Gifts That Pay You Income
You can serve others in local communities while earning an income from your gift.
Charitable Gift Annuities
Charitable gift annuities (CGAs) offer a secure, fixed payment stream for yourself and/or a loved one for your lifetime(s). You will also receive tax benefits and the satisfaction of creating a lasting legacy through The Salvation Army.
How it works:
- You donate cash or appreciated securities worth $10,000 or more to The Salvation Army. In return, you and/or another beneficiary will receive fixed payments for life.
- Your payment rate is based on your age (payments start at age 65 or later) and will never change.
- A portion of your payments will be tax-free.
- The older you are — or the longer you defer starting your payment — the higher your payments will be.
Benefits to you include:
![](https://myimpact.easternusa.salvationarmy.org/wp-content/uploads/sites/133/2022/11/hand-2.png)
Lifetime payments that will never change.
![](https://myimpact.easternusa.salvationarmy.org/wp-content/uploads/sites/133/2022/11/tax-53.png)
Capital gains tax savings when you fund your CGA using appreciated stock.
![](https://myimpact.easternusa.salvationarmy.org/wp-content/uploads/sites/133/2022/11/piggy-bank-37.png)
You are eligible for an immediate charitable income tax deduction.
![](https://myimpact.easternusa.salvationarmy.org/wp-content/uploads/sites/133/2022/11/gift-box-51.png)
Your gift passes to The Salvation Army outside of the estate process.
![](https://myimpact.easternusa.salvationarmy.org/wp-content/uploads/sites/133/2022/11/donate-6.png)
You create your legacy of meeting human need in Jesus’ name.
Charitable Remainder Trusts
A Charitable Remainder Trust (CRT) is a tax-free trust that pays you and/or other beneficiaries an annual distribution. This payment is either a percentage of the annual value of the trust, or a percentage of the original gift amount.
How it works:
- You transfer cash or an appreciated asset* into an irrevocable trust.
- The trustee then sells the asset, paying no capital gains tax, and reinvests the proceeds.
- For the rest of your life (or a term of years), you and/or another beneficiary receive payments from the trust.
- After your lifetime, the remaining principal is used to support the mission of The Salvation Army.
Benefits to you include:
![](https://myimpact.easternusa.salvationarmy.org/wp-content/uploads/sites/133/2022/11/hand-2.png)
You receive income for life for you or your heirs.
![](https://myimpact.easternusa.salvationarmy.org/wp-content/uploads/sites/133/2022/11/piggy-bank-37.png)
You receive a charitable income tax credit for the charitable portion of the trust.
![](https://myimpact.easternusa.salvationarmy.org/wp-content/uploads/sites/133/2022/11/donate-6.png)
You create your legacy of serving local communities and preaching the gospel of Jesus Christ.