Planned giving
Donors not able to or not wishing to make a cash donation during their lifetime, may like to support the causes they care about through leaving a gift to the Foundation in their Wills or from their family trusts.
Bequests are a wonderful way to extend your client’s giving and allow them to give back to their community far into the future. Once your client has made provision for their loved ones, a gift in their will can be a perfect way to make a difference, without impacting on their current financial needs.
Suitable legacy clauses are:
“I give ____% of my residuary estate (or the sum of $______) to Advance Ashburton Community Foundation for its general charitable purposes.”
“I give ____% of my residuary estate (or the sum of $______) to Advance Ashburton Community Foundation to establish an individual named fund (specify name) within the Foundation, with primary charitable purposes as follows (specify purposes which must be charitable)”.
Where a named fund already exists:
“I give ____% of my residuary estate (or the sum of $______) to the (named fund) in Advance Ashburton Community Foundation for its specified charitable purposes.”
Where continued involvement of the Donor or their family is desired:
“I appoint my Trustees, [or nominated family members] as lifetime advisers of the named trust.”
All of the above provisions should be followed by:
“The receipt of a proper officer of the Foundation shall be a complete discharge to my Trustees who shall not be required to check the application of the funds.”
Care is needed with the wording of the specified charitable purposes. For the sake of consistency and ease of reference, the Foundation seeks uniformity of documentation. Argyle Welsh Finnigan, Ashburton, provide the Foundation pro bono assistance with the preparation of documentation.
Bequests are a wonderful way to extend your client’s giving and allow them to give back to their community far into the future. Once your client has made provision for their loved ones, a gift in their will can be a perfect way to make a difference, without impacting on their current financial needs.
Suitable legacy clauses are:
“I give ____% of my residuary estate (or the sum of $______) to Advance Ashburton Community Foundation for its general charitable purposes.”
“I give ____% of my residuary estate (or the sum of $______) to Advance Ashburton Community Foundation to establish an individual named fund (specify name) within the Foundation, with primary charitable purposes as follows (specify purposes which must be charitable)”.
Where a named fund already exists:
“I give ____% of my residuary estate (or the sum of $______) to the (named fund) in Advance Ashburton Community Foundation for its specified charitable purposes.”
Where continued involvement of the Donor or their family is desired:
“I appoint my Trustees, [or nominated family members] as lifetime advisers of the named trust.”
All of the above provisions should be followed by:
“The receipt of a proper officer of the Foundation shall be a complete discharge to my Trustees who shall not be required to check the application of the funds.”
Care is needed with the wording of the specified charitable purposes. For the sake of consistency and ease of reference, the Foundation seeks uniformity of documentation. Argyle Welsh Finnigan, Ashburton, provide the Foundation pro bono assistance with the preparation of documentation.
