Your Client’s Legacy

For decades, we have worked side by side with our donors to create legacies that support the issues they care about most. As your philanthropic partner, we can work with you to ensure your client has a plan in place that makes a lasting difference.

An art center’s theatre, a wellness program for seniors, a new fleet of vans for the Boys & Girls Club, even the Community Foundation itself— these solutions and many others have all been funded by legacy donors whose vision and generosity will live on forever in the vitality, beauty, and nonprofit missions of the Texas Hill Country.

 

Sample Legacy Language

The easiest way to assist charities with an estate gift is to include a provision in a will. When a family has an up-to-date will that they don’t want to change, a simple codicil can be signed, witnessed, and attached to an existing will.

The Community Foundation offers the following samples of language for wills and bequests with our recommendation that prospective donors consult their own professional advisors and attorneys when preparing estate planning documents. Please let us know if you need support in constructing other language that fits your client’s needs and intentions.

 

Suggested Bequest Language

A General Bequest is the simplest form of bequest whereby a person bequeaths a stated amount to the Community Foundation without any conditions attached and for the general support of Hill Country charitable causes.

"I give and bequeath to the Community Foundation of the Texas Hill Country, a public charitable foundation located in Texas [    ]% of my estate AND/OR the sum of $[           ] AND/OR the securities or other property described herein, namely, [                                           ] to be used for the general charitable purposes of the Community Foundation, as directed by its Board of Trustees."

 

An Endowment Bequest establishes an endowment gift, in which the principal is invested and the total return from the investments supports your charitable intent in perpetuity.

"I give and bequeath to the Community Foundation of the Texas Hill Country, a public charitable foundation located in Texas [    ]% of my estate AND/OR the sum of $[           ] AND/OR the securities or other property described herein, namely, [                                           ] to establish an endowment to be named the [______________] Fund and to be invested. The total return of the investments will be made available for annual distributions for the general charitable purposes of the Community Foundation, as directed by its Board of Trustees.”

 

A Designated Bequest provides a sum of money or percentage distribution for a designated endowment, project, or program of the Community Foundation.

"I give and bequeath to the Community Foundation of the Texas Hill Country, a public charitable foundation located in Texas [    ]% of my estate AND/OR the sum of $[           ] AND/OR the securities or other property described herein, namely, [                                           ] to establish an endowment to be named the [______________] Fund and to be invested. The total return of the investments will be made available for annual distributions for [specify a field of interest; for religious, charitable, scientific, educational, artistic, or other causes], as directed by the Foundation’s Board of Trustees.”

 

A Scholarship Fund Bequest will support local students achieve their dreams.

"I give and bequeath to the Community Foundation of the Texas Hill Country, a public charitable foundation located in Texas [    ]% of my estate AND/OR the sum of $[           ] AND/OR the securities or other property described herein, namely, [                                           ] to establish a scholarship fund to be named the [______________] Fund and to be invested. The total return of the investments of the Fund will be made available for annual distributions for academic scholarships, as guided by the established selection criteria, the Foundation’s scholarships advisory committee, and as directed by the Foundation’s Board of Trustees.” [Describe selection and renewal criteria. A list of commonly applied criteria is available from the Foundation office.]

 

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Not seeing something that meets your client’s needs? Please let us know if you need support in constructing other language that fits your client’s needs and intentions; we’re here to help and have dozens of additional samples. The Community Foundation’s EIN is 74-2225369.

 

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