salvation Army account held at UBS:
DTC ID #0221
UBS Financial Services, Inc.
888 San Clemente Drive, Suite 400
Newport Beach, CA 92660
FBO: The Salvation Army, Del Oro Division
Account #: UJ56861
Donating acceptable real estate can save capital gains, offer a tax deduction and has a major impact on helping those in need.
This is a unique way to honor a friend or loved one and benefit others in our care at the same time.