Thank you for considering a legacy donation or bequest to the Prescott Community Cupboard Food Bank. Your generosity can make a lasting impact on our community and help us in our mission of fighting hunger. By leaving a bequest to our organization, you can ensure that your support continues long into the future, providing vital resources for those in need.
Why Consider a Bequest?
A bequest is one of the most meaningful ways to support the Prescott Community Cupboard Food Bank. By including us in your estate plans, you are leaving a lasting legacy that will positively impact the lives of individuals and families facing food insecurity for years to come. Your bequest will enable us to continue providing nutritious meals, food assistance programs, and essential resources to those who need it the most.
When you make a bequest, you join a community of caring individuals who are passionate about making a difference. Your support allows us to continue our work in fighting hunger and promoting food security in our local community.
Types of Bequests
There are several types of bequests you can make to the Prescott Community Cupboard Food Bank:
- Specific Bequest: This type of bequest allows you to designate a specific dollar amount, piece of property, or specific asset to be donated to our organization. It gives you the flexibility to direct your gift to a particular area of our work that is close to your heart. For example, you can specify that your bequest goes towards funding our childhood nutrition programs, emergency food assistance, or capacity building initiatives.
- Residual Bequest: A residual bequest involves designating a percentage or all of the remaining assets of your estate to the Prescott Community Cupboard Food Bank after all other bequests, debts, and taxes have been paid. This type of bequest ensures that your support goes directly towards supporting our ongoing programs and operations.
- Contingent Bequest: A contingent bequest is made on the condition that certain events occur. For example, you may specify that if your primary beneficiaries do not survive you, a portion or all of your estate will be given to our organization. This allows you to plan for unexpected circumstances while still supporting our mission.
- Restricted Bequest: With a restricted bequest, you can specify how your gift is to be used. This can include designating funds for a specific program, project, or area of need within Prescott Community Cupboard Food Bank. We are committed to honoring your wishes and ensuring that your bequest fulfills your philanthropic goals.
How to Make a Bequest
Making a bequest to the Prescott Community Cupboard Food Bank is a straightforward process. Here are the essential steps:
- Consult with Your Attorney: It is essential to work with an experienced estate planning attorney to ensure your bequest is properly documented and aligns with your overall estate plan.
- Determine Your Bequest Type: Decide which type of bequest aligns best with your philanthropic goals and priorities.
- Include Specific Language: Make sure your bequest language is clear and unambiguous to ensure your intentions are accurately carried out.
- Notify Us: While not required, we encourage you to inform us of your bequest intentions. This allows us to properly recognize your generosity and ensures we have a clear understanding of how you wish your gift to be used.
- Review and Update: Periodically review and update your estate plans to ensure they reflect any changes in your circumstances or wishes.
We are here to support you throughout the bequest process and answer any questions you may have. If you would like more information or need assistance in making your bequest, please don't hesitate to reach out to our team at the Prescott Community Cupboard Food Bank. Together, we can make a difference and create a hunger-free community for future generations.
Prescott Community Cupboard Food Bank
Phone: [Phone number]
Email: [Email address]