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.
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.
For more information about donating real estate, please contact us.