Planned Giving / Bequests

Planned Giving:

Including House of Hope as a beneficiary in your will or trust can help you make a wonderful gift without impacting your current standard of living or income flow. As a result, you’ll be helping future generations in your community to overcome hunger and hardship by leaving this legacy of hope. Your gift will ensure that House of Hope can continue its work and further its mission for many years to come. Planned gifts allow you to combine your philanthropic goals with your financial needs. Consider one of the options below as a planned gift:

  • Bequests: Do you realize that your will (or lack of one) will have a profound impact on the lives of the people you cherish most and on the like-minded organizations that you have supported throughout your life? Your will can help provide financial security for family members and help House of Hope. Naming House of Hope as a beneficiary in your will is an easy way to support future efforts of the organization. A bequest can be a gift of cash, securities, or other specified assets. There are four common ways of making a charitable gift through your will or living trust. 1) A Percentage of Your Estate, 2) A Specific Amount, 3) Specific Property and 4) A Residual Gift.
  • Life Insurance: Life insurance policies are another asset suitable as a planned gift to House of Hope. By donating a paid-up life insurance policy or designating House of Hope as a beneficiary of a policy, you can help us continue to operate our Client Choice Pantries and distribute nutritious foods to the neediest communities.
  • Retirement Assets: Retirement Assets may be one of the best to transfer as 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 an IRA before taking action.

For more info on donating retirement assets, click here.

  • Real Estate: Donating residential real estate is another asset suitable as a planned gift to House of Hope. Before you sell residential real estate and donate the net proceeds to charity, consider donating that property directly to a charity for two major benefits: 1) A potential income tax charitable deduction for the fair market value, and 2) A greater gift to charity – charities don’t pay capital gains taxes, so the full value of your gift would go to House of Hope.


Click here for more information on determining the value of donated property.


  • Charitable IRA Rollover: If you are 70 ½ years old or older, you can take advantage of a simple way to support House of Hope and receive tax benefits in return. You can donate up to $100,000 from your IRA directly to a qualified charity such as House of Hope without having to pay income taxes on the money. This law no longer has an expiration date, so you are free to make annual gifts to House of Hope this year and well into the future!


Why consider a Charitable IRA Rollover? Your gift will be put to use today, allowing you to see the difference your donation is making in the community. You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction.If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.Please consult your financial advisor when making this consideration.


  • Stocks/Bonds:  There are advantages to donating stock directly to House of Hope rather than cashing it out and making a donation. When the stock is donated, you can claim the full market value of the stock as of the day it was given as a charitable gift, and you do not have to pay capital gains tax. Appreciated stock held over time could have significant savings. Please consult your financial advisor when making this consideration.