Wording For Gifts By Wills and Trusts

All gifts received by the Nebraska Community Foundation are used for the charitable purposes directed by our donors. Following are appropriate legal designations for gifts by wills, trusts and beneficiary designations:

Unrestricted Gifts for an Affiliated Fund

These funds may be expended at the discretion of the Fund Advisory Committee of an NCF affiliated fund to meet the charitable priorities of the community or charitable organization. Unrestricted gifts may be designated as follows:

“ . . . My gift shall be used at the discretion of the Fund Advisory Committee of the (name of the community fund or charitable organizational fund), an affiliated fund of the Nebraska Community Foundation, Inc., with its principal office in Lincoln, Nebraska . . .”

Designated Gifts for an Affiliated Fund

Donors may designate their gift to a specific charitable interest area within a community or charitable organization affiliated fund. The following wording may be used:

“ . . . My gift shall be used for the benefit of the (account name such as, “Endowment Account” or “Elementary PTO Account”) of the (name of community fund or charitable organization fund), an affiliated fund of the Nebraska Community Foundation, Inc., with its principal office in Lincoln, Nebraska . . .”

Donor-Advised Funds

Donors may reserve the privilege of recommending now or in the future communities or charitable organizations to be considered for grants. A donor-advised fund can be named in a will as follows:

“ . . . My gift shall be for the purpose of funding the (name of the fund) Donor-Advised Fund, an affiliated fund of the Nebraska Community Foundation, Inc., with its principal office in Lincoln, Nebraska . . .”

Gifts to Support the Nebraska Community Foundation

Donors may designate gifts to support NCF’s community development work by contributing to NCF’s general operating fund or its endowment fund.

Gifts to the general operating fund are utilized to meet current operations and development needs.

“. . . My gift shall be for the purpose of funding current operations of the Nebraska Community Foundation, Inc., with its principal office in Lincoln, Nebraska . . .”

If donors choose to support the NCF endowment fund, the principal of their gift is invested and only an annual payout as determined by the NCF Board of Directors is used to support the charitable work of the Nebraska Community Foundation:

“. . . My gift shall be for the purpose of funding the endowment fund of the Nebraska Community Foundation, Inc., with its principal office in Lincoln, Nebraska . . .”

Donors wishing to designate gifts or to establish donor-advised funds or endowment funds are encouraged to contact a Nebraska Community Foundation representative.  Donors can be assured that their charitable intentions will be fulfilled and their gift used in the most effective manner.
NCF can provide illustrations of various gift plans and sample documents as needed without obligation and at no cost.

Note: The above information is of a general nature and is not intended as legal advice. It should not replace the counsel of your tax, legal or estate planning advisors.