You can turn your personal passion into a lasting impact with a planned gift to Open Heart Kitchen. We are happy to meet with you to talk about your intentions and situation. However, we strongly recommend you consult with your estate planning professional or tax advisor to fulfill your goals for your financial portfolio and tax needs.
Making a planned gift also qualifies you to join the Legacy Society, a group of committed supporters who want to ensure Open Heart Kitchen continues to feed all those who are hungry in the Tri-Valley.
If you have already included Open Heart Kitchen in a bequest or other planned gift, please let us know so we can honor your support. We respect those who wish to remain anonymous, but we urge you to let us know of your plans on a confidential basis, as it allows Open Heart Kitchen to plan for the future. Contact Denise Bridges, Development Director, at email@example.com or call (925) 500-8104.
We accept a range of planned giving options:
Wills or Trusts
The simplest way to leave a planned gift is to make a bequest including specific language in your will or living trust naming Open Heart Kitchen as the recipient. The following is an example of suggested language to include in your will/trust:
“I give and bequeath to Open Heart Kitchen, a California non-profit corporation, located at 1141 Catalina Drive, Suite 137, Livermore CA 94550, the sum of $____, or ______% of my estate, to be used for the accomplishment of its general purpose (or for a specific purpose as indicated).”
Retirement Plan Donations or Life Insurance Policies
You can name Open Heart Kitchen as the beneficiary of your IRA, 401k or 403b retirement plan or life insurance policy. This is a simple, effective way to support the fight against hunger while reducing or eliminating significant, often unanticipated tax penalties. In addition, after age 70 and a half, you can also use your required minimum distribution up to $100,000 per year as a qualified donation avoiding taxes but satisfying your required minimum distribution.
Charitable Gift Annuities
A charitable gift annuity is the easiest way to create dependable income for life and help Open Heart Kitchen. Please note that Open Heart Kitchen does not administer charitable gift annuities but can recommend an administrator.
A Charitable Remainder Trust or Charitable Lead Trust allows you to receive an estate or gift tax deduction and create a source of income for you or your loved ones while supporting Open Heart Kitchen. Please note that Open Heart Kitchen does not administer these trusts but can recommend an administrator.
Real Estate/Appreciated Assets
A variety of assets can be donated such as real estate, appreciated securities, and tangible personal property such as art or jewelry. Donating appreciated assets can help offset income and capital gains taxes. If you are contemplating gifting an investment property or a vacation home, a gift of real estate offers an excellent option for tax-wise giving. You can also include Open Heart Kitchen as a beneficiary of real estate or appreciated assets in your will. Please be aware that as part of our gift acceptance policy, all gifts of real estate, appreciated assets and tangible personal property are examined on a case-by-case basis.