A planned gift (also known as a legacy gift or bequest) is the transfer of assets to a designated nonprofit organization during your lifetime, or as part of your will or estate plan. You don’t have to be wealthy to do it! In fact, because of life’s demands, some people see planned giving as an opportunity to make the gift they never could during their lifetimes. Planned gifts can be made by anyone in any amount.

When you join other donors who have named the Vermont Foodbank in their wills or estate plans, you’re making a commitment to being part of this caring community forever.

• Include Vermont Foodbank in your will by adding the following language: “I give and bequeath unto the Vermont Foodbank, tax ID# 22-3021942, the sum of $_____ to be used for general charitable purposes.” You always have the option to honor a special friend or family member by making this a tribute gift.

• Ask your financial institution about donating from your IRA Charitable Rollover to benefit the Vermont Foodbank and receive tax benefits in return. Most years, if you are 70½ years old or older, you can give up to $100,000 from your IRA directly to a qualified charity—such as ours—without having to pay income taxes on the money. The gift can be used as your required minimum distribution. Ask your financial institution to issue the check directly to the Vermont Foodbank. Simply contact your IRA provider or visit their website to obtain a simple form to fill out. Make your gift by December 31st to qualify in this tax year.

To learn more, contact Lindsey Harty (or 802-279-1650).