Planned Giving
Making a Bequest
A bequest in your will is one of the simplest ways to make a charitable
gift. Through a bequest, you may make a contribution to an existing
fund or establish a named fund. Either option ensures that your
charitable wishes will be carried out forever for the benefit of
our mountain region. For more information, contact Sheryl
Aikman, Vice President, Development.
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
spendable 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
spendable income from this fund shall be distributed to the (names
of recipient organizations) so long as said entities shall be tax
exempt under section 501[c](3) of the Internal Revenue Code as amended.
For a combination of purposes
The spendable income from a fund established by bequest may be divided
among a combination of purposes. The instrument should specify percentages
for each.
For example:
25% of the spendable income from this Fund shall be used for the
unrestricted charitable purposes of The Community Foundation of
Western North Carolina.
25% of the spendable income from this Fund shall be used for the
purpose of providing opportunities for disadvantaged youth.
25% of the spendable income from this fund shall be used for the
purpose of promoting the visual arts in Buncombe County.
25% of the spendable income from this fund shall be divided evenly
between [name organization(s)], so long as said entity shall be
tax exempt under Section 501[c](3) of the Internal Revenue Code
as amended.
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