"I'm truly overwhelmed by your loving efforts as you roll up your sleeves and bake my daily bread."
"You opened my door, your hearts, your kitchen and nourished me back to health."
"You deliver me more than meals, you also deliver kindness with hope."
Each meal costs $5, including fresh ingredients, cooking and delivery.
A gift to Project Angel Food through your estate and financial planning will help continue stabilizing our long-term finances to nourish our seriously ill neighbors well into the future..."for as long as it takes."
Bequests are directly allocated to our Reserve Fund, which is essential for our long term fiscal health. Sample Language for Including Project Angel Food in Your Will or Living Trust: "I give to Project Angel Food, a non-profit, tax-exempt 501(c)(3) organization incorporated by the laws of the State of California, having its principal office at 922 Vine Street, Los Angeles, California, 90038, the sum of $___ (or, __ percentage of my estate) (or, ___ percentage of my residuary estate) for its general corporate purposes."
Many estate assets may be transferred outside of your will. These include qualified retirement plan assets, bank and brokerage accounts, and the proceeds from life insurance policies. To name Project Angel Food as a beneficiary you may need to provide the following information on your beneficiary designation form: Address - Project Angel Food, 922 Vine Street, Los Angeles, CA 90038; Our Tax ID #:95-4115863
If estate preservation is a planning priority for you, this may be worth looking into.
How does it work? You transfer appreciating assets into the lead trust; the trust pays Project Angel Food income for a term of years; at the end of the term the balance of the lead trust passes to your heirs. Gift/estate tax on the transfer is reduced by the value of our income interest. The trust can be set up to reduce your gift or estate tax liability to zero. Best of all, your heirs pay nothing in capital gains tax on any appreciation in the assets that occurs during the term of the lead trust.
Contact Richard Ayoub at 323.845.1800 ext. 232 for more information.
Please note: This summary was prepared as an educational service to donors and potential donors and is not intended as legal or tax advice. Before making your estate plans, you should consult with a qualified estate planner, financial planner and/or attorney.