Planned Giving | SLO Food Bank

Planned Giving | SLO Food Bank
Planned Giving
PLANNED GIVING OPPORTUNITIES
Build a Legacy in the Community You Love
Provide a lasting legacy of impactful kindness and compassion for people in SLO County who are food insecure by including the SLO Food Bank in your will or estate plans.
Your legacy or planned gift helps ensure that we will always be here to nourish neighbors in need. Our planned giving team can help you plan for your financial future while supporting your philanthropic goals.
To share your vision of giving or to learn more about planned giving options, please email our
Development Team
or call
(805) 238-4664
for a confidential discussion.
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Please click below for more information on Planned Giving with the SLO Food Bank:
Give Through Will or Trust
Give From Your Retirement Plan
Donor-Advised Funds
Give Stock or Appreciated Securities
Give From Life Insurance
Gifts From Your Will Or Trust
Secure a legacy of compassion and community support by including a gift to the SLO Food Bank in your will or trust. Your foresight can provide long-lasting benefits to those facing food insecurity in San Luis Obispo County, ensuring your charitable spirit lives on.
How Giving in Will Or Trust Works
Include a gift to the SLO Food Bank in your will or trust.
Make your bequest unrestricted or direct it to a specific purpose.
Indicate a specific amount or a percentage of the balance remaining in your estate or trust.
Tell us
about your gift so we can celebrate your generosity now.
Benefits of Giving In Will or Trust
Your assets remain in your control during your lifetime.
You can modify your gift to address changing circumstances.
You can direct your gift to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.
Please let us know if you have already included the SLO Food Bank in your estate plan or if you are considering doing so.
We would love to hear from you! Please
Gifts From Your Retirement Plan
You’ve worked hard and planned for retirement. Now, with a little creativity, you can leverage your retirement assets to benefit you and your family, reduce federal taxes, and support the SLO Food Bank far into the future.
How Retirement Plan Giving Works
Name the SLO Food Bank as a beneficiary of your IRA, 401(k), or other qualified retirement plan.
Pass the balance of your retirement assets to the SLO Food Bank by contacting your plan administrator.
Tell the SLO Food Bank about your gift.
72 or older? Make a “Tax-Free” Gift Through Your IRA
Benefits of Giving Through IRA
Continue to take regular lifetime withdrawals.
Maintain flexibility to change beneficiaries if your family’s needs change during your lifetime.
Your heirs avoid the potential double taxation on the assets left in your retirement account.
Giving From Your Donor-Advised Fund (DAF)
Maximize the impact of your giving by directing contributions from your Donor-Advised Fund (DAF) to support the SLO Food Bank. This simple, tax-efficient way to give ensures that your generosity continues to alleviate hunger for those in need within our community.
How a Donor Advised Fund Works
Name the SLO Food Bank as a beneficiary of your donor-advised fund.
Designate us to receive all or a portion of the balance of your fund through your fund administrator (you can also make a grant to us at any time from your donor-advised fund).
The balance in your fund passes to the SLO Food Bank when the fund terminates.
Benefits of a Donor Advised Fund
You can direct your gift to a particular purpose (
check with us
to make sure your gift can be used as intended).
Maintain flexibility to change beneficiaries if your needs change during your lifetime.
Gifts Of Stock Or Appreciated Securities
Transform your investment gains into community gains by donating stocks or appreciated securities to the SLO Food Bank. Such gifts are not only a boon for our hunger-relief efforts but can also can yield significant tax benefits for you.
How Giving Stocks Works
You transfer appreciated stocks, bonds or mutual fund shares you have owned for more than one year to the SLO Food Bank.
The SLO Food Bank sells your securities and uses the proceeds for our programs.
Benefits of Giving Stocks or Securities
You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer (even if you originally paid much less for them).
You pay
no capital gains tax
on the transfer when the stock is sold.
Giving appreciated stock can be more beneficial than giving cash. The cost of your gift is often less than the deduction you gain by making it.
Please
email
or call us at
805-238-4664
to inform our team of your generous donation and to request important stock brokerage information.
Gifts Of Life Insurance
Utilize your life insurance policy to become a cornerstone of support for the SLO Food Bank, offering a straightforward way to make a meaningful contribution without impacting your current financial situation.
How Giving Life Insurance Works
You transfer ownership of a paid-up life insurance policy to the SLO Food Bank.
The SLO Food Bank elects to cash in the policy now or hold it.
Benefits of Giving Life Insurance
Make a gift using an asset that you and your family no longer need.
Receive an income tax deduction equal to the cash surrender value of the policy.
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