Advisors

PROFESSIONAL ADVISORS

PARTNERS IN PHILANTHROPY

Whether you are an accountant, lawyer, financial planner or other type of professional advisor, from time to time you will have clients who want to find ways to give back to their community.

e-Resources

This toolkit provides information and tools to help you in your work with clients, and learn more about community foundations.

It will help you incorporate charitable gift planning into your practice by, among other things:

	suggesting how to raise the subject of charitable giving with your clients;
	providing a summary of the benefits of various types of charitable gifts;
	helping to match the appropriate gifting strategy to the client's life stage and situation (i.e. opportunity spotting); and
	providing case studies that illustrate gift strategies in action.

For further information or to talk to us about your client's needs, please call 250-714-0047.

SAMPLE WILL CLAUSES

Foundation Name

Nanaimo Community Foundation

Gifts for General Charitable Purposes – Unrestricted in Use

A gift for “General Charitable Purposes” provides maximum flexibility for the Foundation to support the highest priority needs identified in the community for funding each year.

Gifts designated by your client in this manner will be directed to the Foundation’s Unrestricted Fund.

(a) Fixed Amount:

“I give ($___________) to the Nanaimo Community Foundation, to be treated as capital and invested, and the net income paid to or used for such charitable purposes as the Board of Directors of the Nanaimo Community Foundation may from time to time determine.”

(b) Residue of Estate:

“I give [the residue] or [# ____ shares of the residue] of my estate to the Nanaimo Community Foundation, to be treated as capital and invested, and the net income paid to or used for such charitable purposes as the Board of Directors of the Nanaimo Community Foundation may from time to time determine”.

(c) Gift upon Death of Named Persons:

i. Of Residue

“Upon the death of the survivor of __________________ and me, I direct my trustee to give the residue of my estate then remaining to the Nanaimo Community Foundation, to be treated as capital and invested, and the net income paid to or used for such charitable purposes as the Board of Directors of the Foundation may from time to time determine.”

ii. Of a Fixed Sum

“Upon the death of the survivor of __________________ and me, I direct my trustee to give ($ ____________) to the Nanaimo Community Foundation, to be treated as capital and invested, and the net income paid to or used for such charitable purposes as the Board of Directors of the Foundation may from time to time determine.”

(d) Contingent Bequest:

“If _____________________ does not survive me by ninety (90) days or dies in circumstances where the order of our deaths cannot be determined, then I give to the Nanaimo Community Foundation the residue of my estate, to be treated as capital and invested, and the net income paid to or used for such charitable purposes as the Board of Directors of the Foundation may from time to time determine.”