Gifts & Endowments

POLICY FOR THE RECEPTION AND USE OF ENDOWMENT FUNDS

Gifts by check should be made payable to the North Kingstown Food Pantry

Credit card gifts help the NK Food Pantry benefit almost immediately.
You may donate to the Pantry using your American Express, MasterCard or Visa, by clicking on the "Donations" button & giving through PayPal. You DO NOT need a Pay Pal account, just a credit card.

ENDOWMENTS or GIFTS IN A WILL or TRUST

The Pantry has an endowment fund. You can view the policy here. If you would like to donate to our present endowment, let us know! Call the president to discuss this (401-885-3663 and ask for Kim Page) or email us. (nkfoodpantry@gmail.com) 

If you would like to make the North Kingstown Food Pantry a recipient of your estate, you can make a specific bequest in your Will stating:

I bequeath and devise XX,XXX.XX dollars ($XX,XXX.XX) to the North Kingstown Food Pantry, 445 School Street, North Kingstown, RI 02852.  Federal Tax ID Number: # 05-0455719.

PLEDGED GIFT

You may pledge a gift and arrange convenient payment installments.

LIFE INSURANCE & RETIREMENT PLANS

If you own a life insurance policy that is no longer needed, consider it as the perfect vehicle for a charitable gift! To receive a charitable deduction, name the North Kingstown Food Pantry as both the owner and the beneficiary of the policy. If the policy has a cash value, you can take a charitable deduction approximately equal to the cash value at the time of the gift. In addition, if annual premiums are still to be made and you continue to pay them, those premiums will become tax deductible each year. (It’s easy to contribute a life insurance policy to us. Just check with your life insurance agent for details on which forms to complete.) 

GIFTS OF STOCKS, BONDS, COLLECTIONS, ANTIQUES OR OTHER PERSONAL PROPERTY

Giving appreciated securities is a tax-wise way of benefiting the Pantry as well as the donor.

Example: If you purchased stock many years ago for $1,000, and it is now worth $10,000, an outright gift of that stock to the North Kingstown Food Pantry would result in a charitable deduction of $10,000. In addition, you permanently avoid paying capitol gains tax on the $9,000 of appreciation.

Here’s how it can be accomplished:


Please contact:
Kim Page, President NK Food Pantry
Phone: 401-294-6378

E-mail: nkfoodpantry@gmail.com

Donors cannot be credited for “unclaimed” stock gifts, so be sure to request the submission of your name with all stock transfers to the Pantry. Please ask your stockbroker or custodian to provide the donor’s name at the time of the transfer.

If you have a certificate you wish to give to the North Kingstown Food Pantry simply sign the back and mail it to:

North Kingstown Food Pantry

445 School Street

North Kingstown, RI 02852