ILLINOIS PRAIRIE COMMUNITY FOUNDATION, INC.

SAMPLE BEQUEST LANGUAGE

I hereby devise to the Illinois Prairie Community Foundation, Inc., currently located in Normal, IL, a 501(c)(3) charitable organization, or to its successor organization, the following assets:¹ __________________________________________ . I direct that to the extent that, at the time of my death, assets are included in my estate which would produce income in respect of a decedent, such assets should be used, to the extent possible to fund such bequest.

¹[Describe
1) amount of gift – exact dollar amount, % of an asset, % of residual of estate, or other calculation for gift;
2) form of gift – cash, stocks, IRA beneficiary, etc. Note that it is usually more beneficial tax-wise to donate income in respect of a decedent (IRD) than other assets.]

This gift shall be used² ____________________________________________________________________________________

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²[Describe the intended use(s) for the gift, such as the name of the fund to be established or increased, any specific charity(ies) or field(s) of interest to benefit from the fund, and any other provisions you wish to indicate. Be sure to state if this gift is to be a donation to an endowment, either existing or new, if that is your intent.]

Please include the following provision in your bequest:
I understand that if any gifts to the Community Foundation are received and accepted subject to a Donor's conditions or restrictions as to the use of the gift or income therefrom, said conditions or restrictions will be honored, subject, however, to the authority of the Illinois Prairie Community Foundation's Board of Directors (hereinafter "the Board") to vary the terms of any gift if continued adherence to any condition or restriction is in the judgment of the Community Foundation's Board of Directors unnecessary, incapable of fulfillment or inconsistent with the charitable needs of the community served by the Illinois Prairie Community Foundation.