Tag Archives: Midland

Charitable Gift Annuities, A New Option for Your Retirement Plan

By: Tim Henry, Director of Planned Giving

The nation slowly continues the long road of recovery from the “The Great Recession”, or the other assorted names it has been known in news headlines, but average Americans care little of the names used by the media they care about the impact the downturn has taken on the financial security their families.  As the country starts this economic recovery, one of the main areas of damage the average American is trying to repair is the damage done to their retirement plans.  However, uncertainty in the stock markets and low return on investment offered by investment vehicles like, five year certificates of deposits and 10 year Treasurys, both of which currently have rates of return around 2% annual percentage yield, have left many looking for a suitable alternative to traditional investment opportunities.  One such alternative option is a Charitable Gift Annuity, while not an investment but a gift, it can be used to provide a measure of income security during one’s lifetime and leave a charitable legacy.

A Charitable Gift Annuity as the name suggests is a combination of an outright charitable gift and the purchase of a fixed income annuity contract.  The terms of the annuity can be set to either provide immediate payment of income to the donor or defer payment of income for a period of time, for when a donor expects he or she will need additional income, such as during retirement.  Another, important factor to understand about a charitable gift annuity is that in order to qualify as a gift the rate offered by the charity must be lower than the rates offered by commercial insurance annuities. However, when compared to the rates of return of some commercial investment opportunities, charitable gift annuities provide attractive rates, as well as providing the donor the opportunity to donate to a cause in which they believe.  To paraphrase St. Paul’s sermon, “‘tis better to give than to receive,” and by making a gift though a charitable gift annuity you can both give and receive.

While calculating gift annuity rates is individualized to each donor, standardized rates based on age are set by the American Council on Gift Annuities, currently those rates provide a higher (4.7% for a person age 65, 6.8% for a person age 80) annual percentage yield rate than the 2 percent presently received by investing in certificates of deposit and Treasurys.

The current American Council on Gift Annuities rates took effect on January 1, 2012, however, the Salvation Army is still offering the higher 2011 American Council on Gift Annuities rates. Thus, under the current Salvation Army Charitable Gift Annuity rates, subject to individual circumstances, a person 65 years of age giving a single life charitable gift annuity could see a income return of 5.3%, and  a person 80 years of age giving a single life charitable gift annuity could see a income return of 7.5%.

It is important to act quickly to take advantage of the current rates offered by The Salvation Army Charitable Gift Annuities as the rates will be adjusted later this year to match the rates published by the American Council on Gift Annuities.

By taking advantage of the current rates and making a gift to the Salvation Army through a charitable gift annuity you will be able to both give and receive and help the Salvation Army with the mission of Doing the Most Good.

For information concerning current rates and other options related to charitable gift annuities please contact the Salvation Army Midland Division Planned Giving Department at 1-800-533-6865

