image dexcription

The Harvest Society

What is the Harvest Society?

The Harvest Society, Chattanooga Area Food Bank’s esteemed planned giving society, recognizes donors, volunteers and friends who have made provisions in their estate plans to ensure tomorrow's families in need will have nutritious meals they need to thrive.

Bequests

A bequest in your will, naming the Chattanooga Area Food Bank as a beneficiary, is an easy way to support future hunger relief efforts. A bequest can be a gift of cash, securities, or other specified asset.

 

Life Insurance

Life insurance policies are another asset suitable as a planned gift to the Food Bank. By donating a paid-up life insurance policy or designating the Chattanooga Area Food Bank as a beneficiary of a new policy, you can help us to continue our distribution of food to those in need well into the future.

Retirement Assets

Retirement assets may be one of the best ways to transfer a charitable contribution because of their specific characteristics. In many cases, retirement assets can be the highest taxed asset of an estate, and a beneficiary may have to pay income tax on distributions received. Please consult your legal and/or financial advisor about the gifting of any type of retirement asset, profit sharing plan, a 401(k) or 403(b), or an IRA before taking action. You can make a tax-efficient gift and help us provide food for those in need through a Charitable IRA.


Harvest Society

 

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.