Feeding the Future – the will to end hunger in Idaho
As you consider leaving your legacy, please know a gift to The Idaho Foodbank will live on and have a tremendous impact on our community. Your plans will continue to make a difference in the lives of children and families, teens and seniors who struggle with hungry in Idaho.
There are many ways to fulfill your wishes. We’ve outlined some of ways to leave an enduring gift but we cannot provide tax or legal advice, for that we suggest consulting with your lawyer, financial advisor, or accountant to determine which charitable giving option best fits your needs.
Remembering The Idaho Foodbank with a bequest in your will, will make a lasting impact. You can designate a specific amount or asset, a percent of your total estate or a share of the residue after gifts to your heirs.
Gifts of Securities
Contributions of stock or other securities are welcome gifts at The Idaho Foodbank. If you contribute appreciated securities that you have held for one year or more, there are potential capital gains benefits.
Charitable Lead Trust
With this trust, a donor transfers assets to a trustee who makes payments to The Idaho Foodbank for a specified number of years, after which the assets are transferred to your heirs. This trust allows you to pass your assets on to your children and grandchildren either completely free or with substantially reduced estate and gift taxes.
Gifts of Retirement
You can name The Idaho Foodbank as the beneficiary of your pension, 401K, IRA or other retirement plans. This gift could be very cost-effective, because you avoid the possible double taxation on retirement assets left to your heirs.
Gifts of Real Estate
Your charitable contributions of real estate, a personal residence, farm, vacation home, commercial real estate or vacant land can be a tax-wise gift that has income and capital gains tax advantages. For instance by choosing an option called “Retained Life Estate” you can give your personal residence to The Idaho Foodbank and still maintain lifetime use of the property.
Gifts of Life Insurance
When your life insurance was originally purchased, you had a need for the benefits. Perhaps today you no longer need this coverage. To contribute your life insurance policy, simply name The Idaho Foodbank as its owner and beneficiary.