Planned Giving

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Sample Bequest Language

Sample bequest language for The Oregon Jewish Community Foundation located in Portland, Oregon:


Unrestricted Gift: A gift that can be used where need is greatest
I give to The Oregon Jewish Community Foundation, a non-profit 501(c)(3) Corporation, currently headquartered in Portland, Oregon the sum of $_______ for its general purposes.*


Gift for a Specific Purpose: A gift that is to be used for a specific purpose
I give to The Oregon Jewish Community Foundation, a non-profit 501(c)(3) Corporation, currently headquartered in Portland, Oregon the sum of $_______ to be used for [state purpose]. *


Perpetual Endowment Fund: A gift that lasts in perpetuity
I give to The Oregon Jewish Community Foundation, a non-profit 501(c)(3) Corporation, currently headquartered in Portland, Oregon the sum of $_______, to be used as a permanent endowment, the income only from which shall be used for its general purposes (or describe specific purpose, if desired). *


Residuary Bequest: Leaves any remainder after all other bequests have been paid
All the rest, residue, and remainder of my estate, both real and personal, I give to The Oregon Jewish Community Foundation, a non-profit 501(c)(3) Corporation, currently headquartered in Portland, Oregon for its general purposes.


Contingency Gift: Takes effect only if a primary intention can't be met
If (name of beneficiary) does not survive me, or shall die during the administration of my estate, or as a result of a common disaster, then I give to The Oregon Jewish Community Foundation, a non-profit 501(c)(3) Corporation, currently headquartered in Portland, Oregon all of the rest, residue, and remainder of my estate, to be used for its benefit.


*


Rather than leaving a specific sum, you can include language that refers to a percentage of your estate or a description of the property you wish to give.

If the bequest is for a restricted purpose or to establish a named endowed fund we recommended that the following paragraph be added:

"If, in the opinion of the Board of Directors of the Oregon Jewish Community Foundation, it should become impossible, inadvisable or impractical to use this gift for the specified purpose(s), then the Board may in its discretion use the gift for other purposes, keeping in mind the original wishes of the donor. In any such alternative application, the support provided by this bequest shall be clearly identified with the name of [donor's name]."

The information on this Web site does not constitute legal, financial, tax or estate planning advice and should not be relied upon as a substitute for such advice. The Oregon Jewish Community Foundation encourages you to seek the counsel of your own professional advisors.

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Oregon Jewish Community Foundation

1618 SW First Avenue, Suite 210|Portland, OR 97201|503.248.9328