Leave a legacy that will help end hunger in our community. A planned gift or legacy gift will help ensure the Food Bank will always be there for those in need.
A planned gift results from careful consideration of a number of important factors:
- Purpose of the gift and the assets to be used to fund the gift.
- The gift's timing, its effect on income tax and estate tax planning.
- Impact on the donor's family members and friends.
- A planned gift is best made with the counsel of one's financial advisor, such as your attorney, accountant, banker, financial planner or insurance professional.
Our Food for Life Circle honors your planned gift by listing you or a loved one in our annual report. If you choose, you may make your planned gift anonymously.
To learn more about planned giving options, please contact our Associate Director of Major Gifts, Amanda Kepp, by email or call 415-282-1900 x233 for a confidential consultation.
Bequests — Wills or Revocable Living Trusts
Remembering the Food Bank in your will or revocable trust is a meaningful way to leave a legacy. These gifts make it possible for the Food Bank to plan ahead as we work to make sure that no one in our community goes hungry.
The following is suggested language for a bequest:
I hereby give to the San Francisco Food Bank, located at 900 Pennsylvania Avenue, San Francisco, CA 94107, [cash amount, percentage of net estate or description of property] to be used for its general purposes.
Please consult with your legal counsel to help you with your will or trust.
For more information, please contact our Associate Director of Major Gifts, Amanda Kepp, by email or call 415-282-1900 x233
You may enjoy tax benefits by designating the Food Bank as the beneficiary of your life insurance policy. In order to deduct premium payments as charitable deductions, you must name the Food Bank as both the policy's owner and beneficiary.
Retirement Plan Assets
At a person's death, qualified retirement plan assets may be subjected to both estate tax and deferred income tax, which combined can exceed 80 percent. You can designate the San Francisco Food Bank as a tax-free beneficiary of the remainder of your IRA, Keogh, tax-sheltered annuity, qualified pension or profit-sharing plan. A charitable gift of insurance proceeds or the remainder of retirement plan assets is normally deductible from a donor's estate.
Please consider this site as an informational resource to help you in meeting your philanthropic goals. The information provided here is for illustrative purposes only and should not be considered investment, legal, accounting, tax or other professional advice.