EXAMPLES of GIFT LANGUAGE

Following are examples of language which you as a professional can use to incorporate into various estate planning documents to accomplish the charitable objectives of a donor:

Will – Specific Gift

I give (description of gift) to Texas Forest Country Community Foundation, a Texas nonprofit Corporation, to be used for the purpose of (description of purpose).

Gift of Residue of Estate

I give the rest, residue and remainder of my estate to Texas Forest Country Community Foundation a Texas nonprofit Corporation, to be used for the purpose of (description of purpose).

Trust

Upon the occurrence of (description of event), the trustee shall distribute (description of gift) to Texas Forest Country Community Foundation, a Texas nonprofit corporation, to be used for the purpose of (description of purpose).

Life Insurance Policy or Retirement Benefits

Where a Foundation is Primary Beneficiary – Texas Forest Country Community Foundation, a Texas nonprofit corporation, to be used for the purpose of (description of purpose).

Where a Foundation is Contingent Beneficiary – if my (spouse, child) does not survive me, then the benefits payable under this (policy, plan) shall be paid to Texas Forest Country Community Foundation, a Texas nonprofit corporation, to be used for the purpose of (description of purpose).

Disclaimer

If my (spouse, child) survives me but disclaims any portion of his or her share of (my estate, the trust estate, the insurance proceeds, the retirement fund benefits) then the portion disclaimed shall pass instead to Texas Forest Country Community Foundation, a Texas nonprofit corporation, to be used for the purpose of (description of purpose).

Examples of description of gift under a will or trust:

$10,000
500 shares of stock in Exxon corporation
25% of my remaining estate
all of my remaining estate

Examples of description of purpose:

• an addition to its Unrestricted Charitable Fund
• an addition to its Administrative Endowment Fund
• an addition to (name of an existing Donor-Advised Fund, Special Endowment Fund or any other type fund already established and in existence at the Foundation).
• the establishment of a new Donor-Advised Fund to be known as the (name of fund). Fund with the donor advisor to be (name of advisor) the establishment of a new fund for use in the field of (description of field of interest).