Did you know you can support the Community Foundation of Washington County MD's mission by leaving us a bequest in your will, living trust or with a codicil? Making a gift by bequest allows you to continue using the property you will leave to charity during your lifetime. You can also leave a lasting legacy by creating a named endowment to support your charitable goals.
We have many ways you can make a bequest to the Community Foundation of Washington County MD.
Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Community Foundation of Washington County MD.A bequest is generally a revocable gift, which means it can change at any time. You can choose to designate a bequest for a general or specific purpose so you have peace of mind knowing your gift will be used for its intended purpose. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
In order to make a bequest, you should first speak with your attorney. You can make a bequest for a specific purpose or to support the Foundation's
unrestricted grants program. We want to work with you and your attorney to help you identify ways to give and meet your charitable objectives and craft the
right language that will accomplish your goals.
If you make a restricted bequest, we recommend your attorney include the following provision to give Community Foundation of Washington County MD
flexibility should it no longer be possible for our Foundation to use your gift as you originally intended:
The following is some basic bequest language to assist you and your attorney:
1. Specific BequestI hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Community Foundation of Washington County MD, a nonprofit organization located at 37 S. Potomac Street, Hagerstown, MD 21740, Federal Tax ID #______________________, for Community Foundation of Washington County MD's purpose of ___________________________________________________________________________.
3. Residual BequestI hereby give, devise and bequeath to Community Foundation of Washington County MD, a nonprofit organization located at 37 S. Potomac Street, Hagerstown, MD 21740, Federal Tax ID # _________, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to Community Foundation of Washington County MD for the purpose of _____________________________________________________________________________.
4. Contingent BequestIf (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Community Foundation of Washington County MD, a nonprofit organization located at 37 S. Potomac Street, Hagerstown, MD 21740, Federal Tax ID # _________, DESCRIPTION OF PROPERTY to Community Foundation of Washington County MD for the purpose of _____________________________________________________________________________.
Please contact us if you have any questions about how to make a bequest
to Community Foundation of Washington County MD or to request any additional information that might benefit you and your attorney as you consider making a
bequest to us.
If you include a bequest for Community Foundation of Washington County MD in your estate plan, please contact us to let us know. We would like to thank you
and recognize you for your gift.