Planned Giving

Build a Legacy in the County You Love

Stand up for the 1 in 6 people in SLO County who are food insecure by including the SLO Food Bank in your will or estate plans. We invite you to set up a legacy gift with us.

Our planned giving team can help you plan for your financial future while supporting your philanthropic goals. To learn more about planned giving options, please contact Kevin Drabinski, Chief Executive Officer, at kdrabinski@slofoodbank.org or (805) 235-2851 for a confidential discussion.

We invite you to include the SLO Food Bank in your will or estate plans. Your legacy gift helps ensure that we will always be here to nourish neighbors in need. Our planned giving team can help you plan for your financial future while supporting your philanthropic goals.

Gifts From Your Will Or Trust

 How It Works

  • Include a gift to the SLO Food Bank in your will or trust.
  • Make your bequest unrestricted or direct it to a specific purpose.
  • Indicate a specific amount or a percentage of the balance remaining in your estate or trust.
  • Tell us about your gift so we can celebrate your generosity now.

Benefits

  • Your assets remain in your control during your lifetime.
  • You can modify your gift to address changing circumstances.
  • You can direct your gift to a particular purpose (be sure to check with us to make sure your gift can be used as intended).
  • Under current tax law, there is no upper limit on the estate tax deduction for your charitable bequests.

Please let us know if you have already included the SLO Food Bank in your estate plan or if you are considering doing so.
We would love to hear from you! Please contact us.

Gifts From Your Retirement Plan

You’ve worked hard and planned for retirement. Now, with a little creativity, you can leverage your retirement assets to benefit you and your family, reduce federal taxes, and support the SLO Food Bank far into the future.

How It Works

  • Name the SLO Food Bank as a beneficiary of your IRA, 401(k), or other qualified retirement plan.
  • Pass the balance of your retirement assets to the SLO Food Bank by contacting your plan administrator.
  • Tell the SLO Food Bank about your gift.

70 ½ or older? Make a “Tax-Free” Gift Through Your IRA

Benefits

  • Continue to take regular lifetime withdrawals.
  • Maintain flexibility to change beneficiaries if your family’s needs change during your lifetime.
  • Your heirs avoid the potential double taxation on the assets left in your retirement account.

Giving From Your Donor-Advised Fund

How It Works

  • Name the SLO Food Bank as a beneficiary of your donor-advised fund.
  • Designate us to receive all or a portion of the balance of your fund through your fund administrator (you can also make a grant to us at any time from your donor-advised fund).
  • The balance in your fund passes to the SLO Food Bank when the fund terminates.

Benefits

  • You can direct your gift to a particular purpose (check with us to make sure your gift can be used as intended).
  • Maintain flexibility to change beneficiaries if your needs change during your lifetime.

Gifts Of Stock Or Appreciated Securities

How It Works

  • You transfer appreciated stocks, bonds or mutual fund shares you have owned for more than one year to the SLO Food Bank.
  • The SLO Food Bank sells your securities and uses the proceeds for our programs.

Benefits

  • You receive an immediate income tax deduction for the fair market value of the securities on the date of transfer (even if you originally paid much less for them).
  • You pay no capital gains tax on the transfer when the stock is sold.
  • Giving appreciated stock can be more beneficial than giving cash. The cost of your gift is often less than the deduction you gain by making it.

Gifts Of Life Insurance

How It Works

  • You transfer ownership of a paid-up life insurance policy to the SLO Food Bank.
  • The SLO Food Bank elects to cash in the policy now or hold it.

Benefits

  • Make a gift using an asset that you and your family no longer need.
  • Receive an income tax deduction equal to the cash surrender value of the policy.