Second Harvest Food Bank Legacy Society
A legacy gift is a powerful way to support Second Harvest Food Bank of Northwest NC's mission and to create a personal legacy that reflects your values and priorities. Induction into this honorary society is simply a matter of notifying Second Harvest Food Bank of Northwest NC of the creation of a legacy gift, such as a bequest in a will or trust, a Charitable Gift Annuity, Charitable Remainder Trust, or designation as a beneficiary in a Life Insurance Policy or Retirement Plan.
We are are deeply grateful to our supporters who have chosen to extend their support of our mission into the future by including our organization in their estate plans.
Bequests – A will is the cornerstone document of your estate planning; one of the most important legal documents and one of the easiest and simplest ways to make a planned gift to Second Harvest Food Bank of Northwest NC. There are several ways you can leave a bequest. You can (1) give a specific amount of money; (2) give a specific item of property or (3) give a specified percentage of the residue of your estate (the residue of your estate is that which is left over after all specific gifts have been made, whether charitable or non-charitable).
Gifts of Life Insurance – A gift of life insurance entitles you to a tax deduction equal to your cost basis in the policy or its replacement cost, whichever is less.
Other Options – You can also make a gift to the Second Harvest Food Bank and receive an income for life through the establishment of a charitable trust that names the Second Harvest Food Bank of Northwest NC as a beneficiary. Your attorney can advise you of the various types of charitable trusts and the estate tax benefits of each, and assist you in setting up a planned gift that is tailored to your personal needs. You may also want to talk with your attorney or financial advisor about the tax benefits of naming Second Harvest Food Bank of Northwest NC as a beneficiary of your retirement plan/IRA.
For more information, please contact Susan Richardson, Major Gifts Officer, at (336) 784-5770 or e-mail her.