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- CORPS – FAITH COMMUNITIES
  
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- 2020-2022 IMPACT REPORT
  
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LOCATIONS
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Donor Advised Funds

Your generosity supports programs that help children like Luisa and her parents thrive, thank you!

Give from Your Donor Advised Funds

A donor advised fund (DAF) is a type of giving program administered by a third party that allows you to combine the most favorable tax benefits with the flexibility to easily support your favorite charities.

It is created for the purpose of managing charitable donations on behalf of an organization, family or individual. DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals.

DAFs allow donors to make gifts of cash, stock and other assets to the DAF. The donor receives an immediate tax deduction when the contribution is made. However, distributions from the DAF are not required immediately. Donors may take time to discern and select grants of specified amounts to the charities of their choice before advising their DAF administrator to make a gift to their charity.

3 Easy Steps to Using Your DAF to Support The Salvation Army

First, you must have an account set up with a charitable organization that supports Donor Advised Funds such as Fidelity Charitable or Bank New York Mellon (BNY Mellon).
Second, you must advise how your funds are to be invested with your chosen DAF-supporting organization. For gifts to come to us, make sure you designate The Salvation Army in Nashville, TN as where you want the gift to be used.
Finally, you direct your DAF Administrator to make the gift to The Salvation Army (EIN: 580660607)

Create a Donor Advised Fund through The Salvation Army.

If you have not created a Donor Advised Fund yet, The Salvation Army can help you create one.

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

Chris Head
Senior Divisional Resource Development Director
502-357-8517
[email protected]

The Salvation Army Donor Advised Fund, a fund within the BNY Mellon Charitable Fund (“Gift Fund”), offers a simple and tax-efficient way to maximize the impact of your charitable giving. Contributions may be eligible for a tax deduction and grow tax-free, leveraging the value of your philanthropy. Grants are distributed at your own pace, providing the opportunity to develop a strategic approach that better supports your philanthropic vision.

HOW IT WORKS

Contribute

Make irrevocable gifts of cash, securities, or complex assets to The Salvation Army Donor Advised Fund, split evenly into two accounts:

Discretionary Account: Grant to eligible charities (including The Salvation Army)
The Salvation Army Only Account: Grant to The Salvation Army only

Invest

Recommend the investment strategy that best fits your giving plans

Grant

Research charities and make grant recommendations online

Track grant and gift history, change investment options, view statements, and manage your account online

WHY CHOOSE THE SALVATION ARMY DONOR ADVISED FUND

Easy to establish
Offers robust online capabilities
Streamlines tax documentation

Gifts may be eligible for income tax deduction
Gifts of appreciated securities can offset capital gains taxes
Assets grow tax-free

Offers a variety of investment options, including ESG & index strategies
Accepts complex assets
Allows committed support to The Salvation Army through structure

Helps secure your legacy with The Salvation Army
Integrates philanthropy into financial planning and objectives
Enables you to share family values with future generations

THE SALVATION ARMY DONOR ADVISED FUND DETAILS

Contribute

Minimum Initial Contribution: $5,000
Minimum Additional Contributions: $250

Grant

Minimum Grant: $250
Maximum Grant: Unlimited (up to account balance)
Anonymous Grants: Yes

Invest

ESG Investment Strategies

These pools invest in managers that consider environmental, social, and governance (ESG) issues in their investment process

ESG Maximum Income
ESG Income
ESG Growth & Income
ESG Growth
ESG Aggressive Growth

Traditional Strategies

Cash Reserve
Maximum Income
Income
Growth & Income
Growth
Aggressive Growth

Index Based Strategies

Cash Reserve
Large Cap Stock Index
Small/Mid Cap Stock Index
International Stock Index
U.S. Core Bond Index

For a Discretionary Account or The Salvation Army Only Account with assets greater than $3 million, individual security models can be selected to align with philanthropic objectives.

HOW TO GET STARTED

Before participating in The Salvation Army Donor Advised Fund, you should consult with your personal tax or legal advisor.

ABOUT THE BNY MELLON CHARITABLE GIFT FUND

The Gift Fund was established in 2013 to provide donors with a structured means to express their philanthropic values and priorities to family members and the community. Since that time, the Gift Fund has distributed more than $100 million to over 3,000 charities.

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.