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- Planned Giving
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- 2022 ANNUAL REPORT
  
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Creating Your Legacy

Contact me to learn how confidential, personal financial planning can help you achieve your goals while helping to sustain our life-changing mission.

Richard Metzgar

Associate Director Planned Giving
410-507-5779
[email protected] (email)

Establish Your Personal Legacy

Your personal legacy is a wonderful way to inspire in others the qualities that mean that most to you. The plans you make today, including your will, define your legacy.

The most basic and important part of establishing your legacy is having a proper will. It’s only the way to make sure your wishes for the future are carried out. Through a proper will, you can have a significant impact on the people and causes you care about… forever. We hope you will consider Doing The Most Good® by including a gift to The Salvation Army in your will or other plans.

Including a charity in your will

A gift made through your will is called a charitable bequest. Bequest gifts are revocable, meaning you can change your will at any time if your circumstances change. There are four basic types of charitable bequests.

A General Bequest gives sum of money or percentage of an estate.
A Specific Bequest is a gift of a specified item, asset, stock or fund.
Residual Bequests give the remaining balance of your estate after all other obligations have been met. For example, you could leave a specific dollar amount to your children, and any value over that amount would go to charity.
With a Contingent Bequest, you can specify that a charity only receive the gift if certain conditions are met. You could specify, for example, that if one of your beneficiaries dies first, then that share of your estate will go to charity.

Benefits of a Charitable Bequest

Approximately one-third of our funding comes from wills and trusts, both large and small. The easiest way to remember The Salvation Army in your will is through a charitable bequest.

A charitable bequest is simply a gift made to charity through your will, and, in addition to continuing your valuable support of The Salvation Army, including a bequest in your will can offer several benefits.

You can designate your bequest be used as needed, or specify an area of interest to you.
Charitable gifts in your will are 100% deductible for estate tax purposes.
A charitable bequest could reduce or eliminate estate tax purposes.
Supporters can often make larger gifts through their will than are possible with current income.

Financial rewards are only a small part of the benefit a partnership with The Salvation Army provides. By including The Army in your will, you can extend your support beyond your lifetime, creating a personal legacy of caring and support for the future.

Whether you leave a bequest or not, we are always there to provide planning assistance for our supporters, and there is never an obligation of any kind. We are happy to offer additional help with your will or information on other ways to preserve more of your estate for future generations. Contact us today if you would like more information for including charity in your estate plans.

Tax-Wise Planning

*Individual results vary depending on your situation. We encourage you to consult your advisors regarding financial and charitable plans. Charts assume estate tax rates effective April 2016, and are subject to change.

IMPORTANT MESSAGE:
Most Supporters who leave a legacy in their estate plans, want their future gift to be used for the local community. Please contact me for the specific wording to use in your Will, Trust or Retirement Plan to make certain that your gift supports The Salvation Army location and program that you would want to benefit.