A Gift that Pays You Income for Life

Have you ever wished you could do more for those in need? Perhaps you can! Many donors enjoy the satisfaction and security of a gift that pays income.

How it Works

A life income gift is an agreement between you and The Salvation Army.

• You transfer property to The Salvation Army Indiana Division. In exchange we pay you fixed income for life.
• Income can be quite high depending on your age.
• A portion of your income stream may even be tax free.
• You will receive a charitable deduction for your gift to The Salvation Army Indiana Division and the satisfaction of furthering our mission.

Types of Assets You May Give

• If you decide to fund your income gift with cash, a significant portion of the yearly income will be tax free.
• You may make a gift of your appreciated securities to fund an income gift and avoid a portion of the capital gains tax.

Start Receiving Payments Now

If you desire current income, you may transfer property in exchange for our promise to pay you fixed income beginning as early as this year. You will receive a current income tax charitable deduction for the value of your gift to Salvation Army Indiana.

Life Income Gift Benefit Deferred to Future Date

Perhaps you are not ready to begin receiving income until a future date, such as when you retire. You can establish a deferred income gift, receive a charitable income tax deduction this year and receive payments at a designated future time. Best of all, because you deferred your payments, your yearly income will be higher than if you begin receiving payments right away.