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Bequest Language

Sample bequest language: "I, give, devise and bequeath to the Allegan County Community Foundation [dollar amount or percentage of the estate or description of property] for its unrestricted use and purpose." Or in the case of a gift made to a fund administered by the Foundation..."I, give, devise and bequeath to the Allegan County Community Foundation [dollar amount or percentage of the estate or description of property] for the XYZ Fund administered by the Allegan County Community Foundation." Click here for the list of funds.
 
A bequest is a smart way to make a gift given the economic times – one larger than you might have thought possible. By designating a specific sum or a percentage of your estate for the Allegan County community through the Allegan County Community Foundation, you can make a major difference, even if you can’t commit any assets today.
 
Below are some types of charitable bequests that might fit your needs.
 
To save unnecessary legal fees, include the following language when donating through a will or trust: "...as per the directives on file at the Allegan County Community Foundation". This allows for review and revisions throughout the years without having to revise your trust. Just be sure to communicate with the Foundation as your charitable goals change.
 
Unrestricted bequest: This is a gift for general purposes, to be used at the discretion of our governing board. A gift like this—without conditions attached—is frequently the most useful, as it allows the Foundation to determine how the funds are allocated to best serve the community.
 
Residuary bequest: This is a gift of all the "rest, residue and remainder" of your estate after all other bequests, debts and taxes have been paid. This type of bequest may also be unrestricted.
 
Restricted bequest: This type of gift allows you to specify how the funds are to be used. It's best, however, to consult the Allegan County Community Foundation when you make your will to be certain your intent can be fulfilled and that your gift is allocated appropriately.

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Allegan County Community Foundation
524 Marshall Street
Allegan, Michigan 49010
Phone. 269.673.8344
Fax. 269.673.8745
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