Bond Financing Profile: The Salvation Army

The Salvation Army


LOCATION: Anaheim, Long Beach Los Angeles, San Diego, Santa Barbara, and Tustin, CA


AMOUNT ISSUED: $51,895,000 – 501(c)(3) Bond


DATE ISSUED: June 28, 2016


ABOUT: In addition to mobile programs such as disaster relief and homeless soup lines, the Salvation Army U.S.A. Western Territory currently operates hundreds of facilities, including day-care, community and adult rehabilitation centers, and summer camps. The bonds refinance outstanding tax-exempt IBank Refunding Bonds, which went toward capital improvements at community, fine arts and day care centers, and shelters.