Bequests

A Bequest could be the most important charitable gift you ever make—and one of the easiest.


We want to provide you with the tools you need to create your charitable legacy for the community.  Please take a minute to meet Shelly Saczynski, who plans to leave a gift from her will to set up fund to support Columbus House and New Reach.


And when you are ready to create your charitable legacy, your next step is to download Why Not Forever?

Sample Bequest Language

The usual method to make a bequest to The Community Foundation is as follows: the donor’s executor may transfer cash or other assets to The Community Foundation for Greater New Haven, Inc. Donors may also make bequests through The Community Foundation’s Trustee Banks. Bequests that are more than $10,000 can establish a named endowed fund. Bequests of any size can be added to an existing fund of The Community Foundation. The following sample language should be used for the bequest:

Bequests are gifts from your will or personal trust of cash, stock, real estate or other assets. You can change your bequest any time during your life.  Click on the image above to download our informational guide on bequests.

“I give (or bequeath) to The Community Foundation for Greater New Haven, Inc., a nonprofit charitable corporation, for the public, charitable and education uses and purposes, the following assets: _____________.

To add to an existing fund at The Community Foundation the additional following language would be appropriate:

“This gift will be an addition to The ___________ Fund (Fund Name) in accordance with the Certificate of Incorporation and the By-Laws of The Community Foundation for Greater New Haven, Inc.”

To establish an Unrestricted Fund the additional following language would be appropriate:

“This gift will create an endowed Unrestricted Fund for charitable purposes in accordance with the Certificate of Incorporation and the By-Laws of The Community Foundation for Greater New Haven, Inc. It is my desire that this fund be known as The [insert name] Fund. Annual distributions from the Fund, as determined in accordance with the spending rule policies of The Community Foundation for Greater New Haven, shall be used for general charitable purposes.”

To establish a Designated Fund the additional following language would be appropriate:

This gift will create an endowed Designated Fund for charitable purposes in accordance with the Certificate of Incorporation and the By-Laws of The Community Foundation for Greater New Haven, Inc. It is my desire that this fund be known as The [insert name] Fund. Annual distributions from the fund, as determined in accordance with the spending rule policies of The Community Foundation for Greater New Haven, shall be awarded to (name of the particular charitable organization.)”

If more than one organization is to be designated, the language could read as follows:

“Annual distributions from the fund, as determined in accordance with the spending rule policies of The Community Foundation for Greater New Haven, shall be allocated as follows:

10% to (name of the particular charitable organization);

20% to (name of the particular charitable organization);

70% to (name of the particular charitable organization);”

You may also add the following:

“Should the prior named organization(s) cease to exist, annual distributions will be (select the appropriate phrase below)

Made to organizations which serve as nearly as possible the same purposes as the prior-named organizations, or,

Made at the discretion of the Board of Directors of The Community Foundation for Greater New Haven, Inc.”

To establish a Preference Fund the additional following language would be appropriate:

“This gift will create an endowed Preference Fund for charitable purposes in accordance with the Certificate of Incorporation and the By-Laws of The Community Foundation for Greater New Haven, Inc. It is my desire that this fund be known as The [insert name] Fund. Annual distributions from the Fund, as determined in accordance with the spending rule policies of The Community Foundation for Greater New Haven, shall be used to make grants for the following charitable purposes: (insert general purposes, e.g., youth development programs, elderly services programs, environmental causes, etc.)”

To establish a Scholarship Fund (Designated) the additional following language would be appropriate:

“This gift will create an endowed Scholarship Fund for charitable purposes in accordance with the Certificate of Incorporation and the By-Laws of The Community Foundation for Greater New Haven, Inc. It is my desire that this fund be known as The [insert name] Fund. Annual distributions from the Fund, as determined in accordance with the spending rule policies of The Community Foundation for Greater New Haven, shall be awarded to [name of the particular charitable/educational organization(s)]. Should the prior named organization(s) cease to exist, distribution will be made to [insert preference language].”

Questions? Contact Sharon Cappetta at 203-777-7071 or
scappetta@cfgnh.org.

Address

70 Audubon Street
New Haven, CT 06510
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Contact

203-777-2386
ContactUs@cfgnh.org

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