Fewer than 50 percent of US Citizens have a last will and testament, and of those who do have a will, only about 8 percent include a charitable bequest as an element of their plans.
You can make a difference in your community for years to come by simply remembering the Community Foundation of Morgan County, Inc. in your will.
Ways to Designate a Charitable Gift in Your Will
| Form |
Language to be Used |
| A specific dollar amount |
I leave [legal name of charity] $1,000. |
| A specific class of property |
I leave [legal name of charity] all of my common stocks. |
| A specific asset |
I leave [legal name of charity] my home. |
| A percentage of the total estate |
I give [legal name of charity] property equal to 10-percent of my gross estate. |
| A percentage of the residue |
After distribution of the specific items (to other beneficiaries), I leave [legal name of charity 1], [legal name of charity 2], and [legal name of charity 3] equal amounts of the residue of my estate. |
| All of the remainder |
I give [legal name of charity] all of the property remaining after paying debts, expenses, and all specific bequests. |
| A contingent bequest |
In the event that my wife does not survive me, I give the property set aside for my wife to [legal name of charity]. |
| A formula distribution |
I leave [legal name of charity] an amount equal to 10 times the size of my average annual gift made to [legal name of charity] over the last three years of my life. |
For more information or help in formatting your will, please contact your legal advisor.