Sample Estate Planning Language

A bequest in a will or other planning document is one of the simplest ways for your clients to make a charitable gift to The Community Foundation. Through a bequest, a client may make a contribution to an existing fund or establish a named endowment fund. Either option ensures that their charitable wishes will be carried out forever.

Suggested Language

I give and bequeath to The Community Foundation of Western North Carolina, Inc. (all the residue of my estate OR stated percentage of estate OR a stated sum OR a specific asset) real or personal which I own at the time of my death or over which I have power of disposition. The Community Foundation of Western North Carolina, Inc. shall administer said trust estate for the sole benefit of, and in accordance with, the provisions of its Articles of Incorporation and any amendments or additions thereto at any time made. Add appropriate language from choices below...

For a New Unrestricted Fund: The fund so established shall be known as the (NAME OF FUND) Fund of The Community Foundation of Western North Carolina, Inc.

For an Addition to an Existing Fund: I direct that this distribution be added to and become part of the (NAME OF FUND) held and administered by The Community Foundation of Western North Carolina, Inc., in accordance with the provisions of the agreement establishing said Fund.

For a New Field of Interest Fund: The fund so established shall be known as the (NAME OF FUND) Fund of The Community Foundation of Western North Carolina, Inc. The net income from this fund shall be used for the purpose of (explain purpose of fund).

For a New Designated Fund: The fund so established shall be known as the (NAME OF FUND) Fund of The Community Foundation of Western North Carolina, Inc. The net income from this fund shall be distributed to the (name of recipient organization) so long as said entity shall be tax exempt under section 501[c](3) of the Internal Revenue Code as amended.

For a Combination of Purposes: The net income from a fund established by bequest may be divided among a combination of purposes. The instrument should specify percentages for each.

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