East Stroudsburg Salvation Army creates ‘Hometown Fund’
Published: May 9, 2013
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The East Stroudsburg Corps of the Salvation Army has created a Hometown Endowment Fund that will exclusively benefit the East Stroudsburg Corps in perpetuity. Atty. Samuel Newman, chairman of the Salvation Army East Stroudsburg Corps Endowment Committee and his committee members were the driving force in the creation of the fund.
Newman said, “We have established this permanent endowment fund to provide a continuity of income for the services and operations of our local Corps. The fund puts your money directly into our local community through interest earned by the trustee-managed fund.”
Major James Gingrich, commanding officer of the East Stroudsburg Corps said, “Planned giving is a very important part of how we raise funds. In these times of cuts at all levels, we rely on the community to assist in feeding and housing the most vulnerable. Through the establishment of the Hometown Endowment Fund, we will be able to provide the desperately needed services to the residents of Monroe County.”
The Hometown Fund will accept all forms of gifts including stocks, bonds, real estate, life insurance and the remainder values of charitable trusts and gifts of annuities. Tax deductible gifts of cash or cash equivalents are fully deductible up to half of your adjusted gross income. Outright gifts and the remainder values of annuities, pooled funds, and charitable trusts may be designated to benefit the Hometown Endowment Fund regardless of value. To establish a segregated named or donor designated contribution, the minimum gift is $25,000.
Newman said, “You can direct your support to benefit particular programs in East Stroudsburg and make a direct gift or a pledge with scheduled payments.” He concludes, “We have had several requests for this type of fund that keeps the money in Monroe County and guarantees a future income stream for the East Stroudsburg Corps. There are no pre-qualifying forms, all donations are welcome no matter their size and form.”
Call the East Stroudsburg Corp at (570) 421-3050 to speak to Major Gingrich.
About The Salvation Army in Monroe County
This holiday season the East Stroudsburg Corps provided 1086 families with grocery orders which fed over 5,400 Monroe County residents.
The Toys for Joy, Toys for Tots and Angel Tree gift donations provided 11,453 toys and Christmas items to children and adults, and on an ongoing basis the Salvation Army feeds 573 Monroe County families monthly.
Across the nation, The Salvation Army served more than 43,700,000 meals to those in need.
This year, The East Stroudsburg Corps expects to provide more than 62,000 hot meals to hungry men, women and children in Monroe County and provide grants for rent, utility assistance, medicine and food for more thousands of families in desperate need.
The Salvation Army, an evangelical part of the universal Christian church established in 1865, has been supporting those in need in His name without discrimination for 130 years in the United States. Nearly 30 million Americans receive assistance from The Salvation Army each year through the broadest array of social services that range from providing food for the hungry, relief for disaster victims, assistance for the disabled, outreach to the elderly and ill, clothing and shelter to the homeless and opportunities for underprivileged children. 82 cents of every dollar spent is used to carry out those services in 5,000 communities nationwide. For more information, go to www.salvationarmyeaststroudsburg.org