SUPPORTING FARMABILITIES

We Need Your Support

Please consider helping a Farmabilities of New Hampshire by any of these means.

Gifts of Retirement Assets

If you are over 72, you are required to withdraw funds from your retirement accounts… but what if you do not need those funds? If you would rather not declare the income, and you would like to make a difference in the community, there is a solution!

You can direct the custodian of your IRA account to contribute up to $100,000 to Farmabilities of New Hampshire as a “Qualified Charitable Contribution.” The funds will go immediately to the vital work of Farmabilities, and you will not have to declare those funds as taxable income.

If you are reviewing your estate plans, consider leaving all or part of your retirement assets to Farmabilities of New Hampshire and other charitable organizations. If you hold traditional qualified IRAs, 401(k)s, or other retirement assets where the income tax was deferred, your heirs will be responsible for paying income tax after they inherit those funds. You would do well to discuss with your advisors how to leave your heirs different, non-taxable funds, while designating Farmabilities of New Hampshire as the beneficiary for a percentage of your retirement funds.

As a charitable organization, Farmabilities of New Hampshire would not have to pay taxes on tax-deferred retirement funds. All of your assets would go to work for the people and causes you care about the most.

Remembering Farmabilities of New Hampshire in your will or trust

A common and simple way of supporting Farmabilities of New Hampshire is by making a provision in your will or trust.

Your will or trust designates your beneficiaries and spells out your final wishes. The beneficiaries would include your heirs, of course, but many people include provisions for charitable organizations as well. It is our hope that you will consider including Farmabilities in your plans.

The following suggested forms of bequests are examples that can be adapted by you and your attorney to meet your specific intentions.

Specific Bequest

A specific bequest names a particular dollar amount to be left to Farmabilities of New Hampshire.

“I give and bequeath to Farmabilities of New Hampshire, a New Hampshire LLC organization, Tax ID number 86-2382195, with offices at 192 Flanders Memorial Road Weare, NH 03281, the sum of $ ___________ to be used for the general purposes of the organization (or to be used for a specific purpose such as A or B).”

Residuary Bequest

A residuary bequest first leaves specific amounts to family members, friends, or other charities, and then designates that all or part of what remains should go to Farmabilities of New Hampshire.

“I give and bequeath to Farmabilities of New Hampshire, a New Hampshire LLC organization, Tax ID number 86-2382195, with offices at 192 Flanders Memorial Road Weare, NH 03281, all (or stated percentage of) the rest, residue, and remainder of my estate to be used for the general purposes of the organization (or to be used for a specific purpose such as A or B).”

Contingent Bequest

A contingent bequest names Farmabilities of New Hampshire to receive part or all of your estate in the event your designated beneficiaries predecease you. 

 “If any beneficiary named in this will is not living at my decease, then I give and bequeath to Farmabilities of New Hampshire, a New Hampshire LLC organization, Tax ID number 86-2382195, with offices at 192 Flanders Memorial Road Weare, NH 03281, any bequest which said beneficiary would have received if he or she had survived me.”