SEEDS OF HOPE Planned Giving

Leaving a Legacy with Inter-Faith Food Shuttle

Like so many, you’d like to know that the causes and organizations you care about will continue to thrive in the future. With a little planning, you can ensure that happens. You can plant those seeds of hope and leave a legacy that will FEED, TEACH, GROW, and CULTIVATE a hunger free community with Inter-Faith Food Shuttle.

It is something that we can all do—it’s not just for the wealthy. Making a planned charitable gift to Inter-Faith Food Shuttle is simple, easy to do, and can benefit both you and our neighbors in need for years to come.

WHAT EXACTLY IS PLANNED GIVING?

Planned charitable giving is the transfer of a designated portion of your assets to the charity of your choice during your lifetime or as a part of an estate plan. You make it your personal plan by deciding what you care about most and what you want your future charitable gifts to impact.

BENEFITS

  • You leave a lasting legacy to causes that are important to you.

  • It can lessen the tax burden on you and your family, depending on the type and amount of your gift.

  • They work to benefit you and all your chosen beneficiaries, existing side by side with other personal priorities.


Leaving a legacy doesn't have to be difficult.

Planned giving doesn’t have to be difficult, and you don’t have to be wealthy to do it. There are a variety of ways to leave a meaningful legacy. Always consult your financial/legal advisor when planning.


Common Approaches To Giving

Beneficiary Designations: Most retirement plans, annuities, and life insurance policies let you decide in advance how your assets will be distributed after your death. They do this by asking you to designate beneficiaries, such as your favorite charity, on a beneficiary designation form.

Donor-Advised Fund: Donor-advised funds are one of the fastest growing, easiest, and most tax-advantageous ways to give to nonprofit organizations. They allow donors to make a charitable contribution, receive an immediate tax deduction, and then direct grants from the fund to their favorite cause whenever they choose. And donors can contribute to the fund as frequently as they like.

Gifts from an IRA: A simple, cost-effective way to benefit a charity of your choice and receive tax benefits is to use an IRA Charitable Rollover (Qualified Charitable Distribution). If you are 70 ½ years old or older, every year you can ask your IRA administrator to transfer up to $100,000 directly to a non-profit of your choice. Because your gift goes directly to a qualified organization, the IRA distribution is excluded from your adjusted gross income for income tax purposes.

Gifts of Appreciated Stock: You may be able to maximize your gift and your income tax deduction by donating long-term appreciated securities, including stocks, bonds, and mutual funds, directly to a charity. By donating appreciated stock directly to the organization, the donor avoids recognition of capital gain and eliminates any income tax resulting from the sale of the stock.

Living Trust or Will: Making a gift through your will or living trust is one of the easiest ways to give into the future. You can designate family, friends, or your favorite cause as part of your estate plan. Even a small percentage can have a big impact.

”I have found that the Food Shuttle is a cost-effective charitable organization that we can be really proud of, right in this area…I knew that I couldn’t solve all the hunger problems; my future gift is but a drop in the big bucket. But maybe together, we can slowly fill that bucket up.” – Mac & Lindsay Newsom

Where to Begin

(1) Determine what you want to accomplish with your charitable gift.

(2) Contact the Food Shuttle for additional information and to discuss how your wishes can make a lasting impact.

Lori Richards, Vice President of Advancement | (919) 867-6722 | Lori@FoodShuttle.org