THANK YOU for your interest in including the Community Foundation in your estate plan. Endowment giving is a wonderful way to continue your charitable support beyond your lifetime. You can leave a personal legacy that reflects your values, commitments, and dreams for our community.
You may give to any existing fund within the Community Foundation, or you may develop a new endowment tailored to your interests. A fund may be established strictly through your estate. Alternatively, you may start it now and watch it begin helping our community during your lifetime.
One of the simplest and most popular ways to leave a legacy is through a bequest in one’s will.
Legal name: Community Foundation of Bloomington and Monroe County, Inc.
Federal ID number: 35-1811149
Sample bequest language:
Start with:
I hereby give, devise, and bequeath to the Community Foundation of Bloomington and Monroe County, Inc. . . .
You may make a general bequest from your estate as follows:
. . . the sum of $________, or _______ %, or ______ fractional interest of my estate.
You may make a specific bequest as follows:
. . . the sum of $________ . . .
OR . . . the property described as ________________________ . . .
AND, to designate a specific endowment fund or other use, add:
It is my desire and instruction that this bequest to the charitable organization be used for the following purposes:
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
You may make a residual bequest to take effect only if those named as primary beneficiaries predecease you, as follows:
If any one or all of the above named beneficiaries do not survive me, then I hereby give the share that otherwise would be (his/hers/theirs) to the Community Foundation of Bloomington and Monroe County, Inc.
For assistance: Feel free to contact us for gift planning ideas based on your charitable goals and financial circumstances. We also encourage you to discuss giving options with your attorney, accountant, or financial advisor. These professionals can help you identify the most tax-wise opportunities as well as gift plans that will help meet financial goals for you and your loved ones. Community Foundation staff are available to meet together with you and your advisors in order to determine the best giving plan for you.
Click here for other giving options including current gifts, memorial gifts, gifts that can help provide reliable income to you in your golden years, and more.
