3 Ways to Ensure Family Comes First
Naming Los Angeles Regional Food Bank as a beneficiary in your will is a simple way to enable the future of our important work. But maybe you’ve hesitated because you’re unsure about how much to give.
Because life is unpredictable and the value of your assets is likely to rise and fall, you don’t want to risk that someday your charitable gift could outweigh the well-being of your family. Fortunately, there’s a solution.
Instead of a fixed amount, consider gifting a percentage of your estate or of specific assets. That way, gifts to loved ones and to organizations such as the LA Food Bank remain proportional—no matter how your estate fluctuates.
Here are three simple ways to put family first while supporting those we serve:
- Gift a percentage of your estate to Los Angeles Regional Food Bank in your will.
- Leave the LA Food Bank a percentage of your residual estate (the portion of your estate that remains after all gifts have been made and all claims of the estate are satisfied).
- Name the LA Food Bank as a beneficiary of a percentage of your life insurance policy or retirement account.
Be sure to let us know that you have named us as a beneficiary so we can contact your administrator at the appropriate time and put your gift to work as you intend.
Your Gift Matters
Giving a small percentage of your estate can have a bigger impact on Los Angeles Regional Food Bank than you might think. Contact Roger Castle at 323-234-3030 x147 or [email protected] today if you have questions about naming us as a beneficiary. If you’ve already named us as a beneficiary, please let us know so we can thank you for your generosity.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.