Bequests: Wills or Revocable Living Trusts
If you would like to leave a meaningful legacy, you can do so by remembering the Redwood Empire Food Bank in your will or revocable trust. You can help nourish your neighbors into the future without impacting your finances during your lifetime.
Designating the REFB as the beneficiary of an existing life insurance policy may enable you to enjoy some great tax benefits. In order to deduct premium payments as charitable deductions, the donor must name the REFB as both owner and beneficiary of the policy. Talk to your accountant today!
Retirement Plan Assets
You can designate the Redwood Empire Food Bank as a tax-free beneficiary of the remainder of your IRA, Keogh, tax-sheltered annuity, qualified pension or profit-sharing plan. A charitable gift of the remainder of retirement plan assets is normally deductible from the donor’s estate.
Help Us Honor Your Legacy
We encourage you to seek professional advice for all questions pertaining to your personal philanthropic endeavors. Use of any information from this site is for general philanthropic opportunity purposes only and does not represent tax, investment, accounting, or legal advice either expressed or implied.