Planned Giving – Leave a Legacy with the Palm Beach County Food Bank

 

 

There are many ways you can make a planned gift to the Palm Beach County Food Bank and enjoy tax and income benefits. For more information, please contact Ellen Vaughan, Director of Development and Philanthropy at 561-670-2518 x 310 or ellen@pbcfoodbank.org

We are available to help you make the right decision for you and your family

 

 

GIFTS OF STOCKS AND BONDS

 By making a gift of your appreciated securities, you can avoid paying capital gains tax that would otherwise be due if you sold these assets Avoid paying capital gains tax Receive a charitable income tax deduction Enjoy possible increased income 

GIFTS OF REAL ESTATE 

If you own appreciated real property (such as your home, vacation property, vacant land, farmland or ranch or commercial property), you can avoid paying capital gains tax by making a gift to us Avoid paying capital gains tax Receive a charitable income tax deduction Leave a lasting legacy 

GIFTS OF RETIREMENT ASSETS

 By making a testamentary gift of your retirement assets such as a gift from your IRA, 401k, 403b, pension or other tax deferred plan, you will help further our work Avoid leaving your family a taxable gift Estate tax charitable deduction

 GIFTS OF CASH

 A gift of cash is a simple and easy way for you to make a gift You will receive a charitable income tax deduction that will provide you with savings on this year’s tax return Make an immediate impact on our mission today Benefit from a charitable income tax deduction 

GIFTS OF INSURANCE 

If your life insurance policy is no longer needed or will no longer benefit your survivors consider making a current or future gift to help further our mission Income or estate tax deduction Income tax deductions for annual contributions to help us maintain the policy

 

 

BEQUEST 

Maintain control of your assets during life Make a gift to charity when you pass away You designate our organization as the beneficiary of your asset by will, trust or beneficiary designation form Estate tax charitable deduction Life use and ownership of your property 

CHARITABLE GIFT ANNUITY (CGA) 

Receive fixed income for life Avoid capital gains tax on the sale of your appreciated property Enjoy the benefit of tax savings from a charitable deduction You transfer your cash or appreciated property to our organization in exchange for our promise to pay you fixed payments (with rates based on your age) for the rest of your life Charitable tax deduction Fixed income for life Partial bypass of capital gain Possible tax-free payments 

CHARITABLE REMAINDER ANNUITY TRUST (CRAT) 

You own cash or property and are looking for a way to make a charitable gift, save on taxes and receive fixed income for the future You transfer your cash or property to fund a charitable remainder annuity trust The trust sells your property tax free and provides you with fixed income for life or a term of years Fixed income for life, lives or term of years Avoid capital gains tax on the sale of your appreciated assets Charitable income tax deduction for remainder portion of your gift 

CHARITABLE REMAINDER UNITRUST (CRUT) 

You own cash or property and are looking for a way to make a charitable gift, save on taxes this year and plan for the future You transfer your cash or appreciated property to fund a charitable unitrust The trust sells your property tax free and provides you with income for life or a term of years Charitable tax deduction Income for life or a term of years Possible income growth over time Avoidance of capital gains tax 

CHARITABLE LEAD TRUST (CLT) 

Pass on cash or property to your family/ make annual gifts to charity in the future Avoid substantial gift or estate tax You fund a trust that makes gifts to us for a number of years Your family receives the trust remainder at substantial tax savings Gift or estate tax deduction Trust assets plus appreciation pass to family at a reduced cost 

LIFE ESTATE RESERVED 

Remain in your home for life Receive a charitable income tax deduction You give your property to our organization but retain the right to use the property during your life Charitable tax deduction Lifetime use of property 

BARGAIN SALE 

Sell your property, receive cash or debt relief and tax savings We purchase your property for less than fair market value You receive the cash and a charitable deduction for the difference between the market value and purchase price Cash from sale Charitable tax deduction Partial bypass of capital gain The goal of planned giving is to help you plan your estate and charitable giving in a way that benefits you, your family and charity.