Give Hope and Leave Your Legacy with Planned Giving.
Through legacy giving, you can provide hope for the future of the Food Bank of Eastern Oklahoma and the communities it serves. This means you have decided to make a planned gift to support our organization and mission. A legacy gift allows us to carry out our purpose and strengthen our programs and services for future generations.
Begin this year with a Legacy Giving Plan…
In today’s world, it can be challenging to slow down and consider our impact on our community. As we step into the new year, we have the perfect opportunity to take inventory of our personal giving and estate planning. Are you confident in your current retirement or estate plan? Is it time to do a check-up and find out what tax-saving strategies you might miss out on?
Now is the time to write a new chapter to your story.
To learn more, contact John Sanders at jsanders@okfoodbank.org or click the button below.
Common Ways of Giving
Beneficiary Designations: Most retirement plans, annuities, and life insurance policies let you decide in advance how your assets will be distributed after your death. They do this by asking you to designate beneficiaries, such as your favorite charity on a beneficiary designation form.
Donor-Advised Funds: Donor-advised funds are one of the fastest-growing, easiest, and most tax-advantageous ways to give to charity. They allow donors to make a charitable contribution, receive an immediate tax deduction, and then direct grants from the fund to their favorite charity whenever they choose. And donors can contribute to the fund as frequently as they like.
Gifts from an IRA: A simple, cost-effective way to benefit a charity of your choice and receive tax benefits is to use an IRA Charitable Rollover (Qualified Charitable Distribution.) If you are 70 ½ years old or older, every year you can ask your IRA administrator to transfer up to $100,000 directly to a non-profit of your choice. Because your gift goes directly to a qualified charity, the IRA distribution is excluded from your adjusted gross income for income tax purposes.
Gifts of Appreciated Stock: You may be able to maximize your gift and your income tax deduction by donating long-term appreciated securities, including stocks, bonds, and mutual funds, directly to a charity. By donating appreciated stock directly to the charity, the donor avoids recognition of capital gain and eliminates any income tax resulting from the sale of the stock.
Living Trust or Will: Making a gift through your will or living trust is one of the easiest ways to give into the future. You can designate family, friends or your favorite charity as part of your estate plan. Even a small percentage can have a big impact.
Endowment: An Endowment allows you to make a gift to the future of Oklahoma by providing the resources to allow growth to the Food Bank of Eastern Oklahoma’s mission.
