Bequests

A charitable bequest is one of the easiest and most flexible ways that you can leave a gift to Food Bank of Iowa that will make a lasting impact.

Charitable Bequest

Property

Donor's Family

Food Bank of Iowa

Benefits of a bequest

• Receive an estate tax charitable deduction
• Reduce the burden of taxes on your family
• Leave a lasting legacy to charity

How a bequest works

A bequest is one of the easiest gifts to make. With the help of attorney, you can include bequest language in your will or trust specifying gifts for:

• Family
• Friends
• The Food Bank of Iowa and other charities you care about

You can also make a bequest using a beneficiary designation form.

How to Leave a Bequest to Food Bank of Iowa

• Include a bequest to Food Bank of Iowa in your will or revocable trust
• Designate Food Bank of Iowa as a full, partial or contingent beneficiary of your retirement account (IRA, 401(k), 403(b) or pension)
• Name Food Bank of Iowa as a beneficiary of your life insurance policy

Types of Bequests

• Percentage bequest - make a gift of a percentage of your estate
• Specific bequest - make a gift of a specific dollar amount or a specific asset
• Residual bequest - make a gift from the balance or residue of your estate

Contact us

If you have any questions about leaving a bequest to Food Bank of Iowa, please contact us. We would be happy to assist you. If you have been so generous as to include a bequest to Food Bank of Iowa as part of your estate plan, please take a moment to let us know so we can acknowledge your thoughtful decision. Please email Jenny Neighbour at [email protected].

More information about making a bequest