Sample Bequest Language

 

A bequest, the most common form of planned giving, is a gift of assets (money and/or other property) that is made through your will, living trust or other testamentary arrangement.  No funds are transmitted or irrevocably transferred to the designated fund until after your death.  No estate tax will be owed on the amount of the charitable bequest. 


Fulfilling your charitable wishes through your will and Community Foundation fund can be done in one simple sentence, like the one below and can be used for estate gifts through:

  • Wills
  • Living Trusts
  • Retirement Plans Designations
  • Contingent provisions in any of the above estate documents


Sample Bequest Language


Percentage of Estate or Residuary Bequest

"I give, devise and bequeath _______________________ (describe dollar amount, property to be given, or proportion of residuary estate) to the Community Foundation of Greater Des Moines, a nonprofit corporation located in Des Moines, Iowa 50309, tax identification number 42-6139033, to benefit the Better Together Fund (the Community Foundation's grantmaking program)."


Alternatively, you may establish an endowment for a specific purpose through your estate by stating, "I give, devise and bequeath                                                    (describe dollar amount, property to be given, or proportion of your residuary estate) to the Community Foundation of Greater Des Moines, a nonprofit corporation located in Des Moines, Iowa 50309, tax identification number 42-6139033, to be added to the __________________ Fund, a component fund of the Community Foundation of Greater Des Moines, of which distribution and spending policy instructions are already provided." 


Bequest Provisions for Community Foundation County Affiliate Donors 

All affiliate foundations of the Community Foundation are component funds of the Community Foundation and are thus under its sole legal control. The language above may be amended to state "to the (name of Community Foundation affiliate here), an affiliate of the Community Foundation of Greater Des Moines..." Please contact one of our gift planning specialists for customized language.

 

Contact our team of gift planning specialists to learn more about making a gift to the causes you care about through your will or developing customized bequest language to meet your giving goals.

 

Important:  When making a planned gift (such as bequest, life insurance, retirement plans), please contact the Community Foundation of Greater Des Moines when you choose to name the Community Foundation as a beneficiary so that we can ensure your charitable intention(s) is/are fulfilled.

 

The appropriate wording for making a gift depends on the type of gift, state law and the donor's unique circumstances.  The Community Foundation of Greater Des Moines urges all prospective donors to seek the assistance of personal legal and financial advisors in matters relating to their gifts, and the resulting tax and estate planning consequences. 

Tax ID Number of the Community Foundation of Greater Des Moines
42-6139033







For more information

Sheila Kinman, CAPĀ®

Chief Advancement Officer

kinman@desmoinesfoundation.org

Phone (515) 447-4207