Planned Giving

Photo by Jeb Wallace-Brodeur

 

For many of our donors, a long-term commitment is the perfect way to express support for hunger-relief in Vermont. All planned gifts received by the Vermont Foodbank support the Spendowment, our “working endowment,” from which funds are drawn monthly. Planned gifts often provide financial benefits to the donor, too. Tax savings, current cash payments, supplemental support for family and friends — these and other benefits are available depending on a donor’s circumstances and objectives.

What is Planned Giving?

A planned gift results from the donor’s careful consideration of a number of important factors, including the purpose of the gift, the assets to be used to fund the gift, the gift’s timing, its effect on income-tax and estate-tax planning and its 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 an attorney, accountant, banker, financial planner or insurance professional. The information provided here is for illustrative purposes only and should not be considered investment, legal, accounting, tax or other professional advice.

Bequests — Wills or Revocable Living Trusts

Remembering the Vermont Foodbank in your will or revocable trust is often the most meaningful way to leave a legacy. These gifts make it possible for the Foodbank to plan ahead in the fight against hunger. Following is suggested language for a bequest: “I hereby give to the Vermont Foodbank located at 33 Parker Road, VT 05641, [cash amount, percentage of net estate or description of property] to be used for its general purposes.” If you are considering other contributions, such as retirement asset