Please consult an attorney, accountant or other professional whom you trust when planning or asking for advice on estate and tax planning.
Designate specific assets to benefit The Food Bank’s mission of feeding the hungry. Besides cash gifts, please consider bequeathing stocks, bonds or other property. A bequest may offer generous tax advantages.
A Charitable Remainder Trust is a valuable gift that ensures financial security for you or a loved one and earns immediate tax deductions. Income is paid for a lifetime or a specified term, either as a fixed annual sum (Annuity Trust) or as a percentage of that trust’s annual fair market value (a Unitrust). When the trust terminates, the assets will benefit those The Food Bank serves.
Through a Charitable Lead Trust, you may temporarily assign the income from designated assets to benefit The Food Bank. You earn charitable tax deductions for the income The Food Bank receives during the trust’s term. When the trust terminates, the assets return to your control and the income is taxable once again.
Make an annuity gift now and receive a lifetime income for yourself, a spouse or anyone else you designate, in exchange for a gift of cash, stock or securities. Upon your death, the gift remainder supports The Food Bank.
A gift of appreciated stock (held more than one year) makes an excellent donation. It’s deductible at its fair market value, and you avoid all capital gains taxes on the increase in value while receiving a charitable tax deduction.
Give a gift from a retirement or pension plan. Funds beyond the comfortable support of yourself or a loved one may be given to The Food Bank to help the hungry.
Naming The Food Bank as the beneficiary to receive all or part of the proceeds of an existing life insurance policy entitles you to a charitable deduction from estate taxes at your death. You may also take out a new policy with the endowment listed as beneficiary or co-beneficiary.