Connecting Food, Farms and the Environment
To Rebuild our Local Food Economy
Giving Through Your Will or Living Trust
A bequest to the Foodshed Alliance helps support the future of our organization. A bequest can also offer tax advantages to the donor and his or her heirs, because a charitable bequest is 100 percent deductible from a taxable estate.
There are many ways to leave a bequest to the Foodshed Alliance.
- A specific bequest directs to the Foodshed Alliance a specific dollar amount or particular assets, such as securities, real estate, art works or other tangible personal property. Through a residuary bequest, the Foodshed Alliance receives all or a percentage of the remainder of the estate after specific amounts bequeathed to other beneficiaries have been distributed and other estate-related expenses have been paid.
- With a revocable living trust, a donor can name the Foodshed Alliance a beneficiary of assets remaining in the trust after the lifetime of one or more individuals. As with a will, the Foodshed Alliance can be designated to receive all or a portion of the trust’s remaining assets.
- If you have an existing will, your attorney can prepare a codicil that modifies and clarifies your intention to bequeath funds to the Foodshed Alliance. If you have an existing revocable trust, your attorney can prepare an amendment that allows you to change or qualify its terms.
To make a bequest, consult with your attorney to add the proposed language to your will, codicil or trust amendment:
I give, devise and bequeath to the Foodshed Alliance, a nonprofit New Jersey corporation, with principal business address of 97 Stillwater Road, Blairstown, NJ 07825, the sum of _______ [or otherwise describe the gift or assets] for general purposes and use at the discretion of the Foodshed Alliance’s board of trustees. The Foodshed Alliance’s tax identification number is 27-2834150.
This information is for illustration purposes only and should not be construed as tax or legal advice. Consult your attorney or accountant for the best planned giving approach for your needs and interests.
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