Gifts from Wills and Revocable Living Trusts

Including a charitable bequest in a will is a simple way for a donor to make a lasting gift to their community. When a donor makes this gift through the Community Foundation, the Foundation establishes a fund that benefits the community forever and becomes the donor's personal legacy of giving.

You can create a fund at the Foundation or add to an existing fund through a will or trust. In addition to saving estate taxes, they can create a living memorial benefiting our community.

Bequests

Bequests can be made by will or revocable trust and can take a variety of forms such as a specific amount, a percentage of an estate, or a certain asset. They can name the Community Foundation as the “residuary beneficiary” of all or part of their estate after other bequests have been made, or as a “contingent beneficiary” in the event that other named beneficiaries do not outlive you.

The following language is appropriate for a bequest:

(a) I give and bequeath ____ percent/amount of my adjusted gross estate (as that term is defined in the federal estate tax laws) to (your fund’s name) of the Community Foundation Serving Greeley and Weld County, subject to its governing instruments, policies, and procedures, as amended from time to time.

(b) This gift shall be devoted to the general charitable purposes of the Community Foundation Serving Greeley and Weld County as set forth in its governing instruments, as amended from time to time.