Planned giving
Planting a Legacy of Hope
The Heirloom Society honors those who’ve generously named The Food Bank for Central & Northeast Missouri in an estate plan. Because these gifts are realized after a donor’s lifetime, the Heirloom Society recognizes your intention to include The Food Bank in your estate plan such as a will, trust or insurance policy.
As a part of The Food Bank’s Giving Circle, Heirloom Society members receive exclusive Food Bank news, updates and other recognition.
The Food Bank has several planned giving options
estate Gift
Gifts made through your will or trust enable you to retain control of your assets during your lifetime and determine the distribution of your assets upon your passing.
Tax Deferred Gift
If you wish to defer your charitable gifts, the best assets to use may be your IRA, sponsored retirement plan, annuity or other asset upon which income tax has been deferred. You may leave these assets to charity simply by naming the charity as the designated beneficiary.
Life Insurance
Gifts of life insurance enable you to make a substantial future gift by making small premium payments over time. Insurance proceeds go to The Food Bank.
Charitable Remainder Trust
A charitable remainder trust is created when you transfer assets into an irrevocable trust and name a charitable beneficiary, such as The Food Bank. The trust invests the assets and pays an income to you (or other beneficiaries you select) for life or for a set term of years. When the terms ends, assets remaining in the trust are used by the charity for the purpose you designate.
Charitable Lead Trust
A charitable lead trust enables you to make a substantial gift to The Food Bank over a period of years. These results, usually funded with income-producing assets that are expected to appreciate, pay an income to The Food Bank. At the end of a specified term, the assets can either revert to you or be passed on to other designates.