BEQUESTS
To establish a bequest, you may wish to consider
the following specific paragraphs. Each of these
can be crafted to create a bequest that fulfills
your charitable intentions.
To Create A Fund At The Oak Park-River Forest Community
Foundation Use The Following Language:
I give [describe
gift] to the OAK PARK-RIVER FOREST COMMUNITY
FOUNDATION, an Illinois not-for-profit corporation,
(the "Foundation") to
be held by the Foundation and used for the charitable
purposes of the Foundation. This gift shall be
used to establish a fund known as the [name]
Fund (the "Fund").
[AT THIS POINT, PLEASE INSERT A STATEMENT OF
THE PURPOSE OF THE FUND, USING ONE OF THE OPTION
PARAGRAPHS BELOW]:
OPTION
I (Unrestricted Charitable Fund): The
purpose of the Fund is to provide financial support
for such worthy charitable, cultural or educational
purposes as the Board of Directors of the Foundation
shall from time to time determine.
OPTION
II (Designated Fund): The purpose of
the Fund is to provide financial support for
[enter name of organization; if more that one,
their names and shares].
OPTION
III (Field of Interest Fund): The purpose
of the Fund is to provide financial support for
organizations, to be selected by the Board of
Directors of the Foundation, that are [state
particular field of interest or area of service;
e.g., organizations that are engaged in assistance
to the elderly or organizations that protect
the environment].
OPTION
IV (Scholarship Fund): The purpose of
the Fund is to provide financial support for
[describe class of recipients; e.g., graduates
of a particular high school or students pursuing
a particular field of study]. Recipients shall
be selected according to procedures that the
Foundation shall from time to time determine.
[ADD THE FOLLOWING FOR ALL GIFTS]:
In the event that it becomes unnecessary, undesirable,
impractical or impossible to utilize funds for
such purposes, the Foundation shall have the
right to utilize the Fund for such other charitable
purposes as the Board of Directors of the Foundation
deems appropriate, in accordance with the governing
instruments of the Foundation, as amended from
time to time.
* * * *
Please call for the Taxpayer Identification
Number for the Oak Park-River Forest Community
Foundation to include in your bequest.
Click here for more information on Ways to
Donate.
