The Salvation Army depends on people like you to help us reach out to those in need in our communities. Identified by author and management expert Peter Drucker as "by far the most effective organization in the United States," The Salvation Army invests the charitable gifts it receives in the lives of men, women, and children who need a hand up.
"No one even comes close to it in clarity of mission, ability to innovate, measurable results, dedication, and putting money to maximum use," Drucker said. (Forbes, August 11, 1997)
A gift of cash is a simple and easy way for you to make a gift. You will receive a charitable tax deduction that will provide you with savings on this year's tax return.
Avoid paying capital gains tax.
Receive a charitable income tax deduction.
Enjoy possible increased income.
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 our organization. As a charity, we are not taxed upon receiving an IRA or other retirement plan assets.