Gift in Your Will (LEAVE A LEGACY)

Leave a legacy to Food for Life Global. A gift in your will to Food for Life Global will help us save lives, by planning and exucuting vital projects far into the future. Together we can bring peace and prosperity to the world’s most needy for years and years to come.
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Many of our supporters make charitable gifts by naming Food for Life Global as a beneficiary in their wills. The United States federal government encourages these gifts or bequests, by allowing an unlimited estate tax charitable deduction .
When you are making your Will there are several things to be considered, such as:
  • Making a list of your assets
  • Thinking about the way in which you want to divide your estate
  • Thinking about who to appoint as executor
It’s vital to review your Will regularly to ensure that it reflects your current wishes and circumstances. For instance, you may need to change your Will if you have got married, divorced, moved house or there has been a death of a friend or family member.
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Types of Legacy

There are a few different kinds of ways to leave a legacy. The most common are described below.
Charitable Remainder Trust
A tax-exempt irrevocable trust designed to reduce the taxable income of individuals by first dispersing income to the beneficiaries of the trust for a specified period of time and then donating the remainder of the trust to the designated charity. To learn more visit: http://www.investopedia.com/terms/c/charitableremaindertrust.asp
Residuary Bequest
A gift of the remainder of the estate after all other bequests have been made and debts cleared is called a residuary bequest.
Pecuniary Bequest
A gift of a fixed sum of money in your Will is called a pecuniary bequest. The value of pecuniary legacies will decrease over time, as the cost of living increases.
Specific Bequest
A particular named item left as a gift in your Will is known as a specific bequest – for example, a piece of jewelry or plot of land.
Contingent Bequest
A gift in your Will that depends upon the occurrence of an event which may or may not happen is known legally as a contingent bequest. An example is a bequest to a charity which applies only if other beneficiaries named in the Will die before the testator ( the person who made the Will).

You can ensure future generations learn about the values that Food for Life Global stands for with a gift through your estate plan. Food for Life Global's Legacy Society welcomes gifts of any size and recognizes donors of all ages who provide for Food for Life Global in their estate plan.

You are invited to join with a gift that:

  • Makes a greater philanthropic impact than you thought possible, while also reducing your tax burden

  • Costs little or nothing during your lifetime

  • Uses assets that you may no longer need, including life insurance, IRAs or 401Ks, real estate, the principal of your donor-advised fund, or a percentage of your estate (for sample language to consider in your Will or Trust, click here)

  • May not require you to re-write your Will by using a Codicil

  • Helps preserve peace and prosperity for all peopled by supporting Food for Life Global's work

Your estate plans are important legal documents that should be prepared by your attorney. Please consult your attorney and financial advisors for professional advice.

To join the Food for Life Global's Legacy Society, please complete this Letter of Intent so that we may honor your wishes and plan for the future.

Important Note

Food for Life Global would advise that anyone making or updating a Will should seek independent advice from a practicing solicitor or bank trust company.
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To learn more about leave a legacy (Bequests)
For advice on leave a legacy (Bequests), see: The National Committee on leave a legacy