SosA | Legacy Giving


	Gleaning America's Fields ~ Feeding America's Hungry

Frequently Asked Questions

Do I have to include my wish to leave a gift to the Society of St. Andrew in my will? To be certain that the Society of St. Andrew receives the gift you should state your intention in your will.

Must I have an estate in order to leave a gift? An "estate" is any property, money, or personal belongings you may have at the time of your death. Most people leave an estate when they die, which may consist of financial assets, real estate, property, insurance, etc. Anyone can arrange to leave a charitable gift from their estate.

How do I leave a gift in memory of a person or for a specific purpose? You do this in the same way you would leave a personal gift from your estate. Simply make it clear the gift is in memory of a particular person or for a specific use.

Do I tell the Society of St. Andrew I've left a gift? That is up to you. If you let us know in advance we can recognize you for your generosity and tell you about specific opportunities for giving.

Who can help me arrange for a gift? Your financial planner, lawyer, accountant, or insurance agent. If you do not have a relationship with a professional, call the Society of St. Andrew for help at 800-333-4597.

Legacy Giving

You may volunteer regularly and give financially to the Society of St. Andrew, but when you are gone your support will be sorely missed.

By leaving a legacy through a Life Income Gift or a gift in your will, you can continue to help the Society of St. Andrew feed hungry Americans.

If leaving a living legacy or Life Income Gift is of interest to you, please contact the Planned Giving Advisor at the Society of St. Andrew at 800-333-4597 or via . We will guide you through this important process and, on your behalf, call in a financial expert who will fully explain the legal and tax aspects of leaving a gift.

Bequests and Life Income Gifts

Gifts to charities and institutions are often given for the tax benefit as well as for philanthropic reasons.

A Life Income Gift can not only financially help the designated organization, but can also provide an income to the donor during life and benefit his or her heirs. Here are some of the bequests and Life Income Gift options available:

Charitable Gift Annuity: The most common of gifts that provide income back to the donor or other beneficiary. It guarantees a fixed income in exchange for a gift.
Pooled Income Funds: Similar to a mutual fund, however the donor may not make withdrawals but receives quarterly payments for life.
Charitable Remainder Trusts: Gifts are placed irrevocably in trust with the named beneficiary(ies) receiving a fixed or variable income for life or a term of years not to exceed 20.
Non-Grantor Lead Trusts: Provides income to the charity and the principal to the giver's heirs.
Bargain Sale: The deliberate sale of an asset (usually real estate) for less than the appraised value, providing significant tax deduction benefits.
Gift of Residence With Retained Life Use: Provides tax deduction benefit as well as relieves the donor of concern about how the home will be managed after death. The donor can make a substantial gift but not experience a change in lifestyle.
Bequest: Gifts made in a will, which can be made in honor or in memory of someone or for a specific purpose. All of the gifts mentioned above can be also made by bequest in a will.