Advisors
When your client considers making a gift to the Community Foundation of North Central Massachusetts through their will or trust they have the ability to invest in causes they care passionately about.
The following language can be used to assist donors and professional advisors in making gifts to the Foundation.
"I give devise and bequeath the sum of $ _______/the following described property _____________ (description of assets given) to the Community Foundation of North Central Massachusetts with the request that the funds thus transferred be used to establish an endowment, to be known as the ____________ (name fund), the income to be used to make grants to the following nonprofit organization(s) engaged in the following charitable and educational activities in the North Central Massachusetts area (indicate percentage to each organization if more than one): ___________
"I give devise and bequeath the sum of $ ________/the following described property _____________ (description of assets given) to the Community Foundation of North Central Massachusetts with the request that the funds thus transferred be used to enhance the quality of life for all citizens of North Central Massachusetts as part of the Foundation's General Fund."
"I give devise and bequeath the sum of$ ________,/the following described property _____________ (description of assets given) to the Community Foundation of North Central Massachusetts with the request that the funds thus transferred be used to establish an endowment, to be known as the ____________ (name fund), the income to be used to make grants to nonprofit organizations engaged in the following charitable and educational activities in the North Central Massachusetts area."
"I give devise and bequeath the sum of $ _______/ the following described property _____________ (description of assets given) to the Community Foundation of North Central Massachusetts with the request that the funds thus transferred to establish a scholarship fund, to be known as the ____________ (name fund), the income to be used to benefit (insert what you want the scholarship to support: students in need, students at a specific college/university, or students in a specific major)."
This language is provided as a sample only. It should be reviewed by your professional advisor.
For More Information
Erin Thomason
Director of Philanthropy 978-345-8383 Ext. 105