Gifts That Cost You Nothing Now
Gifts in a will or by beneficiary designation are two easy ways to fight against hunger for years to come — and they don’t cost anything now.
You can learn more about these special opportunities in our free brochure, Simple Ways to Create Your Legacy, and other complimentary planning resources.
These resources are just a click away!
Gifts in a Will
Making a legacy gift in your will or trust is one of the easiest and most popular ways to make a lasting impact for the Greater Baton Rouge Food Bank. Once you have provided for your loved ones, we hope you will consider making our mission part of your life story through a legacy gift.
A gift in your will is one of the easiest ways to create your legacy and offers the following benefits:
- Lasting Impact: Your gift will create your legacy of serving the community in a way that truly makes an impact in the lives of so many.
- Flexible: You can alter your gift or change your mind at any time and for any reason.
- No Cost: It costs you nothing now to give in this way.
No Cost
Costs you nothing now to give in this way
Flexible
You can alter your gift or change your mind at any time and for any reason
Lasting impact
Your gift will create your legacy of honoring the Greatest Generation now and for generations to come
4 simple, “no-cost-now” ways to give in your will:
General gift in your will
A general bequest is a gift of a specific amount.
Residual gift in your will
A residuary gift is a gift of all or a percentage of the remainder of your estate after specific bequests and expenses have been paid.
Specific gift in your will
A specific gift is a gift of a particular piece of property. For example, real estate, funds in a bank account or shares of a corporation.
Contingent gift in your will
A contingent gift takes effect only if the primary beneficiary or beneficiaries do not live longer than you. In other words, your gift is contingent upon whether or not they survive after you.
You can mix these no-cost ways together. For example, you might consider leaving a specific percentage (such as 50%) of the residual to the Greater Baton Rouge Food Bank contingent upon the survival of your spouse.
Gifts by Beneficiary Designation
It’s easy to put your bank accounts, retirement funds, savings bonds, and more to use in fighting against hunger — and it costs you nothing now. By naming the Greater Baton Rouge Food Bank as a beneficiary of these assets, you can power our mission for years to come and establish your personal legacy of feeding the hungry in our community.
Potential benefits of gifts by beneficiary designation:
- Reduce or eliminate taxes
- Reduce or avoid probate fees
- No cost to you now to give
- Create your legacy with the Greater Baton Rouge Food Bank
Reduce or eliminate taxes on retirement assets
Reduce or avoid probate fees
No cost to you now to give
Create your legacy with The National World War II Museum
To name The National World War II Museum as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.
How to update a beneficiary designation:
Simply contact your bank, retirement plan administrator, insurance company, or other financial institution to request a beneficiary designation form. You may also be able to log in to your account and update your beneficiaries online.
Please use our legal name: Greater Baton Rouge Food Bank
Include our tax identification number: 72-1065318
Please let us know so we can ensure that your wishes are carried out.
Retirement Plan Assets
You can simply name the Greater Baton Rouge Food Bank as a beneficiary of your retirement plan to help feed our hungry neighbors.
Life Insurance Policies
You can name the Greater Baton Rouge Food Bank as a beneficiary of all or a portion of your life insurance policy. With this gift arrangement, the Greater Baton Rouge Food Bank will receive the proceeds of your policy after your lifetime. You can change your beneficiary at any time and may reduce your estate taxes.
Bank or Brokerage Accounts
This is one of the easiest gifts to give and one of the most useful in accomplishing your philanthropic goals. The next time you visit your bank, you can name the Greater Baton Rouge Food Bank (Tax ID: 72-1065318) as the beneficiary of a checking or savings bank account, a certificate of deposit (CD), or a brokerage account. When you do, you’ll take a powerful step toward supporting the most vulnerable members of our community, ensuring they not only survive but thrive for generations to come.
Funds remaining in your donor-advised fund
What remains in a donor-advised fund is governed by the contract you completed when you created your fund. When you name the Greater Baton Rouge Food Bank as a “successor” of your account or a portion of your account value, you make a significant impact.
(infographic: click to view larger)
Share Your Legacy
If you have already included a gift in your estate plans to benefit the future of the Greater Baton Rouge Food Bank, be sure to let us know so that we may best honor your wishes.
Our Team is Here to Help
Our experienced team is here to help you…
- Learn about special projects that align with your interests.
- Structure a donation that maximizes benefits for you and your loved ones.
- Stay up to date on how your gift is used.
- And more!