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Specific Bequest
"I give to the Ann Arbor Area Community Foundation, a Michigan nonprofit corporation, $_____ to be used for the Foundation's charitable purposes [or to be used for …] [or to be added to the _____Fund] [or to establish the _____Fund for the following purposes …]."
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Percentage Bequest
"I give to the Ann Arbor Area Community Foundation, a Michigan nonprofit corporation, ____% of my residuary estate to be used for the Foundation's charitable purposes [or to be used for …] [or to be added to the _____Fund] [or to establish the _____Fund for the following purposes …]."
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Residuary Bequest
"I give to the Ann Arbor Area Community Foundation, a Michigan nonprofit corporation, the remainder of my estate, both real and personal, to be used for the Foundation's charitable purposes [or to be used for …] [or to be added to the _____Fund] [or to establish the _____Fund for the following purposes …]."
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Contingent Bequest
"If the above-named benficary(ies) predecease(s) me, then I give such amounts of property absolutely to the Ann Arbor Area Community Foundation."
If your client's gift meets the minimum contribution required, he/she may create a separately identifiable fund by name and purpose by adding language from one of the four options below:
Named Fund/Unrestricted Purpose
This devise will be used to establish a fund at the Ann Arbor Area Community Foundation known as the ______________Fund. I direct that the annual distributions from the Fund be used exclusively for the charitable purposes of the Community Foundation as set forth in the Articles and Bylaws as determined from time to time by the Board of Trustees.
Field of Interest Fund
This devise will be used to establish a field of interest fund at the Ann Arbor Area Community Foundation to be known as the _______________Fund. I direct that the annual distributions from the Fund be used for __________________ (specify charitable purpose - for example, "the care of the homeless", "the arts", "conservation and recycling programs in the Ypsilanti area")
Designated (Agency Endowment) Fund
This devise will be sued to establish a designated fund at the Ann Arbor Area Community Foundation to be known as the ____________________Fund. I direct that the annual distributions from the Fund be used to support _______________________(insert name of particular charitable agency to be supported, e.g. "The Ann Arbor Hands-On Museum" or "Dexter School District").
Donor Advised Fund
This devise shall be used to establish a donor advised fund at the Ann Arbor Area Community Foundation to be known as the ______________________Fund. I direct that an Advisory Committee consisting of ______________, _______________, and ______________ may make written recommendations from time to time to the Board of Trustees concerning grants from the Fund, provided the proposed grant is in furtherance of the general charitable purposes of the Community Foundation. I recognize that these recommendations may be accepted or rejected, in whole or in part, by the Board of Trustees in its sole discretion.
