Time Commitment: As long as you’d like!
Best for: Anyone
A thoughtfully planned gift through your will, estate plans or other investments can maximize your ability to nourish children and create your legacy of impact that will last well into the future. Planned gifts can also provide considerable tax savings for you and/or help reduce the tax burden for your heirs. These gifts are simple, cost nothing now, and can be modified if circumstances change.
Kids’ Food Basket recognizes planned gifts through membership in the Brain Development Society, a special group of our heroes who care about Kids’ Food Basket’s long-term impact and success. There are several planned gift vehicles that qualify you for membership in the society. We encourage you to seek the advice of your financial, tax or legal advisors to see which option is best fit for you. Below are some of the most common tools for giving:
Bequest
A bequest is a simple provision in your will or trust stating that a gift (flat amount, percentage or residual) be left from your estate to Kids’ Food Basket. Bequests are the most popular form of planned gift because they are simple, flexible and affordable – since your gift won’t be realized until after your lifetime, it costs you nothing today! It can also be changed at any time if your circumstances change. The amount in your bequest is exempt from any estate taxes your heirs may be responsible for. Your attorney or estate planner can help you add simple language to your estate plan – please be sure to use Kids’ Food Basket’s legal name and Federal Tax ID listed below. Contact us if you need sample language.
Have you already included Kids’ Food Basket in your estate plans? We’d love to hear from you, thank you and welcome you to the Brain Development Society. Contact Ben Nyhoff, Development Manager, at ben.nyhoff@kidsfoodbasket or 616-235-4532 to discuss your plans.
Retirement & Life Insurance Beneficiary Designations
Kids’ Food Basket can be elected as a beneficiary or contingent beneficiary of a retirement plan, life insurance policy or other investment accounts. Simply request a new beneficiary form from a plan administrator and indicate the percentage of the account to be designated to Kids’ Food Basket and your other beneficiaries. Like a bequest, making Kids’ Food Basket a beneficiary of an account is simple, affordable and flexible – it costs nothing today and you can change the designation at any time if your or your family’s circumstances change.
How do you get started?
We encourage you to seek the advice of your financial, tax or legal advisors about making a bequest or including Kids’ Food Basket in your other financial plans. Then, contact Ben Nyhoff, Development Manager, at ben.nyhoff@kidsfoodbasket.org for additional information or to share your plans with Kids’ Food Basket. If you choose to include Kids’ Food Basket in your plans, please use our legal name and Federal Tax ID number as listed below.
Legal Name: Kids’ Food Basket
Address: 1300 Plymouth Ave NE
Grand Rapids, MI 49508
Federal Tax ID Number: # 04-3760991
