Planned Giving

“We make a living by what we get; we make a life by what we give.” – Winston Churchill

“The things you do for yourself are gone when you are gone, but the things you do for others remain as your legacy.” – Kalu Kalu

Over 50 years ago members of the Food Industry Foundation recognized the need to ensure the future of the food industry by supporting young people just starting out. Since then, FIF has supported endowments at the University of California at Davis, California Polytechnic University, San Luis Obispo, Santa Clara University and California State University at Chico. Our fundraising efforts have provided scholarships to hundreds of student enrolled in agriculture programs.

There are only three places to leave your money when you are gone – heirs, charity or taxes. While we always want to provide for our families, more and more individuals are choosing to also leave a legacy, and what better legacy than helping students succeed in the food industry? We ask that you consider including the Food Industry Foundation in your estate plan.

Contact us at info@foodindustryfoundation.org for more information.

Please note: We do encourage you to consult with an estate planning attorney, CPA and/or financial planner.

There are several Legacy Gift Options:

1.  Outright Gift – You may transfer an asset to The Food Industry Foundation today. Outright transfers while you are alive ensure your gift avoids the time and expense of Probate or Trust Administration. We can utilize your gift right away.

2.  Beneficiary Designation – Name The Food Industry Foundation as a beneficiary or partial beneficiary of your Retirement Plan, IRA, Life Insurance or Annuity. It is simple. Request a Beneficiary Update Form from your broker or agent. On the new form, name The Food Industry Foundation as a beneficiary. Be sure to include our Tax ID number which is 56-2488769 and the percentage or exact dollar amount that you would like us to receive.

3.  POD/TOD – Add a POD (Pay on Death) or TOD (Transfer on Death) designation to any bank account, CD, stock or mutual fund. Name The Food Industry Foundation as the POD or TOD beneficiary. Ask your banker or broker for more information. He or she will walk you through the change. Remember to specify the percentage or exact dollar amount you would like us to receive.

 4.  Will – Name us in your Will to receive a percentage of your estate, or a specific gift, like $10,000, or a particular asset, like the restored 1955 Corvette. Your Will should include our legal name, The Food Industry Foundation and our Tax ID number: 56-2488769

 

We encourage you to explore more about planned giving by visiting the California Plan Your Giving website.