Gifts of Beneficiary Designations
A beneficiary designation is the simplest way to make a legacy gift to Feeding America. When you complete your beneficiary designation form, just name Feeding America as a full or partial beneficiary and provide our tax identification number. In addition, these gifts bypass probate and go directly to all beneficiaries.
Here are some common designation options:
Retirement plans [e.g., traditional IRA, Keogh, 401(k)]: Including Feeding America as a beneficiary enables you to avoid substantial income taxes that would have been due if a retirement plan were left to non-spousal heirs. It is strongly advised that you name Feeding America as a beneficiary of a retirement plan through your designation form and not through your will, which may jeopardize tax benefits.
Insurance policies: There are a number of ways you can name Feeding America as a beneficiary of an insurance policy, whether through your employer or a separate policy that you hold. Such a gift may provide you with current and future tax benefits.
Savings accounts: Designating Feeding America as a beneficiary of a savings account is simple and allows full use of savings during your life.
For more information about beneficiary designations, please contact us at plannedgiving@feedingamerica.org or 1-800-910-5524.
Donating Real Estate
Our staff will work closely with you and your advisors to facilitate a gift of residential or commercial real estate or time shares. Through a retained life estate arrangement, you can donate a remainder of interest in your home to Feeding America and retain lifetime residency rights for you and your partner. A gift of real estate may result in significant tax benefits while providing major support for our hunger-fighting work.
Please contact us at plannedgiving@feedingamerica.org or 1-800-910-5524 for more information about donating real estate.