There are three types of planned gifts that Food for Others is able to receive. All three are revocable, meaning you can change the terms during your lifetime. The examples below are suggested language for making an unrestricted gift. If you prefer to designate your gift for a particular purpose, we would be happy to provide specific language for you to use.
The most well-known planned gift is a bequest. This simply means that you include Food for Others in your will. You don’t have to be wealthy to make a significant contribution to the mission and sustainability of Food for Others. Charitable bequests are fully deductible from your estate’s taxes. Some examples of bequest language are as follows:
Specific bequest- Food for Others receives a specified amount.
“I give, devise, and bequeath____________________(percentage amount, dollar amount, or description of asset) to Food for Others, a charitable corporation located at 2938 Prosperity Avenue, Fairfax, VA 22031, for the general support of Food for Others.”
Residuary bequest – Food for Others receives all or a percentage of the remainder of your estate after any other specific bequests or estate expenses have been paid.
“I give, devise, and bequeath all of the rest, remainder, and residue (or___percent) of my estate to Food for Others, a charitable corporation located at 2938 Prosperity Avenue, Fairfax, VA 22031, for the general support of Food for Others.”
You can name Food for Others as a beneficiary of the remainder of your retirement assets from IRA, 401k, 403b, tax-sheltered annuity, or other qualified plans, avoiding both income and estate taxes on the assets you donate. To add Food for Others, access the Change of Beneficiary form from your plan’s website or from your retirement plan administrator.
Make a gift by transferring a paid-up policy to Food for Others or by naming Food for Others as owner and beneficiary of a new or non-paid-up policy.
Food for Tomorrow Society
Food for Others is grateful to receive planned gifts of any size. However, to join the Food for Tomorrow society, we ask that the potential of your gift be at least $10,000.