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Making a gift from your Donor Advised Charitable Gift
Fund is a wonderful way to help your neighbors in need!
"The Salvation Army and all its good works have spoken to us for more than thirty years. And over this time period, this organization has not only continued to serve those in need in our greater community but it has also adapted and honed the best ways to meet the changing needs of our society.
By using a donor advised fund, it has allowed us to accumulate funds at the appropriate times and to greatly facilitate our future charitable giving potential.
This impact for us is twofold. Our charitable giving helps to support The Salvation Army in its ability to help those in crisis mode. But more importantly, it allowed us to be an early and ongoing supporter of the Pathway of Hope program. It is our dream that Pathway of Hope (and similar programs) will continue to grow and be successful so that families everywhere have the opportunity to break the cycle of poverty."
Janice and Tom
I cannot remember when we began supporting The Salvation Army, but it has been so long ago that I cannot remember not making an annual contribution. I would guess that we sent something annually ever since I finished my medical training and had something that we could give.
My father was a minister, who lost his job at a church when he was 62. My parents lived near Boston and my Dad did not want to relocate to another church at that age. He knew a Salvation Army Major who worked at The Salvation Army in Boston and this Major hired my Dad to be a counselor there. My father worked there and also in Brockton for the next ten years. He loved The Salvation Army and always told me about the good work it does with people. So, we support TSA because I am grateful that they helped my Dad and because of the great work they do with so many people in their times of need. We support the TSA because we know we can send our money and it will be used to do the most good. We trust TSA to use my money to its maximal benefit.
We use the Donor Advised Fund (DAF) because a person who advises me set it up several years ago because that year had special tax benefits. It enhances our giving because it is invested and grows so that we can give more than we could afford to otherwise. We want to leave this world knowing that we did our best to make it a better place for others. So, our philanthropy is designed to help groups that help people.
Paul D. Thompson, MD
Chief of Cardiology - Emeritus, Hartford Hospital
Professor of Medicine, University of Connecticut
Making a gift from your Donor Advised Charitable Gift Fund is a wonderful way to help your neighbors in need!
The process is quite simple, but there are two important steps you should take to make sure your gift is used as you intend:
1. Use our Tax ID Number (TIN) 13-5562351 each time you make a gift and share it with your Advisor. One caveat, this Tax ID Number is used for the entire Eastern Territory of The Salvation Army, so it’s important that you use the number, but also request that the donation be mailed to:
The Salvation Army
Southern New England Division
Office of Donor Relations
855 Asylum Avenue
Hartford, CT 06105
2. You will also want to ask your Advisor to note if you are making an unrestricted gift (use where it is needed most) or if you would like the funds applied to a specific area of our service (restricted). You can support the Army’s efforts near or far (as in a national or international disaster, for instance) through our office. We will see that your gift is sent to the location you desire – even overseas. If you would like to direct your gift to a specific area of our service, please make that clear on your gift. For example:
Taking these steps will help us apply your gift as you intend and will also enable us to acknowledge your donation as soon as it arrives and more quickly distribute the funds.
Given the implications of the new 2018 tax law on your tax situation, a gift to your donor advised fund can be used to help in your tax and financial planning. For example, there may be times when it serves you best to “bunch” your giving to your DAF into a large “one time gift” vs. making smaller gifts spread out over multiple years. This is just one suggestion, however there are numerous other strategies we can suggest. We can work with you and your CPA who, as a trusted advisor, can offer expert guidance specifically suited to your particular circumstances in this area.
Would you like to use your Donor Advised Fund to leave a lasting legacy?
Almost any financial arrangement that allows you to name a beneficiary can be used to benefit The Salvation Army. For example, you can make The Salvation Army the beneficiary of your Donor Advised Fund. And when you pass away, your children may recommend gifts from your Donor Advised Fund to carry on your legacy of giving.
Using the right language in legacy giving is important.