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Never Miss a Chance to Do the Most Good

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Stocks<br>DAFs<br> IRAs Image

Stocks
DAFs
IRAs

There are several ways savvy donors can support the mission and ministry of The Salvation Army and benefit from tax savings!

Investment, DAF, 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 or Contact Us.

Donating Stock

Donating stock, bonds or mutual funds is a great way to make your gift have a 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 Contact Amanda Eck at (317) 224-1026 or Amanda.Eck@usc.Salvationarmy.org.  You can also call toll-free at (800) 589-1037.

Steps to making a gift of stock 

The most efficient way to give and receive securities is by electronic transfer:

Share the following information with your broker for electronic transfer of stock via the DTC system:

Contact: BNY Mellon Capital Markets in Pittsburgh, PA 412.234.0439 or BNYmcmgiftprocessing@bnymellon.com
DTC Number: 004 (Pershing, LLC)
Indiana Account: NM001764
Tax ID: 36-2167910
Account Name: The Salvation Army Illinois FBO Indiana

After the transfer is made, share the stock name and number of shares with Amanda Eck via the following contact information:

Email: Amanda.Eck@usc.salvationarmy.org
Phone: 317-224-1026
Mail: The Salvation Army Indiana Division
         6060 Castleway West Drive
         Indianapolis, IN 46250

Start your stock gift today by completing our template letter to your broker. In order to provide an acknowledgement for your gift, please notify us of the gift by contacting us. Many stock gifts are received without a donor's address, impeding our ability to thank you!

Template Letter

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 or if you don't need your required minimum distribution.

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. Please note that IRA charitable distribution gifts qualify for subtraction from your gross income instead of an itemized deduction.

Steps to making 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. Notify us so we can provide an acknowledgement for your gift

Start your IRA gift today by completing our template letter to your IRA administrator. In order to provide an acknowledgement for your gift, please notify us of the gift by contacting us. Many IRA gifts are received without a donor's address, impeding our ability to thank you!

Template Letter

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, Senior Director of Gift and Estate Planning at 317-224-1039 or Christi.Thieme@usc.salvationarmy.org

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 or Contact Us.

 

Donating from Your Donor Advised Fund

Donor Advised Funds, DAF, are a great tool for charitable giving. They can offer convenient gifting, flexible management, and tax benefits.

Direct your DAF grant to:

           The Salvation Army
           Donor Relations
           Indiana Divisional Headquarters
           6060 Castleway West Dr.
           Indianapolis, IN 46250
           Letter to Notify Charity of IRA Gift

Your DAF gift will be directly transferred to The Salvation Army to help continue our important work in your community.

Start a grant from your DAF today by completing our template letter to your fund provider. In order to provide an acknowledgement for your gift, please notify us of the gift by contacting us. Many DAF gifts are received without a donor's address, impeding our ability to thank you!

Template Letter

Investment, DAF, 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 or Contact Us.