Planting a Legacy
“A society grows great when men plant trees whose shade they know they shall never sit in.” -Greek Proverb
Today, one in six adults and one in five children are food insecure, and more than 100,000 people rely on our food pantries, soup kitchens, shelters and other partner agencies every month. It is a need that is not likely to end.
Planned giving allows you to protect and control your estate and assets, regardless of value while making a difference in the lives of others.
To help ensure The Food Bank will be able to meet the need tomorrow, and to plant a seed for future generations, consider joining the Heirloom Society and leave a legacy of hope.
Without a legal will, the state decides how to distribute your property and investments. The Food Bank has several planned gift options.
The Heirloom Society
The Heirloom Society honors those who have generously named The Food Bank for Central & Northeast Missouri in an estate plan such as a will, trust or insurance policy.
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. Simply talk to us about your plans and allow us to thank you for your generous investment. Members of the Heirloom
Society are recognized in an annual Honor Roll and receive invitations to special events.
We are happy to talk to you about your planned giving options and help determine the plan that is best for you.
Call a member of our development team at (573) 474-1020.
Gifts from Your Estate
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. Documenting these gifts assures you that your philanthropic intentions will be fulfilled.
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.
If you wish to defer your charitable gifts until the time of passing, the best assets to use may be your IRA, employer-sponsored retirement plan, annuity or other assets upon which income tax has been deferred. You may leave these assets to charity by simply naming the charity (such as The Food Bank) as the designated beneficiary.
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 term ends, assets remaining in the trust are used by the charity for the purpose you designate.
Charitable Gift Annuity
A charitable gift annuity is a contract between you and The Food Bank. In exchange for your irrevocable gift of cash or appreciated assets, The Food Bank agrees to pay a fixed sum each year for life to one or two annuitants, whom you name. When the gift annuity ends, the remaining assets are used to share food and bring hope.
Charitable Lead Trust
A charitable lead trust enables you to make a substantial gift to The Food Bank over a period of years. These trusts, 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.