SCHOOL NUTRITION LEGACY CIRCLE
· What is the School Nutrition Legacy Circle?
A recognition program for those individuals who make a provision in his/her will, through a retirement plan or insurance policy, or with a donor-advised fund or trust to benefit the School Nutrition Foundation.
· What is a planned gift?
A planned gift is an arrangement for a contribution to be made to a non-profit organization on your behalf at a future date.
· In what ways may a planned gift have benefit for me?
o A planned gift gives you the opportunity to designate how your assets will be used in the future. If you have a commitment to an organization, a planned gift gives you the ability to support that organization for an extended period of time.
o Some planned gifts can provide income for you (and if desired, another person) for the rest or your life and that of the other person.
o Other planned gifts are revocable, which means if your circumstances change, you can change your intent.
o With retirement assets, your heirs may need to pay income tax, if income tax was not paid when the asset went into the plan. If that asset goes to a non-profit organization, the organization does not need to pay any deferred income tax.
· How will I be recognized as a member of the School Nutrition Legacy Circle?
o You will receive recognition, if desired, on the School Nutrition Foundation website and in publications, such as the School Nutrition Magazine.
o You will be recognized at conferences and meetings with a special ribbon for your name badge and acknowledgement at specific general sessions.
o You will be invited to a special recognition event to welcome new members to the School Legacy Circle from time to time.
o You may make your gift anonymously, if you choose.
· What benefits do I receive as a member of the School Nutrition Legacy Circle?
o You will have an opportunity to share your story with others who care about school nutrition as you do.
o You will receive customized updates on your specific areas of interest.
o You will receive communication from SNF on a regular basis, including the foundation newsletter.
· How do I become a member of the School Nutrition Legacy Circle?
o Membership is easy. No immediate donation is necessary.
o Name the School Nutrition Foundation as a beneficiary in your will, retirement plan, insurance policy, donor advised fund, or trust.
o Complete and return the intent form provided to the School Nutrition Foundation.
· What is a “charter member” of the School Nutrition Legacy Circle?
o A charter member is an individual that becomes one of the founding members of the school nutrition legacy circle. Charter members are those who establish the foundation of the program, who set the example for others, and who inspire others to consider becoming a member.
o Charter members will continue to be recognized as “charter” members in perpetuity.
o To become a charter member, you need to submit a completed and signed intent form before midnight on December 31, 2015.
· How do I include the School Nutrition Foundation in my will?
o You should consult with your attorney and add a provision to your will, possibly in the form of a codicil.
o Sample wording for a provision in your will:
Legal Name:
The School Nutrition Foundation
120 Waterfront Street, Suite 300
National Harbor, MD 20745-1142
Tax ID Number: 84-6039412
Unrestricted Bequest
I, (full name) of (city, state, zip code) give, devise and bequeath a gift of (insert amount of cash, percentage of assets or description of property) to the School Nutrition Foundation for the use of the School Nutrition Foundation to benefit the School Nutrition Association and its members.
(Sample wording for other types of provisions are available on the School Nutrition website: https://schoolnutrition.org/SNF/GiftPlanning/GivingThroughYourWill/)
o To make a provision for the School Nutrition Foundation through a retirement plan or insurance policy, you should contact the appropriate person and ask to change your beneficiaries; remember that assets can be divided among multiple beneficiaries.
· May I designate how my planned gift is used by the School Nutrition Foundation?
o Yes, you may designate that your planned gift be used for a specific purpose. For example, you may earmark your planned gift for the Josephine Martin Fund or for scholarships or for other specific programs.
· May my planned gift be used to create a named fund or an endowment fund?
o Yes, if the amount of the gift is sufficient to meet the minimum required for a named fund or an endowed funds. As these amounts change periodically, you should include in your provision that you wish the gift be used to establish a named fund or an endowment fund “if the amount of the gift meets the required minimum” and should indicate the purpose for which the gift is to be used.
· If I, my attorney or advisors, or members of my family have questions, to whom should we refer those questions?
o For questions about planned giving and about the School Nutrition Legacy Circle, please contact Janet Hedrick at 301-686-3081 or
The information in this document and on the School Nutrition Foundation website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney.
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