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CFMC Bequest language

You can plan your charitable legacy by including the CFMC as a beneficiary of your will or trust. By including this planned gift in your estate, you establish a legacy and can rest assured that we will carry out your charitable intent.
 

Nature of Bequest

Outright bequest in will

  • Specific dollar amount: "I bequeath the sum of $_____ to the Community Foundation for Monterey County, 2354 Garden Road, Monterey CA 93940 to establish the (NAME) Fund to be perpetually recognized and administered by the Foundation in accordance with its guiding documents and its procedures for endowed funds.
  • Share of, or entire residue, of estate: "I bequeath (all or _____%) of the remainder of my property to the Community Foundation for Monterey County ?
  • Specific property (personal property): "I bequeath (description of property) to the Community Foundation for Monterey County?
  • Specific property (real estate): "I bequeath all of my right, title and interest in and to the real estate located at (description of property) to the Community Foundation for Monterey County?

Outright bequest in trust

  • Upon the death of the Settlor, the Trustee shall distribute (specific amount) (percentage of estate) (residue of estate) to the Community Foundation for Monterey County, 2354 Garden Road, Monterey CA 93940 to be (state purpose ? see examples below)

Purpose of Bequest

General Language for Creating an Unrestricted Fund:
  • "I bequeath (specific amount) (percentage of estate) (residue of estate) to the Community Foundation for Monterey County, 2354 Garden Road, Monterey CA 93940, ("Foundation") to establish the (NAME) Fund to be perpetually recognized and administered by the Foundation in accordance with its guiding documents and its procedures for endowed funds. This Fund is unrestricted in purpose."
 For other types of Funds, substitute the following for the last sentence above:  
  • Field of Interest Fund (Created to fund agencies within a particular sector): "This Fund is to be a Field of Interest Fund and will support organizations and programs which (describe one or more areas of charitable interest)." 
  • Designated Fund (Created to benefit a specific agency(ies)): "This Fund is to be a Designated Fund, and grants from the Fund will exclusively support the following organizations: (list nonprofit organizations and/or programs and relative percentages if desired)." 
  • Donor Advised Fund: "This Fund is to be an Advised Fund and (name, address) will be the Donor Advisor(s) and will have the privilege during his or her lifetime to make grant recommendations to the Foundation's Board." 
  • Scholarship Fund: "This Fund is to be a Scholarship Fund which will provide scholarship support to (describe scholarship purpose and selection criteria in detail).?
  • Bequest to an Existing Fund: "I bequeath __________________________________ (describe dollar amount, property to be given, or proportion of your residuary estate) to the Community Foundation for Monterey County, 2354 Garden Road, Monterey CA 93940, to be added to the _______________________ Fund, a component fund of the Community Foundation for Monterey County, and I direct that this bequest become part of this Fund.
NOTE: If the donor prefers, the Foundation can work with him or her to prepare a more detailed Fund Agreement which could then be referenced as follows in the will or trust: "...and administered by the Foundation in accordance with its guiding documents, its procedures for endowed funds and with the separate Fund Agreement previously executed with the Foundation on (date)."
 

Contact Us


Please contact us if you have any questions about how to make a bequest to Community Foundation for Monterey County or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.

If you have included a bequest for Community Foundation for Monterey County in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.
 
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