Individual Giving

Legacy Giving

The key ingredient for future hunger relief is visionary supporters who believe in FeedMore’s promise to turn hunger into hope, and who make arrangements during their lifetimes to ensure that their generosity continues into perpetuity. Designated giving through your will and other types of “Planned Gifts” are important to the future effectiveness of our feeding efforts. You can give to FeedMore in a number of ways that satisfy your financial and philanthropic goals as well as the long-term promise of hunger relief to our community.

Bequests

Your Last Will and Testament can include instructions to leave a designated amount or a percentage of your estate to FeedMore, either for our annual comprehensive feeding programs or as a contribution to our endowment. After signing the Will or creating a Living Trust other document that names FeedMore, Central Virginia Food Bank, or Meals on Wheels Serving Central Virginia as a beneficiary, we encourage you to let us know so that we can celebrate and recognize your generosity, as well as understand your goals. Please contact our Director of Development, Kathryn Erhardt, at 804.237.8603 or kerhardt@feedmore.org for a sample Codicil, which can be included in your estate settlement instructions.

Endowments

You can help preserve FeedMore’s mission through an endowment that provides a percentage of its funds annually for a specific hunger relief purpose, such as the purchase of food. 

Charitable Gift Annuity

Through a simple contract, you agree to make a donation of cash, stocks, or other assets to FeedMore. In return, we agree to pay you a fixed amount each year for the rest of your life.

Charitable Remainder Trust

With a charitable remainder trust, you can receive income each year for the rest of your life from assets you give to the trust you create. After your lifetime, the balance in the trust goes to the charities of your choice.



Charitable Lead Trust

With a charitable lead trust, you give assets to a trust that pays FeedMore an income for a specified number of years. This arrangement gives you a favorable gift tax savings. When the term is up, the remaining trust assets go to other beneficiaries you select.



Life Insurance

You may consider using a life insurance policy to fund a charitable gift upon your death. By including FeedMore as a beneficiary of your life insurance policy, you may make a tax-exempt gift.

Retirement Plan Assets


Most retirement plans are income tax-deferred, meaning that income tax is not paid until the funds are distributed to you in life, or upon your death. This taxation makes retirement assets among the most costly assets to distribute to loved ones. By naming FeedMore as a beneficiary of your retirement assets, you can reduce tax implications and the full amount can be used to further FeedMore’s mission to combat hunger in Central Virginia.

Charitable IRA Rollover


Under extended charitable IRA legislation, if you are age 70½ or older, you can make charitable gifts now using funds from your individual retirement accounts (IRAs) with favorable tax advantages.



Appreciated Securities

Gifts may also be made with securities through our gift account at Davenport, LLC: DTC 0715, Acct. # 1229-0993. Contact Nadine Harris at 804-697-2951 and FeedMore’s Director Development, Kathryn Erhardt, at 804-237-8603 or kerhardt@feedmore.org.

For more information about tax-exempt status, program contributions, or additional information about planned gifts, please call our Director of Development, Kathryn Erhardt, at 804-237-8603 or kerhardt@feedmore.org. All conversations will, of course, be confidential.

Click here to find Other Ways to Give.

The Planned Giving discussion on this website is not intended to be legal or financial advice. Please consult your attorney or financial advisor to determine whether any of these planning ideas are applicable to your own situation.

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