Gifts That Cost You Nothing Now
Gifts in a will or by beneficiary designation are two easy ways to serve local communities for years to come — and they don’t cost anything now.
If you have already included a gift in your estate plans to benefit the future of The Salvation Army, be sure to let us know so that we may best honor your wishes.
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for The Salvation Army. Once you have provided for your loved ones, we hope you will consider making our effort part of your life story through a legacy gift.
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A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
LASTING IMPACT
Your gift will create your legacy of meeting human need in Jesus’ name for generations to come.
FLEXIBLE
You can alter your gift or change your mind at any time and for any reason.
NO COST
Costs you nothing now to give in this way.
Four simple, “no-cost-now” ways to give in your will
General gift
A general bequest is a gift of a specific amount.
Residuary gift
Specific gift
Contingent gift
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to The Salvation Army contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in helping those in need — and it costs you nothing now.
By naming The Salvation Army as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of serving those most desperate for physical, emotional, and spiritual assistance.
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Potential benefits of gifts by beneficiary designation:
Reduce or eliminate taxes
Reduce or avoid probate fees
No cost to you now to give
Create your legacy with The Salvation Army
Types of Gifts
Retirement plan assets
You can simply name The Salvation Army Eastern Territory as a beneficiary of your retirement plan to support those trying to get their lives back on track.
Life insurance policies
You can name The Salvation Army Eastern Territory as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, The Salvation Army will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
Bank or brokerage accounts
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name The Salvation Army Eastern Territory (Tax ID: 13-5562351) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward doing the most good wherever and whenever it’s needed for generations to come.
Funds remaining in your donor-advised fund
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name The Salvation Army Eastern Territory as a “successor” of your account or a portion of your account value, you enable The Salvation Army to share God’s love and meet human need in Christ’s name wherever, whenever, and however we can, without discrimination.
How to update a beneficiary designation:
Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.
Please use our legal name: The Salvation Army Eastern Territory
Include our tax identification number: 13-5562351
Please let us know so we can ensure that your wishes are carried out.
Our Team is Here to Help
Our experienced team is here to help you…
- Learn about special projects that align with your interests.
- Structure a donation that maximizes benefits for you and your loved ones.
- Stay up to date on how your gift is used.
- And more!
Dr. Scott Janney
Director of Gift Planning, USA Eastern Territory
