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Planned Giving

A Planned Gift creates a legacy of hope. By providing a gift to the Food Bank in your estate plan, you can ensure important work to end hunger will continue.

As part of your Estate Planning, you can help ensure that future generations grow up healthy - not hungry - by making a planned gift to Second Harvest Food Bank of Metrolina. Your legacy gift helps us to secure and distribute food and groceries to those in need and promote solutions to hunger, now and for years to come.

 

Gifts of Retirement Assets and Beneficiary Designations

A beneficiary designation is the simplest way to make a legacy gift to the Food Bank. When you complete your beneficiary designation form, just name “Second Harvest Food Bank of Metrolina” as a full or partial beneficiary and provide our tax identification number (56-1352593). In addition, these gifts bypass probate and go directly to all beneficiaries.  Here are some common designation options:

  • Retirement plans [e.g., traditional IRA, Keogh, 401(k)]:  Including the Food Bank as a beneficiary enables you to avoid substantial income taxes that would have been due if a retirement plan were left to non-spousal heirs. If you are considering this as an option, many advise that you specifically name your preferred non-profit as a beneficiary through your designation form and not through your will, which may jeopardize tax benefits.
  • Insurance policies:  There are a number of ways you can name Second Harvest Food Bank of Metrolina as a beneficiary of an insurance policy, whether through your employer or a separate policy that you hold.  In order to formalize, you would need to speak with your insurance agent or attorney.
  • Savings accounts:  Designating the Food Bank as a beneficiary of a savings account is simple and allows full use of savings during your life.  This can be taken care of through your banking institution.
 

Bequests and Wills

Please consider adding the Food Bank as a beneficiary in your will. You may be able to add a simple codicil for a charitable bequest to an existing will. Here are some common bequest options you can use:

  • Specific bequest:  Determine a specific dollar amount or asset that you wish to leave to the Food Bank.
  • Residual bequest:  After you have provided for your loved ones, name “Second Harvest Food Bank of Metrolina” to receive a percentage or all of your residuary estate.
  • Contingent bequest:  The Food Bank receives a bequest only in the event of the death of other beneficiaries.
 

Become a member of the Legacy Society

Estate planning can be confusing, stressful and just plain intimidating. But when you focus on the legacy you want to leave—the goals, needs and dreams you have for your family and Second Harvest Food Bank of Metrolina—your decisions get a lot easier. We’re here to help you explore the planned giving options that can make the biggest impact at SHFBM.

For more information, email Donna Ragan at dragan@secondharvestmetrolina.org or call 704-805-1724.