Thank you for your interest in helping the Community Food Bank with a planned gift. We offer many options to make this a convenient and simple way to support the food needs of the people of Southern Arizona.

Planned gifts can be made with cash, but many planned gifts are made by donating assets such as stock, real estate, art pieces, or business interests—the possibilities are endless. Planned gifts can provide valuable tax benefits and/or lifetime income for you and your spouse or other loved one. Popular planned gifts include bequests, charitable trusts and charitable gift annuities, and IRA designations.

Why should I make a planned gift?
Many people want to make charitable gifts but need to do so in a way that helps meet their other personal, family, or financial needs. Planned gifts give you options for making your charitable gifts in ways that may allow you to:

• Make a larger charitable gift than you thought possible
• Increase your current income
• Plan for the financial needs of a spouse or loved one
• Provide inheritances for your heirs at a reduced tax cost
• Reduce your income tax and/or avoid capital gains tax
• Diversify your investment portfolio
• Receive income from your personal residence or farm
• Plan for the transfer of your business
• Leave a charitable legacy for future generations

At the Community Food Bank you can choose:

• Bequests
• Beneficiary Designations on Investments Such as IRAs and Life Insurance Policies
• Charitable Gift Annuities
• Charitable Remainder and Lead Trusts
  Other planned giving options may be available, please call to discuss your needs.

Several of these options have tax benefits that you can take advantage of during your lifetime. Please talk to your professional advisor about any gift you are considering to find out what options are best for you.

Bequests
A bequest through your will or estate is the simplest way to make a planned gift. This is a good option for anyone who is not interested in receiving any tax benefits for their gift during their lifetime. The Community Food Bank is happy to provide the appropriate language for your will or trust.

Beneficiary Designations on Investments Such as IRAs and Life Insurance Policies
These are similar to bequests in their simplicity. All that needs to be done in most cases is to assign the Community Food Bank as the beneficiary. Some of these gifts include tax benefits. Planned Giving’s website for helpful articles: http://www.ncpg.org/gov_relations/budget.asp?section=8.

Charitable Gift Annuities
A Charitable Gift Annuity is one of the most attractive giving options from a tax perspective. These gifts enable you to transfer assets like cash or stock to CFB. CFB will then make fixed annual payments to you for life. Annuity payments can begin immediately or can be deferred to some future date. You will receive a tax benefit in the year that you make the gift. Upon your death the remainder of the gift will benefit CFB or your payments may be transferred to a loved one until their death.

Charitable Remainder and Lead Trusts
Another attractive option from a tax perspective is a charitable remainder trust. With this type of gift, you donate assets that earn income or interest to the Community Food Bank. You or other beneficiaries will continue to receive income from it for a specified period of time or while living. Once this period of time elapses or upon the death of all beneficiaries, CFB receives the principal of the asset. This type of gift allows the donor to avoid any capital gains tax and can reduce estate taxes.

Should you choose to make a planned gift to the Community Food Bank, we respectfully request that you ask for the assistance of our Vice President of Development, Pauline Hechler at (520) 622-0525 ext. 234 and a knowledgeable advisor such as an attorney, financial planner, or CPA to help structure the gift.

If you need the names of a professional advisor, please click on this link for the list of volunteers on our Planned Giving Professional Advisory Committee.