Any Alameda Food Bank supporter who would like to remember the Alameda Food Bank in their estate becomes an automatic member of our Legacy Circle. All that is required is a letter signed by you naming the Alameda Food Bank as a beneficiary in your estate. We donít want to know the amount, or any of the particulars, just a confirmation letter to let us know you have included the Alameda Food Bank in your estate planning. The information will be kept completely confidential.
In return, you have an open invitation to be our guest at all of our events including the annual volunteer recognition celebration. Itís a great way to hear about our programs and to stay in touch with an organization that has had meaning to you during your lifetime. Ways in which non-profits can be remembered include:
Bequests ó Wills or Revocable Living Trusts
Remembering the Food Bank in your will or revocable trust is often the most meaningful way to leave a legacy. Following is suggested language for a bequest:
"I hereby give to the Alameda Food Bank, located at 1900 Thau Way, Alameda, Ca. 94501 [cash amount, percentage of net estate, or description of property] to be used for its non-restricted purposes."
Stocks and Other Securities
Another easy way to donate is by designating a non-profit as a beneficiary of stocks, bonds, mutual funds and other securities that you have held for more than one year.
Life Insurance Policies
Non-profits may be designated as the beneficiaries of existing life insurance policies. Premium payments can also be deducted as charitable contributions if the non-profit is named as both the owner and beneficiary of the policy.
Retirement Plan Assets
Tax-free donations can be made from qualified retirement plans such as an IRA, Keogh, tax-sheltered annuity, or a qualified pension or profit sharing plan.
A percentage of a checking or savings account balance can be directed to a non-profit by filing a beneficiary statement at your local bank.
Everyoneís situation is different and we suggest that you contact your financial advisor, accountant, or attorney to learn more about the different forms of charitable giving, the tax advantages, and to evaluate the options that are best for you.