Current American Council on Gift Annuity Rates for Single Annuity

Age

Rate

Age

Rate

Age

Rate

5-10

2.0

50

3.7

73

5.5

11-15

2.1

51-52

3.8

74

5.7

16-19

2.2

53-54

3.9

75

5.8

20-23

2.3

55

4.0

76

6.0

24-26

2.4

56-57

4.1

77

6.2

27-29

2.5

58

4.2

78

6.4

30-32

2.6

59

4.3

79

6.6

33-34

2.7

60-61

4.4

80

6.8

35-36

2.8

62-63

4.5

81

7.0

37-38

2.9

64

4.6

82

7.2

39-40

3.0

65

4.7

83

7.4

41-42

3.1

66-67

4.8

84

7.6

43

3.2

68

4.9

85

7.8

44-45

3.3

69

5.0

86

8.0

46

3.4

70

5.1

87

8.2

47

3.5

71

5.3

88

8.4

48-49

3.6

72

5.4

89

8.7

90+

9.0

Age

Rate

Age

Rate

Age

Rate

5-10

3.0

58-59

4.7

76

6.6

11-15

3.1

60

4.8

77

6.8

16-19

3.2

61

4.9

78

7.0

20-23

3.3

62

5.0

79

7.3

24-26

3.4

63

5.1

80

7.5

27-29

3.5

64

5.2

81

7.7

30-35

3.6

65

5.3

82

7.8

36-39

3.7

66

5.4

83

8.0

40-42

3.8

67

5.5

84

8.2

43-45

3.9

68

5.6

85

8.4

46-47

3.0

69

5.7

86

8.6

48-49

4.1

70

5.8

87

8.9

50-51

4.2

71

5.9

88

9.2

52-53

4.3

72

6.0

89

9.5

54-55

4.4

73

6.2

90+

9.8

56

4.5

74

6.3

57

4.6

75

6.5

Potential Single Annuity Rates for Salvation Army Charitable Gift Annuity

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Answering the Call: Salvation Army EDS in 2012

NEW YEAR, NEW HOPE, NEW CHALLENGES: A Blog Series

This entry is from Anthony DiStefano, Director of the Midland Divsion’s Emergency Disaster Services

The April floods of the Mississippi River in Southeastern Missouri stretching from Cape from Girardeau to New Madrid; the floods of the same month of the Mississippi and Ohio Rivers in both Southwestern and Southeastern Illinois encompassing the entire lower portion of the State from Chester to Shawneetown; the Missouri tornados in Sunset Hills and Sedalia; the flooding of the Missouri River in July of the northeastern portion of the state all the way to the interior of the state at Washington; about three dozen auto accidents; an almost endless parade of residential and business fires; and the devastating Joplin tornado: The Salvation Army Emergency Disaster Services (EDS) department of the Midland Division was present at all of these events.

I expect 2012 to be much the same.

Canteens, trailers, communications equipment, food, beverages, clothing, temporary housing, organization, discipline, motivation, and the most important ingredient of all, the life-blood of The Salvation Army’s EDS department – our volunteers.

Even though each and every disaster is unique in its own right, the variables for dealing with each disaster change very little, and the goals never change.

The goal we are all striving for in the EDS department is getting as much help and support as quickly as possible to as many men, women and children affected by the disaster they are currently living through.

To have the EDS department prepared to meet any disaster, I have instituted monthly training across the Midland Division and in every Corps and Service Extension unit; required new crews to be formed in all Corps and Service Extension units and to work in tandem with existing crews from the same areas; begun to refurbish all canteens, vehicles and trailers, and replace those that have seen enough service already; started to acquire new, more powerful and farther-reaching communication equipment; instituted a recognition program for our volunteers, who are as I said earlier, the life-blood of The Salvation Army’s Emergency Disaster Services department. This is all done with the one goal in mind: Doing The Most Good.

A tip of the cap from Scrooge…

by Tom Kovach, Major Gifts Director

In the Sunday’s Business edition of The St. Louis Post-Dispatch, the headline reads: Worthy charities earn Scrooge’s nod. It was written by Jim Gallagher, a well respected columnist for the newspaper.  Mr. Gallagher starts the article off by saying the older he gets, the more like Scrooge he becomes. He takes this approach to charity for 11 months of the year. 

Then after Thanksgiving, a strange malady overcomes him and Mr. Gallagher writes: “A warm and giddy feeling (a fever, perhaps?) grips me, and before I regain my senses, I write a bunch of checks. The Salvation Army, the St. Louis Area Foodbank, a couple of homeless shelters……” He goes on to pen that “we sufferers from Seasonal Charity Disorder need professional help.”  Mr. Gallagher is open and humorous with how he feels about giving to charity but the most important point the article made was: “When that warm and giddy check-writing impulses grips you, be sure you’re giving to charities that really do what they promise.”

Our promise to you is to continue to be accountable and transparent.  Eighty two cents on the dollars is distributed to programs and services in the St. Louis area and The Salvation Army takes a tremendous amount of care with your investment.  For example, the area that I specialize is major gifts and they come in all sizes from corporations to individuals and the best way to describe the collage of our donors was at the recent Tree of Lights kickoff luncheon.  A potpourri of donors were present- Edward Jones, St. Louis Design Alliance, St. Louis Equity Fund, AT&T, Albert Arno Heating and Cooling just to name a few.  New and current Salvation Army Midland Division board members mingled with guests.   This event was a mixture of brand new investors to The Salvation Army and our dear friends who have supported The Salvation Army for many years.

