A GIFT IN YOUR WILL
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.
“Fifty years from now, I don’t know what the exact needs of Cambridge will be, or what organizations will be called upon to help, but I know the Cambridge Community Foundation will be leading the charge.”
WIN LENIHAN, the former vice president for development at WGBH and a longtime Cambridge resident, brings her experience in philanthropy to her role as a CCF board member while embracing an active next chapter in retirement. “When I sat down to update my estate plans I realized that what has been consistent in my life is my love for the Cambridge community,” she says. “This gift allows me to express it in a tangible way.” Through her legacy gift to CCF, Win will continue making an impact on Cambridge for generations to come.
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.
Learn more
Contact us to discuss other ways you can make a gift to the Foundation from your estate, or to discuss ways to further personalize the impact of your legacy, by earmarking your gift to a specific area of the Foundation’s work.
We are grateful to the donors who have established their legacies with the Foundation. See a list of these generous donors.
