A Gift Through Your Will
You can make a gift through your will by naming the Goodview Community Foundation as a beneficiary. You decide if it is a specific, a percentage, residual, or contingent amount. When you make a gift through your will, it has no immediate impact on your financial position, and you can change or modify it at any time. In addition, gifts to charity made through your will reduce the size of your estate. If you have a taxable estate, the charitable contribution may offset or eliminate estate taxes leaving more for your heirs.
The specific language you must use ensures your intent is honored. The Goodview Community Foundation is an affiliate of the Winona Community Foundation. Therefore, the beneficiary should read, “Goodview Community Foundation, an affiliate of the Winona Community Foundation.” It is of further benefit to include the EIN of the Winona Community Foundation, 36-3500853.
Please let us know when you choose to make a gift to the Goodview Community Foundation through your will. We would like to thank you and recognize you for this wonderful gift.
Specific Bequest
You make a gift of a specific dollar amount or asset, such as real estate or a vehicle naming the Goodview Community Foundation, an affiliate of the Winona Community Foundation, as a beneficiary. {Sample Language}
Residual Bequest
Once all your specific bequests have been fulfilled, you may give all or a percent of the remainder of your estate to the Goodview Community Foundation, an affiliate of the Winona Community Foundation. {Sample Language}
Percentage Bequest
You gift a percentage of your estate that is controlled by your will. For example, I give 10% of my estate to the Goodview Community Foundation, an affiliate of the Winona Community Foundation. {Sample Language}
Contingent Bequest
When you write your will, you can name primary and contingent beneficiaries. In this situation if the primary beneficiary is no longer living or declines the asset, the contingent beneficiary receives the asset. {Sample Language}
Sample Language of Requests
Gift of a Residual of Estate
I give, devise, and bequeath to the Goodview Community Foundation, an affiliate of the Winona Community Foundation, a nonprofit organization located at 111 Riverfront Suite 2E, Winona, MN, 55987, Federal Tax ID #36-3500853, ALL or ____ PERCENT (_____%) of the rest, residue, and remainder of my estate for the Winona Community Foundation’s general use and purposes.
Gift of a Percent of Estate
I give, devise, and bequeath _______ percent (____%) to the Goodview Community Foundation, an affiliate of the Winona Community Foundation, a nonprofit organization located at 111 Riverfront Suite 2E, Winona, MN, 55987, Federal Tax ID #36-3500853, for the Winona Community Foundation’s general use and purposes.
Gift of Specific Real Estate
I give, devise, and bequeath all of the right, title, and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to the Goodview Community Foundation, an affiliate of the Winona Community Foundation, a nonprofit organization located at 111 Riverfront Suite 2E, Winona, MN, 55987, Federal Tax ID #36-3500853, for the Winona Community Foundation’s general use and purposes.
Gift of Specific Personal Property
I give, devise, and bequeath DESCRIPTION OF PROPERTY to the Goodview Community Foundation, an affiliate of the Winona Community Foundation, a nonprofit organization located at 111 Riverfront Suite 2E, Winona, MN, 55987, Federal Tax ID #36-3500853, for the Winona Community Foundation’s general use and purposes.
Gift as a Contingent Beneficiary
If (primary beneficiary) does not survive me, then I hereby give, devise, and bequeath to the Goodview Community Foundation, an affiliate of the Winona Community Foundation, a nonprofit organization located at 111 Riverfront Suite 2E, Winona, MN, 55987, Federal Tax ID #36-3500853, DESCRIPTION OF ASSET for the Winona Community Foundation’s general use and purposes.
Restricted Bequest
In each bequest scenario, you may also choose to direct your gift to a specific fund or purpose. Simply direct your attorney to state the name of the fund or purpose in your bequest language. If you have questions, please contact us and we will be glad to help.
{Sample Language}
Gift a Specific Dollar Amount:
I give, devise, and bequeath $_______ to the Goodview Community Foundation, an affiliate of the Winona Community Foundation, a nonprofit organization located at 111 Riverfront Suite 2E, Winona, MN, 55987, Federal Tax ID #36-3500853, for the Winona Community Foundation’s general use and purposes.