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SPECIMEN GIFT LANGUAGE

Sample Fund Agreements

Specimen Gift Language

Fund Types

Investments

Private Foundation Comparison

Frequently Asked Questions

Planned Giving

Following are examples of language that can be incorporated into various estate planning documents to accomplish the charitable objectives of a donor:

Will

ETCF hosts a variety of educational seminars and workshops throughout the year on topics related to charitable giving, tax and financial planning, and more. Seminars presented specifically for professional advisors qualify for continuing education credits.

Trust

Upon the occurrence of (description of event), the trustee shall distribute (description of gift) to East Texas Communities Foundation, a Texas nonprofit corporation, to be used for the purpose of (description of purpose).

Life Insurance Policy or Retirement Benefits

Where Foundation is Primary Beneficiary – East Texas Communities Foundation, a Texas nonprofit corporation, to be used for the purpose of (description of purpose).

Where Foundation is Contingent Beneficiary – if my (spouse, child) does not survive me, then the benefits payable under this (policy, plan) shall be paid to East Texas Communities Foundation, a Texas nonprofit corporation, to be used for the purpose of (description of purpose).

Disclaimer

If my (spouse, child) survives me but disclaims any portion of his or her share of (my estate, the trust estate, the insurance proceeds, the retirement fund benefits) then the portion disclaimed shall pass instead to East Texas Communities Foundation, a Texas nonprofit corporation, to be used for the purpose of (description of purpose).

Examples of description of gift under a will or trust:

  • $10,000
  • 500 shares of stock in Exxon corporation
  • 25% of my remaining estate
  • all of my remaining estate

Examples of description of purpose:

  • an addition to its Unrestricted Charitable Fund
  • an addition to its Administrative Endowment Fund
  • an addition to (name of an existing donor advised fund, scholarship fund, special endowment fund or any other type fund already established and in existence at the Foundation).
  • the establishment of a new donor advised fund to be known as the (name of fund)Fund with the donor advisor to be (name of advisor)
  • the establishment of a new scholarship fund for students who (description of scholarship criteria).
  • the establishment of a new fund for use in the field of (description of field of interest).