Bequests by Will A bequest (a gift by will) is one of the most popular types of planned gifts because wills are easily understood by most individuals.
A will is simply a means of establishing a legal record of a person’s wishes regarding the eventual use of assets accumulated during his or her lifetime. A charitable bequest in one’s will can make a significant charitable gift when the property is no longer needed. You may direct that The Greater Cincinnati Foundation receive a percentage of your estate, a set amount of money, or a specific asset (such as a stock, bond or mutual fund), and your gift can be added to one of several fund types.
Sample language* to include a bequest to GCF in your will is: “I give and bequeath to The Greater Cincinnati Foundation, an Ohio nonprofit corporation (a sum of money, percentage of my estate or description of the gift). I request that the gift be used to establish the (name of fund) Fund and that (name of investment manager) be named as the Investment Manager.
Note: This language should be adapted to provide for any special restriction or to define a field of charitable interest.
*If a bequest will be made to add to a GCF fund that was created prior to January 1, 1998, please contact GCF for the appropriate language. Moreover, certain restrictions may apply to your choice of investment advisor. See Investment Firm Relationships for a list of the banks and firms that currently manage GCF's assets. Please contact a member of our Giving Strategies Group by calling (513) 241-2880 for additional information or clarification.
The Foundation Society recognizes people who have remembered GCF with a bequest in their will or other type of personal gift. For more information see: The Foundation Society: Recognizing Legacies.
