Fund Agreement and Bequest Language

For your convenience, we’ve included several forms that will cover most of the transactions you and your clients will likely file with the Foundation. Of course you have wide discretion in the choice of wording you choose to employ in these forms, which simply offer suggested text.

Fund Agreement

With a $10,000 gift, anyone can create a charitable fund with Greater Worcester Community Foundation.

The Foundation is a 501(c)(3) public charitable corporation and all contributions are fully tax-deductible to the extent permitted by law. The Foundation's federal identification number is: 04-2572276.

The Fund can be established in your client's name or their family—or let its name honor a cherished person, group or cause. All grants from the fund will carry its name, now and in the future.

Download Sample Agreement to Create a Fund (Word 207kb)

Sample Bequest Language

Unrestricted Bequest

I give, devise and bequeath to Greater Worcester Community Foundation, a Massachusetts non-profit corporation (the "Foundation"), the following assets:

[insert specific assets, dollar amount, percentage, or residuary]

This gift will create an unrestricted fund (the “Fund”) for charitable purposes in accordance with the Articles of Association of the Foundation.

The Fund shall be named The _______________________ Fund.

Field of Interest or Designated Fund

I give, devise and bequeath to Greater Worcester Community Foundation, a Massachusetts non-profit corporation (the "Foundation"), the following assets:

[insert specific assets, dollar amount, percentage, or residuary]

The Fund shall be named The _______________________ Fund.

Annual distributions from the Fund, as determined in accordance with the distribution policies of the Foundation, shall be paid to or for the support of ____________________________ with the understanding that the Articles of Association of Greater Worcester Community Foundation gives its Board of Directors variance power should "circumstances have so changed since the execution of this instrument as to render unnecessary, undesirable, impractical or impossible a literal compliance with the terms of this instrument."

Bequest to an Existing Fund

I bequeath __________________________________ (describe dollar amount, property to be given, or proportion of your residuary estate) to Greater Worcester Community Foundation, a Massachusetts non-profit to be added to the _______________________ Fund, a component fund of Greater Worcester Community Foundation, and I direct that this bequest become part of this Fund.

Special Note

Please note that the above language is for informational purposes only and the Foundation staff can assist with the actual document preparation to ensure our ability to comply with the donor's wishes.

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