Elisabeth and Richard Waugaman

Elisabeth and Richard WaugamanFor decades, Elisabeth and Richard Waugaman had been longtime hunger-relief champions, supporting local food banks near their home in Potomac, Maryland. Driven to amplify their impact, the Waugamans sought ways to help people facing food insecurity beyond their region. That’s when Elisabeth and Richard turned their focus to supporting Feeding America.

“We have long been impressed by the stellar work done by Feeding America,” Richard said. “We have donated to local food banks for decades, but we wanted to help people facing hunger nationwide.”

Members of Feeding America’s van Hengel Society*, the Waugamans said there are several reasons they choose to support Feeding America, including the strategic and efficient stewardship of donor support—98.5% of contributions go directly to programs that serve people facing hunger—and our strong partnerships with corporations and organizations committed to ending hunger in our country.

To deepen their commitment to helping neighbors facing hunger in communities across the U.S., the Waugamans have elected to give by opening charitable gift annuities with Feeding America. This gift option can provide donors a variety of tax benefits, including a federal income tax charitable deduction and income for life of the annuitant and/or other named beneficiary.

“We decided that a charitable gift annuity is a win/win choice for anyone like us nearing retirement … it gives us peace of mind,” Elisabeth said. “Charitable gift annuities can have significant tax benefits, along with annuity income. If we don’t need the annuity income, we will donate it to charity.”

Richard added: “Most important, it is a way to help support the millions of people in America facing food insecurity who turn to the Feeding America food bank network for the meals they need.”

*The van Hengel Society is named for John van Hengel, the founder of the modern food bank movement, and honors individuals who make legacy gifts, including bequests and charitable gift annuities, in support of Feeding America.

Contact Us

Our planned giving team would be happy to speak with you in confidence, with no obligation.

I Have a Question

Already included us in your estate plan?

Let Us Know

Federal tax ID number: 36-3673599

A charitable bequest is one or two sentences in your will or living trust that leave to Feeding America a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Feeding America, a nonprofit corporation currently located at 161 N. Clark Street, Suite 700, Chicago, IL 60601, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Feeding America or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Feeding America as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Feeding America as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Feeding America where you agree to make a gift to Feeding America and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

First name is required
Last Name is required
Please include an '@' in the email address

eBrochure Request Form

Please provide the following information to view the brochure.

First name is required
Last Name is required
Please include an '@' in the email address