A bequest in a will is one of the simplest and most popular ways to leave a legacy for the benefit of your community and for future generations. Through a bequest, a donor has the opportunity to define the purpose of their giving by choosing to direct giving to an existing fund within the Community Foundation or by establishing a named fund with its own defined purpose. A new fund can be established through an estate gift. As an alternative, some donors prefer to start a fund during their lifetimes. It allows them to begin seeing the impact of their giving and serves as the named repository of their future planned gift.
Sample General Bequest Language:
I hereby give, devise, and bequeath to the Community Foundation of Bloomington and Monroe County, Inc. ___________________________(describe dollar amount, percent, fractional interest, or property).
To designate a specific endowment fund or other use, add the following:
It is my desire and instruction that this bequest to the Community Foundation be used for the following purposes: _______________ or be designated for the____________________Fund.
To include a residual bequest add:
If any one or all of the 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.
Legal name: Community Foundation of Bloomington and Monroe County, Inc.
Federal ID number: 35-1811149
Important: Please contact the Community Foundation of Bloomington and Monroe County when you choose to name the Community Foundation as a beneficiary of a planned gift. By doing so, we can ensure that the charitable intention of your gift is fulfilled and extend an invitation to participate in our Legacy Society.