Your Gift Can Last Forever
An endowment gift to Northern Illinois Food Bank today provides a brighter picture for our future. When you make a donation to our board designated endowment, you give a gift with both immediate and long-term benefits.
Endowment donations are invested. A portion of the annual income from the investment may be used to address immediate needs at Northern Illinois Food Bank. The remaining funds are reinvested to ensure indefinite support.
An Example of How It Works
Longtime supporters Susan and Charlie* have two goals: First, they want to make sure Northern Illinois Food Bank continues to receive support after they're gone. Second, they want to memorialize Charlie's parents, Mr. and Mrs. Jones.
Susan and Charlie make a $25,000 donation to Northern Illinois Food Bank, which we invest, and each year, a portion of the income from the invested money will be used to support our mission in honor of the Joneses. Plus, Susan and Charlie qualify for a federal income tax charitable deduction on their taxes.
*These examples are for illustrative purposes only, to maintain the privacy of our donors.
- Contact Gina Gramarosso at 630-443-6910, ext. 130 or firstname.lastname@example.org to discuss endowed gifts.
- Seek the advice of your financial or legal advisor.
- If you include Northern Illinois Food Bank in your plans, please use our legal name and federal tax ID.
Legal Name: Northern Illinois Food Bank
Address: 273 Dearborn Court, Geneva, IL 60134
Federal Tax ID Number: 36-3203648
Start Paying It Forward
View and download your FREE copy of Endowments: A Gift That Lasts Forever.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
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