Leave a Legacy
Planned Giving: Leave a Legacy of Hope
A planned gift is your investment in a better world—one where all children, families, and seniors get the nutritious food they need.
Planned giving allows you to take the time now to leave a legacy that is an enduring expression of your deeply-held values while also taking care of your loved ones.
Your planned gift provides the Food Bank of the Southern Tier with the confidence and the means to plan for the future: to continue our hunger relief efforts and to craft long-term strategies to reduce the number of people who will require food assistance tomorrow.
Ways to Give
You can make a bequest to the Food Bank by including language in your will, leaving a portion of your estate to the Food Bank or by designating us as a beneficiary of your retirement account or life insurance policy.
What is a Bequest?
A bequest is a gift that can be made for a specific amount, for a percentage of your estate, or for all or a portion of what is remaining after you have made provisions for your family. To make a gift to the Food Bank from your estate, you must contact an attorney to help legally record your final wishes.
Sample designation language of bequests:
- A fixed dollar amount: “I give a sum of $____ to the Food Bank of the Southern Tier, 388 Upper Oakwood Avenue, Elmira, NY 14903.”
- A percentage of your estate: “I give ___% of my estate to the Food Bank of the Southern Tier, 388 Upper Oakwood Avenue, Elmira, NY 14903.”
Cost free ways to leave a legacy gift
Gift of Retirement Assets - Name the Food Bank as a beneficiary of an Individual Retirement Account (IRA), 401K or other retirement plan.
To do so, contact the retirement plan administrator and complete the appropriate beneficiary designation form. You remain in control of your assets so you can always adjust your designation if circumstances change
Gift of Life Insurance - Name the Food Bank as a beneficiary of your life insurance policy. Or to make a permanent gift of life insurance to charity while you're still alive, you can transfer ownership of your policy to the Food Bank. The policy's death benefit will go to the us once you've passed away.
There are many options available to you to include the Food Bank in your estate plans. For an entire listing, please click here.
Note: Your advisor may also want this information in order to complete your legal documents. Our official name is “Catholic Charities Food Bank of the Southern Tier”. We are incorporated in the state of New York. Our Federal Tax ID number is 20-8808059.
**The material presented on this Planned Giving website is not offered as tax or legal advice.
If you have included The Food Bank of the Southern Tier in your estate plans, let us know. We would like to thank you for your generous commitment to reducing hunger in the Southern Tier and welcome you to Nellie Monroe Society.
Tier every day.
For more information, contact
Mary Jane Bray, Major Giving Officer
607.796.6061 x4055