Planned Giving: How to Maximize Your Philanthropic Goals

- November 30, 2017

Philanthropy is very personal, so is caring for your loved ones. Did you know you can provide for your family and leave a special legacy gift to those charities that are important in your life? When planning a gift to Food & Friends now or in your long-term financial or estate plans, you will help improve the lives and health of people with HIV/AIDS, cancer, diabetes and other serious illnesses by ensuring they receive the nourishment they need to manage their illness.

Here are some popular and easy ways you can give to Food & Friends that will help our clients today or leave a legacy for many years to come.

Tax-Free IRA Rollover

In December 2015, the IRA Charitable Rollover became permanent – allowing individuals over age 70½ to rollover, tax-free, up to $100,000 from their IRA to charity. You can donate directly from your IRA to Food & Friends and reduce your tax bill.

Simply ask your IRA administrator to transfer a tax-free amount of your choice from your account to Food & Friends using our Tax ID Number: 52-1648941.

Your gift will count toward your Required Minimum Distribution (RMD). You can choose to allocate a portion or all of your RMD to support our mission (up to $100,000 per year).

Securities

It’s more and more common for people to give stocks, bonds, and mutual funds. Because of tax considerations, you can often give appreciated assets, and enjoy the full tax deduction, rather than paying capital gains tax.

Please let us know if you plan to give securities, so we can properly thank you. Please call or email Marilyn Turner at (202) 269-6849 or mturner@foodandfriends.org for stock transfer information.

Life Insurance

People often have life insurance policies they no longer need. Policies taken out to protect mortgages which have since been paid or educational plans that have been completed, for example, make excellent gifts.

You can donate your policy to Food & Friends, take a deduction, deduct future premium payments, if any, and make an extraordinary gift to continue to improve the lives and health of people with HIV/AIDS, cancer and other serious illnesses. If you own the policy on your own life, you will also get the value of the policy out of your taxable estate.

Retirement Plans

You may find that you can make the largest gift of your life from “what’s left” in your retirement account or pension plan. This allows you to provide for your retirement first, and then name Food & Friends as a beneficiary.

Your Will or Trust

Your will can be a way to make thoughtful gifts, in addition to being one of the simplest methods to distribute your estate, to loved ones and causes you care about.

By designating Food & Friends as a beneficiary through your will or your trust, you can continue to support our work beyond your lifetime.

Be sure to use our correct legal name and address, and Federal Tax ID in your documents: Food & Friends, 219 Riggs Road, NE, Washington, DC 20011, Federal ID:  52-1648941.


If you have any questions or would like additional information on these giving opportunities, or would like to share that you have already included Food & Friends in your estate plans, please contact Marilyn Turner at (202) 269-6849 or mturner@foodandfriends.org. You may also visit www.foodandfriends.org/plannedgiving