Salvation Army options for giving

Jamestown (CSi) The Salvation Army has options to donate through gift giving.

On Tuesday’s Wayne Byers Show on CSi Cable 2, the Salvation Army’s Planned Giving Division, Director, Faye Miller, said gifts may include giving to an endowment fund, or through a charitable gift annuity.

She travels North Dakota and Minnesota explaining certain types of gifts and funding options through the Salvation Army Gift Giving Division.

She pointed out that individuals may also remember the Salvation Army in their wills.

She pointed out that making a qualifying gift to the Salvation Army Endowment Fund, realizes a 40 percent North Dakota income tax credit to offset 2014 taxes.

She added that the credit is available to both individuals and businesses with the minimum qualifying gift at $5,000, which may be in lump sum form, or aggregated over the tax year.

The maximum credit for a single tax year is $10,000 for and individual $20,000 for a married couple and $10,000 for business entities. There are provisions for carryover.

She noted also, the North Dakota tax credit in connection with a Salvation Army Charitable Gift Annuity.

Also it’s possible to receive a 40 percent North Dakota tax credit, plus, receive payments for life with a Salvation Army Charitable Gift Annuity.

Gift of stock is also a giving option, and when transferred directly means avoiding as much as 24 percent in capital gains tax.

Also, use appreciated securities or mutual funds to fund the charitable gift annuity, or endowment with additional benefits.

She also pointed out that December 31^st is the deadline to make arrangements for 2014.

More information on the 40 percent North Dakota tax credit opportunity is available on line at www.ndtaxcredit.com or call 1-800-456-4483.

Those donating securities may call 651-746-3504.

Faye Miller may be contacted for more information at 701-219-9675, or E-MailFaye Miller@usc.salvationarmy.org