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, raise public awareness and promote viable solutions to food poverty, now and for years to come.
A legacy gift comes from careful consideration of a number of important factors, including the assets to be 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. The information provided here is for illustrative purposes only and should not be considered investment, legal, accounting, tax or other professional advice.
Bequests and Wills
Please consider adding ACFB 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 ACFB.
- 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: ACFB receives a bequest only in the event of the death of other beneficiaries.
Gifts of Beneficiary Designations
A beneficiary designation is the simplest way to make a legacy gift to ACFB. 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 ACFB 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 ACFB as a beneficiary of an insurance policy, whether through your employer or a separate policy that you hold.
- Savings accounts: Designating ACFB as a beneficiary of a savings account is simple and allows full use of savings during your life.
Join the Bill Bolling Legacy Society
The Bill Bolling Legacy Society honors individuals who have made a planned gift such as a bequest or beneficiary designation to ACFB. Members receive a certificate of membership, special reports and are listed in the annual report. If you have included ACFB in your estate plans, please let us know so you can be included in The Bill Bolling Legacy Society.
For more information about all of our planned giving opportunities, contact Planned Giving at firstname.lastname@example.org or 404.892.FEED (3333) x1217.