A bequest is a charitable gift you provide through
your will. Bequests are the foundation of the American philanthropic
tradition.
A bequest enables you to make significant charitable
contributions that may not have been possible during your lifetime.
Specific Bequest – You designate the
Delaware Community Foundation to receive a specific dollar amount
or specific piece of property.
Sample language: I give and bequeath the sum of
___________ to the Delaware Community Foundation, a Delaware
nonprofit organization, to establish the [name of donor or family]
Fund.
Residuary Bequest – You give the Delaware
Community Foundation all (or a portion of) your property, after
all debts, taxes, expenses and all other bequests have been paid.
Sample language: I give and bequeath to the
Delaware Community Foundation, a Delaware nonprofit organization,
the remainder of my estate, both real and personal, to establish
the [name of donor or family] Fund.
Contingent Bequest – In the event of an
unexpected occurrence, your property will be used to create a fund
at the Foundation, rather than pass to unintended beneficiaries.
Sample language: In the event that _______________
does not survive me, I give and bequeath to the Delaware Community
Foundation, a Delaware nonprofit organization, the property set
aside for _________________, to establish the [name of donor or
family] Fund.