Gifts in wills and trusts, called bequests, can provide vital support to the Cambridge Community Foundation. A gift in your will or trust supports Cambridge through the Foundation’s civic leadership and grantmaking.
Why make a bequest?
Advantages to making a gift to the Cambridge Community Foundation in your will or trust:
Easy to arrange. A simple sentence inserted in your will or trust by your attorney is all that’s needed. For example: I give (the sum of $ or percentage of my estate) to The Cambridge Community Foundation of Cambridge, Massachusetts, a not-for-profit, 501(c)(3) tax exempt corporation, federal tax ID number 04-6012492.
Retain use of your assets. A bequest allows you to make a gift to be received in the future, while preserving the assets for you should you need them.
Flexible. A gift in your will or trust can be changed if life circumstances change.
Explore options
There are several ways you can include a gift to the Foundation in your will or trust:
Specific bequest. The Cambridge Community Foundation receives a specific dollar amount or a specific asset, such as a piece of real estate or a stock or bond.
Residuary bequest. The Foundation receives the remainder of your estate, after all taxes, specific bequests, and administrative costs have been distributed.
Contingent bequest. The Foundation receives a gift from your estate only under certain circumstances (i.e. in the event my spouse does not survive me).
Amendment to an existing will. If you already have a will or trust, your attorney can draft a simple amendment to include a gift to the Foundation.
Unrestricted Bequest. I give (the sum of $ or percentage of my estate) to The Cambridge Community Foundation of Cambridge, Massachusetts, a not-for-profit, 501(c)(3) tax exempt corporation, federal tax ID number 04-6012492.
