Leave a Legacy
When thinking about your legacy, please consider including the Food Bank.
Legacy giving is a powerful way to make a lasting impact in your community. Ensure your assets are put to their best philanthropic use and distributed in a way that reflects your most cherished values. There are a variety of ways you can leave a legacy gift*, often referred to as planned giving.
We are here to answer your questions and help find the right gift for you.
Legacy Gifts Include:
- Real Estate
- Life Insurance Policies
- IRA Rollovers
- Wills or Trusts
- Charitable Annuity Trusts
- Charitable Gift Annuities
- Retirement Plan Assets
- Pledged gifts
Four easy steps to make a legacy gift
- Step 1 – Decide if leaving a legacy gift is within your financial forecast.
- Step 2 – Decide which type of gift best aligns with your financial planning goals.
- Step 3 – Consult with your financial or legal advisor to confirm your legacy gift will be implemented when you are ready.
- Step 4 – Please contact Vice President of Development and Communications Kim Castaneda at (925) 676-7543 x 265 or email@example.com to let us know you plan to include the Food Bank in your will so we can keep you up to date on our work.**
* It is recommended you consult with your tax or legal advisor prior to making a legacy gift.
** There is never an obligation for requesting planned giving information. All of your information is maintained confidentiality. We never release, share, sell or rent names, addresses, etc.
A simple designation in your will or trust. Retain control of your assets during your lifetime. Adjust your gift if circumstances change.
Transfer cash, securities or other assets to the Food Bank in exchange for fixed annual payments for life that are partially tax-free! The remaining principal will benefit the Food Bank. Start payments now or later. Potential savings on capital gains tax.
Provides the Food Bank with an income stream for a specified term while allowing you to pass on appreciating assets to your heirs in the future. Appreciation in the trust passes tax-free to your heirs. Reduces your gift and estate taxes. Reduces or eliminates transfer taxes due when principal reverts to your heirs.
Transfer assets into a trust that pays income for life or a fixed number of years. The remaining principal will benefit the Food Bank. Receive an income tax deduction. Potential savings on capital gains tax.
A gift of cash or a pledged gift to be paid over time is a straightforward way to donate and qualifies for tax benefits. Additionally, gifts of securities and mutual funds help avoid capital gains tax.
Make a tax-deductible gift to the Food Bank to establish a donor-advised fund today. Decide later how and when to make fund distributions. Assets grow tax free! Qualify for an income tax charitable deduction. Distribute funds to the Food Bank and other charities over time. Simple to direct through your established financial institution. Assets already earmarked for charitable use.
Name the Food Bank as your life insurance policy beneficiary. Simple to do. Irrevocably donating an existing policy you no longer need may provide you with an income tax charitable deduction.
Allows individuals 73 or older to meet required minimum distributions of IRA rollovers without increasing their taxable income or triggering phaseouts, which can limit tax deductions. Donate up to $100,000, potentially increasing charitable giving to $200,000 for married couples.
Name the Food Bank as a beneficiary of an Individual Retirement Account (IRA), 401k or other retirement plan. Retain control of your assets. Simple to do. May avoid significant tax burdens for your heirs. Adjust your designation if circumstances change.