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Stocks And Bonds

Donating Stocks

Donating stocks, bonds or mutual funds is a great way to make your gift have meaningful impact and save taxes as well as receive a charitable deduction.  Rather than sell your stock and face paying capital gains taxes, you can donate your stock to The Salvation Army, a tax-exempt charitable organization.  This means that The Salvation Army will receive the full benefit of your gift and you won’t have to face extra charges come April. In addition, your gift is directed back to your local area to help those in need in your community.

For information to make a stock, bond or mutual fund gift benefiting The Salvation Army in Indiana only, please call Delana Bradbury at (317) 224-1012.  You can also call toll free at (800) 589-1037.

Donating from your IRA account

Giving to The Salvation Army from your IRA account reduces your taxable earned income.  This may be an important benefit if you no longer itemize your deductions after the passage of the Tax Cuts and Jobs Act of 2017. 

When you are 70 ½ or older, you can distribute gifts to charity directly from your IRA without treating the distribution as taxable income. Gifts given in this way count toward the required IRA minimum withdrawal amounts in the year of the gift. 

How to make an IRA charitable rollover gift

  1. Notify your IRA custodian to make a direct transfer of the distribution amount from the IRA to

    The Salvation Army
    Gift and Estate Planning Office
    Indiana Divisional Headquarters
    6060 Castleway West Dr.
    Indianapolis, IN 46250
  2. Your IRA funds will be directly transferred to The Salvation Army to help continue our important work in your community.
  3. Please notify us directly of the expected gift at the above address. Note if your gift is to be used for a specific purpose.

Please note that IRA charitable distribution gifts do not qualify for a charitable deduction and instead are subtracted from your gross income.

For more information, contact Christi Thieme, Gift and Estate Planning Representative at 317-224-1039.

Investment and Retirement Account assets also make a wonderful legacy gift to your favorite charities and it’s easy to do! Just update your beneficiary designation form.  Visit myplan2give.org for more information.