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Gifts That Cost You Nothing Now

Gifts That Cost You Nothing Now

Yes, you can make an impact on poor families by simply signing your name!

 

Gifts in a Will

A gift in your will is one of the easiest ways to create your legacy of compassion for the poorest of the poor.

  • No cost: Costs you nothing now to give in this way;
  • Flexible: You can alter your gift or change your mind at any time and for any reason;
  • Lasting impact: Your gift will create your legacy of sharing God’s love.

4 simple ‘no-cost-now’ ways to give in your will

1. General gift in your will Leaves a gift of a stated sum of money in your will or living trust. For example, you might decide to leave each of your grandchildren $10,000. It’s considered to be ‘general’ because it doesn’t specify from where the money comes.
2. Residual gift in your willLeaves what is left over after all other debts, taxes, and other expenses have been paid.
3. Specific gift in your will Leaves a specific dollar amount, percentage, fraction, or specific items (collections, art, books, jewelry, and so on).
4. Contingent gift in your will Leaves a stated amount or share only if a spouse, family member or other heir/beneficiary does not live longer than you. In other words, your gift is contingent upon whether or not they survive after you.

You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to Food For The Poor contingent upon the survival of your spouse.

View Sample Language for Your Will or Trust

We invite you to contact us so we can chat about easy ways to make an impact at no current costs to you.

Gifts by Beneficiary Designation, An Easy ‘No-Cost-Now’ Way to Give

It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in creating a world impacted by Food For The Poor — and it costs nothing now.

By naming Food For The Poor as a beneficiary of these assets, you carry out God’s work and impact lives for future generations. Your gift could impact a child, a family, a village and the world – the impact your gift makes through Food For The Poor becomes your personal legacy.

Potential benefits of gifts by beneficiary designation:

  • Reduce or eliminate taxes on retirement assets;
  • Reduce or avoid probate fees;
  • No cost to you now to give;
  • Create your legacy with Food For The Poor.

To name Food For The Poor as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.

How to change a beneficiary designation

1. Login to your account or request a Change of Beneficiary Form from your custodian (the business holding your money or assets).
2. Follow the links to change your beneficiary or fill out the form.
3. Be sure to spell the name of our organization properly: Food For The Poor
4. Include our tax identification number: 59-2174510
5. Save or submit your information online or return your Change of Beneficiary Form.
Bank accounts, CDs, brokerage accounts, and commercial annuities
Retirement funds gift
Savings bonds
Donor-advised fund (DAF) residuals

To create hope, save lives and transform impoverished communities, contact our Legacy and Gift Planning Department, at (866) 501-4052 or legacygiving@foodforthepoor.com.


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