Create a Legacy of Fighting Hunger
As part of your Estate Planning, you can help ensure that future generations grow up healthy - not hungry - by making a planned gift to the Atlanta Community Food Bank. Your legacy gift helps us to secure and distribute food and groceries to those in need and promote solutions to hunger, now and for years to come.
Gifts of Retirement Assets and Beneficiary Designations
A beneficiary designation is the simplest way to make a legacy gift to the Food Bank. When you complete your beneficiary designation form, just name “Atlanta Community Food Bank” as a full or partial beneficiary and provide our tax identification number (58-1376648). 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 the Food Bank 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 “Atlanta Community Food Bank” 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 the Atlanta Community Food Bank as a beneficiary of an insurance policy, whether through your employer or a separate policy that you hold.
- Savings accounts: Designating the Food Bank as a beneficiary of a savings account is simple and allows full use of savings during your life.
Bequests and Wills
Please consider adding the Food Bank as a beneficiary in your will. You may be able to add a simple codicil for a charitable bequest to an existing will.
Here are some common bequest options you can use:
- Specific bequest: Determine a specific dollar amount or asset that you wish to leave to the Food Bank.
- Residual bequest: After you have provided for your loved ones, name “Atlanta Community Food Bank” to receive a percentage or all of your residuary estate.
- Contingent bequest: The Food Bank receives a bequest only in the event of the death of other beneficiaries.
Become a member of the Harvest Legacy Society
Members of the Harvest Legacy Society will help the Food Bank continue the fight against hunger for years to come. Members periodically receive special updates in addition to being invited to an annual special event. Members are listed in the Food Bank’s Annual Report if they so choose.
If you have already made a planned gift, we welcome the opportunity to include you as a member of the Harvest Legacy Society. Please request our simple, confidential reply form or Greg Sims, 404.832.4976 so we that we may include you. You will have the option of remaining anonymous publicly.
For more information about all of our planned giving opportunities, contact Greg Sims at email@example.com or 404.832.4976.
The information provided here is for illustrative purposes only and should not be considered investment, legal, accounting, tax or other professional advice. A legacy gift comes from careful consideration of a number of important factors, including the assets used to fund the gift, the gift's timing, effects on income-tax and financial planning, the impact on family members and friends, and the gift's purpose. A legacy gift is best made with the counsel of your legal, tax or financial advisor.