Do you want to ensure children will have access to healthy food when their family is in crisis? Do you want to ensure that future generations have food on the table? Do you want to ensure that this organization can continue to work on hunger solutions into the future? Yes? Then please consider a legacy gift that will provide healthy food and solutions to individuals and families in food crisis well into the future. There are many different ways you can create your legacy with the Oshkosh Area Community Pantry (OACP).
Gifts of Retirement Assets and Beneficiary Designations
A beneficiary designation is the simplest way to make a legacy gift to the OACP. Fill out and complete your beneficiary designation form, and name “the Oshkosh Area Community Pantry” as a full or partial beneficiary and provide our tax identification number (26-3714702). This option is not only easy to administer, these gifts bypass probate and go directly to all beneficiaries.
Here are some common designation options:
[e.g., traditional IRA, Keogh, 401(k)]: Including the OACP 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. It is strongly advised that you name the “ Oshkosh Area Community Pantry” as a beneficiary of a retirement plan through your designation form and not through your will, which may jeopardize tax benefits.
There are a number of ways you can name the OACP as a beneficiary of an insurance policy, whether through your employer or a separate policy that you hold.
Designating the OACP as a beneficiary of a savings account is simple and allows full use of savings during your life.
Bequests and Wills
You could also add the OACP 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 OACP.
Residual bequest: After you have provided for your loved ones, name the “Oshkosh Area Community Pantry” to receive a percentage or all of your residuary estate.
Contingent bequest: The OACP receives a bequest only in the event of the death of other beneficiaries.
FOR EVERY $1 DONATED...
THE OACP PROVIDES 5 LBS. OF FOOD TO A FAMILY IN NEED.DONATE
Thank you for your investment in the future of the Oshkosh Area Community Pantry. For more information about all of our planned giving opportunities, contact Terri Green firstname.lastname@example.org or call 920-642-0959.
The information provided here is for illustrative purposes only and should not be considered investment, legal, accounting, tax or other professional advice.A legacy gift comes from careful consideration of a number of important factors, including the assets used to fund the gift, the gift's timing, effects on income-tax and financial planning, the impact on family members and friends, and the gift's purpose. A legacy gift is best made with the counsel of your legal, tax or financial advisor.
Give the gift of your time & talent as an OACP volunteer & make a direct impact in the fight against hunger. Volunteering is a great way to make friends, learn something new and have fun. Volunteers are vital to the work we do!