Bequest Under a Will or Trust

Many donors who have been philanthropic in their lifetimes are interested in continuing their giving beyond their lifetimes.  An easy and simple way to support the issues and communities you care about is by bequeathing all or a portion of your estate to the Foundation through your will.  Your bequest will allow you to make an impact in perpetuity.   Working with your attorney, you can add simple bequest language to your will to support either CACF’s unrestricted fund or a named component fund within the Foundation.  The Foundation’s unrestricted fund, the Community Endowment, responds to the ever-changing needs in the CACF service area by awarding grants to nonprofits working to improve the quality of life in the city of Charlottesville and the counties of Albemarle, Buckingham, Fluvanna, Greene, Louisa, Nelson and Orange.  Your will can also designate that all or a portion of your estate establish a component fund or flow into an existing component fund from which grants will be made in perpetuity to support the causes and organizations that you care about most.
 
Sample Bequest Language for an Unrestricted Gift
 
[I give, bequeath, and devise __%, or $_____, or the rest and residue of my estate to] the Charlottesville Area Community Foundation, a Virginia non-stock corporation authorized by its charter and bylaws to accept, hold and administer charitable funds, to be used to support the Community Endowment and to be administered pursuant to the policies of the Charlottesville Area Community Foundation.
 
Sample Bequest Language to Establish a Component Fund
 
[I give, bequeath, and devise __%, or $_____, or the rest and residue of my estate to] the Charlottesville Area Community Foundation, a Virginia non-stock corporation authorized by its charter and bylaws to accept, hold and administer charitable funds, to be used to establish a component fund of the Charlottesville Area Community Foundation to be known as the______________ (“the Fund”) and to be administered pursuant to a fund agreement on file with such organization.
 
Sample Bequest Language to Add to an Existing Component Fund
 
[I give, bequeath, and devise __%, or $_____, or the rest and residue of my estate to] the Charlottesville Area Community Foundation, a Virginia non-stock corporation authorized by its charter and bylaws to accept, hold and administer charitable funds, to be contributed to the ________________ (the name of the component fund) of the Charlottesville Area Community Foundation and to be administered pursuant to a fund agreement on file with such organization.
 
Please use the following information for the foundation: Charlottesville Area Community Foundation, P.O. Box 1767, Charlottesville, VA 22902, (434) 296-1024, EIN: 54-1506312