The Hudson Community Foundation encourages individuals to seek professional, legal, estate planning and/or financial advice when determining a planned giving arrangement. We’ve provided a few examples of language that can be used in a will or living trust.
1. Gifting a Specific Amount of Money
“I give to the Hudson Community Foundation, a nonprofit corporation of the State of Ohio, currently located at 49 E. Main Street, Hudson, Ohio 44236, and successors and assignees, the sum of $_____________.”
2. Gifting the Remainder of an Estate
“I give to the Hudson Community Foundation, a nonprofit corporation of the State of Ohio, currently located at 49 E. Main Street, Hudson, Ohio 44236 and successors and assignees, all or ____% of the rest, residue, and remainder of my estate.”
3. Gifting of a Bequest
Option #1: “My bequest shall be used to establish a Donor Advised Fund with the following individual(s) as fund advisors: ___________, _________, and ___________.”
Option #2: “My bequest shall be used to establish a fund to devoted to the following cause or issue:____________________________________.”
Option #3: “My bequest shall be used to establish a fund to support the following Section 501 (c) (3) public charity(ies) _____________________________________________.”
Option #4: “My bequest shall be used to establish a Scholarship Fund to support scholarships [at the] ____________________ School, for a special area of study, or in recognition of academic achievement or other qualities].”
Option #5: “My bequest shall be used to support the Operating Endowment Fund of the Hudson Community Foundation.”