Planned Giving

Planned giving. Leave a legacy to provide a lasting impact on hunger relief in Northeast Arkansas.

Getting startedIf you believe in the Food Bank of Northeast Arkansas’ mission to provide hunger relief to people in need, consider leaving a legacy to provide lasting impact on hunger relief in Northeast Arkansas.

  1. Let us know you're interested in making a planned gift here.

  2. Fill out the Planned Giving Gift Intention Form. Completed forms can be submitted by:

Questions?

  • Contact Chief Development Officer Rebecca Hendrix at rhendrix@foodbankofnea.org or 870-932-3663 ext. 116.
  • To learn more about planned giving, listen to the podcast episode below

Episode 36: Charitable Planning Ideas With Special Guest Rebecca Hendrix, Food Bank of Northeast Arkansas

 

FINDING THE RIGHT GIFT FOR YOUR GOALSDIRECT GIFT OR PLEDGE

An outright gift of cash or a gift to be paid over a period of time is a straightforward way to support the Food Bank of Northeast Arkansas today and qualifies for tax benefits.

Benefits of Gifts of Cash or Pledges

  • Simple to do
  • Qualify for an income tax charitable deduction
  • Allow you and the Food Bank of Northeast Arkansas to plan for the future

Benefits of Gifts of Stocks/Securities (Publicly Held or Closely Held)

  • Simple to do
  • Qualify for an income tax charitable deduction
  • Avoid capital gains tax

CHARITABLE REMAINDER TRUST

Transfer assets into a trust that pays income for life or a fixed number of years. The remaining principal will benefit the Food Bank of Northeast Arkansas.

Benefits of Gifts of Charitable Remainder Trusts

  • Potential for increased income
  • Receive an income tax charitable deduction
  • Potential savings on capital gains tax

CHARITABLE LEAD TRUST

Provides the Food Bank of Northeast Arkansas with an income stream for a specified term while allowing you to pass on appreciating assets to your heirs in the future.

Benefits of Gifts of Charitable Lead Trusts

  • Appreciation in the trust passes tax-free to your heirs
  • Reduces your gift and estate taxes
  • Reduces or eliminates transfer taxes due when principal reverts to your heirs
  • Provides funds to the Food Bank of Northeast Arkansas today

RETIREMENT ASSETS

Name the Food Bank of Northeast Arkansas as a beneficiary of an individual Retirement Account (IRA), 401k, or other retirement plan. Be sure to notify the Food Bank of Northeast Arkansas to ensure your wishes are carried out.

Benefits of Gifts of Retirement Assets

  • Retain control of your assets
  • Simple to do
  • May avoid significant tax burdens for your heirs
  • Adjust your designation if circumstances change

LIFE INSURANCE

Name the Food Bank of Northeast Arkansas as a beneficiary of your life insurance policy. Be sure to notify the Food Bank of Northeast Arkansas to ensure your wishes are carried out.

Benefits of Gifts of Life Insurance

  • Simple to do
  • Irrevocably donating an existing policy you no longer need may provide you with an income tax charitable deduction

SIMPLE DESIGNATION IN YOUR WILL OR TRUST

Sometimes called a bequest.

Benefits of Gifts of Bequests

  • Retain control of your assets during your lifetime
  • Adjust your gift if circumstances change

Sample designation language:

A fixed dollar amount: "I give the sum $_____ to the Food Bank of Northeast Arkansas, to be used or disposed of as its Board of Directors deems appropriate in its sole discretion."

A percentage of your estate: "I give ____% of my entire (or residual) estate to the Food Bank of Northeast Arkansas to be use or disposed of as its Board of Directors deems appropriate in its sole discretion."


Note: Your advisor may need the following information to complete legal documents:

Food Bank of Northeast Arkansas | 3414 One Place | P.O. Box 2097 Jonesboro, AR 72402 | Tax ID #: 71-0810999

DISCLAIMER

Please consider this site as a resource to help with planning your philanthropic goals. The information provided on this webpage is for illustrative and recommendation purposes only and should not be considered as legal advice on investment, accounting, or tax obligations. Please consult your wealth advisor or an attorney before making any final decisions.

2023 Acre of Hope Sponsors