Whether you are a first-time donor or you make your gift in December each year, I highly encourage you to open and read prior testimonies from our social media pages to actually see how we make a difference in people’s lives!  The Salvation Army is a charity that really does what we promise.  Read what we do from these moving stories written by our Contest Specialist Danni Eickenhorst, officers and staff members, then decide at what level you think we are worth—it can be $50, $100, a dollar a day ($365), $2,500, a gift of stock, IRA contribution or much more.

You will find and rest assured your donation to The Salvation Army – no matter at what level– to be a positive, uplifting return on investment for the St. Louis region.

When it’s time to ask for help…

A message from Divisional Commander Lonneal Richardson

This year, nearly every location of The Salvation Army is reporting former donors who are now coming to The Salvation Army for aid. Young professionals and those who were nearing retirement who gave faithfully for years are finding themselves without a job, or with a depleted retirement fund and are having to come back to the organization they’ve long supported, this time seeking aid.

Over and over this year, our case workers have shared with us that clients who may be seeking food pantry assistance are reluctant to accept Christmas help, because they are holding out hope that things will get better for their families prior to the holiday.

We pray for each of our clients and their families that the economy will return once again strong and that there will be jobs enough for all who want them, but we want to encourage all clients and prospective clients who are presently in a tough spot to reach out and get the aid they need for the holidays. We are offering just three more days to apply for holiday assistance – whether it be toys for your children or a holiday meal, we have programs that can help.

Please take the aid we have to offer and give back one day when you’re in a better place. It is an honor for us to give a hand up to individuals this holiday season, and to ensure that no child goes without on Christmas morning.

On November 28 to 30, we will accept our final applications for holiday aid. If you or someone you know is in need this holiday season, we ask you to come out and let us share our gifts and prayers with you this season. Call 314-646-3000 for more information, or reach out to your nearest community center to schedule your appointment.

May God bless and keep you and yours this holiday season.

Major Lonneal Richardson
Divisional Commander, Midland Division

MasterCard employees donate their time to make over The Salvation Army’s O’Fallon Shelter

St. LouisMore than 75 MasterCard Worldwide employees converged upon The Salvation Army’s O’Fallon homeless shelter to work on a large-scale improvement project, a part of a United Way “Days of Caring” initiative.  

Team MasterCard employees add a basketball hoop to the shelter playground.

The O’Fallon location has realized and serviced an unprecedented level of need in the community throughout 2011 and was chosen to be the beneficiary of MasterCard’s volunteer service project to aid The Salvation Army, which now serves up to 500 area families on a monthly basis through its food pantry.  

“We’re pleased to have MasterCard volunteers supporting such an important project for The Salvation Army, an organization that does so much for our community to support our friends and neighbors in times of need,” said Amanda Gioia, Senior Business Leader of Worldwide Communications at MasterCard. 

In an effort to give back to the St. Louis community, MasterCard mobilizes employees to do good throughout the St. Louis area. In the past year, more than 1,300 volunteers have joined Team MasterCard in community service projects aimed at bettering the community in which they live and work. 

Volunteers performed deep cleaning, painting, landscaping and other projects throughout the O’Fallon campus that houses a community center, social services office, homeless shelter and church. Volunteer employees also constructed a basketball court near the shelter playground. 

“We are helping individuals and families at such a rapid pace that these projects are often placed on the back burner. The work that MasterCard employees are doing today is so important. A shelter in good repair gives residents a sense of pride in their surroundings, and a sense of stability. We are so thankful that they reached out to lend a hand,” says Salvation Army Captain Amy Jo Ferguson.

 The Salvation Army is an international organization that has been doing the most good in the St. Louis region for 129 years. The Salvation Army serves community members 24 hours a day, 7 days a week, 365 days a year through dozens of different programs and services that are designed to help people attain, or regain, self-sufficiency.

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