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Not everyone wants to commit to making a gift in their wills or estates. Some prefer the increased flexibility that a beneficiary designation provides by using:
It only takes three simple steps to make this type of gift. Here's how to name Second Harvest of Silicon Valley as a beneficiary:
When you have finished, please return the form to your plan administrator, and notify us of your gift.
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Robert and Carol treasure the financial help they've been able to give their children and Second Harvest over the years. The couple recently updated their will to leave stocks and real estate to their kids. They left Second Harvest a $75,000 IRA to be transferred following their lifetime. Because Second Harvest is tax-exempt, all $75,000 will help support our mission.
If Robert and Carol had left the IRA to their children, approximately $18,000* would have gone to pay federal income taxes—leaving only $57,000 for their family's use. Robert and Carol are happy knowing they are making the most of their hard-earned money thanks to their updated estate plan.
*Based on an assumption of a 24 percent marginal income tax bracket.
Legal name: Second Harvest of Silicon Valley
Address: 4001 North 1st Street, San Jose, CA 95134
Federal tax ID number: 94-2614101
Download our FREE guide Beneficiary Designations: Easy Ways to Leave Your Legacy.