The Leave a Legacy plan enables you to give a donation to the Cereals & Grains Association Foundation through your will or estate plan. Bequests to a tax-exempt recipient, such as the Cereals & Grains Association Foundation, are not subject to estate tax and can reduce the tax liability for your heirs. By giving to the Foundation in your will or estate plan, you’ll make a lasting impact on the future of grain science for generations to come.
What can I give?
You can arrange for a gift in several ways, including a will. Many people set aside a certain dollar amount. Others leave a percentage of their estate, or any assets left over after their family has been provided for. Some give items they own, such as a car or a home. Others leave a paid life insurance policy or other financial investments.
Who can help me arrange for a gift?
Contact your professional advisor for help. Your advisor can make sure you are getting the maximum tax and legal advantages allowed for your gift. You should state your intentions in your estate plan and will, prepared by an attorney. Without this planning, your property and finances are distributed according to state law.
How do I leave a gift in memory of a person or for a specified purpose?
A gift is a wonderful way to recognize someone who has made a difference in your life. You may also want to give to a specific cause like research or to a new conference center. This kind of memorial gift can be arranged in your will, the same way that you would leave a personal gift from your estate. You just need to make it clear that the gift is given in memory of a particular person or for a specific use.
Do I tell the organization I've left the gift?
This is up to you. Most organizations often like to know in advance so they can recognize your generosity. They can also tell you about specific opportunities for giving. Whether you let the organization know of your plans or not, is your decision to make.
Take the first step
To donate or to learn more about including a gift to the Cereals & Grains Association Foundation in your will or estate plan, contact the Foundation here or +1.651.454.7250.