431 East Fayette Street Suite 100 Syracuse, NY 13202 Tel: 315.422.9538

Planned gifts provide excellent options for you to create a benefit for the community with little or no impact on your current standard of living. 

Bequests:  Incorporating charity into your estate plan can be accomplished with a simple addition to your will document. Community Foundation staff welcome the opportunity to meet with you before or after you update your will to outline more specific information about you and your wishes. Keeping the will more general, and documenting the specifics in a less formal document allows for change during your lifetime that doesn’t require an addendum to your will. The recommended words for the most common ways are described below.

Type of Bequest

Recommended Will Language

The general bequest allows for the most flexible support of the many changing needs of our community over time.

I give, devise, and bequeath to the Central New York Community Foundation (EIN 15-0626910), Syracuse, New York, a New York non-profit corporation, [%, $ or other] to be held, administered and used by the Board of Directors for the establishment of the [Name of Fund]. The Central New York Community Foundation may use these funds for its general purposes.

The preferred approach for restricted bequests is to receive direction from you in a separate letter.  This allows us to get more detailed information about you and your charitable goals in a format that can be changed easily during your lifetime.

I give, devise, and bequeath to the Central New York Community Foundation (EIN 15-0626910), Syracuse, New York, a New York non-profit corporation, [%, $ or other] to be held, administered and used by the Board of Directors for the establishment of the [Name of Fund]. The Central New York Community Foundation Board of Directors should disburse these funds in a manner consistent with the instructions provided to the Central New York Community Foundation.

A field of interest bequest allows you to specify the broad category the fund will support, but directs the Community Foundation to specify the appropriate charity for receiving the spendable amount each year.

I give, devise, and bequeath to the Central New York Community Foundation (EIN 15-0626910), Syracuse, New York, a New York non-profit corporation, [%, $ or other] to be held, administered and used by the Board of Directors for the establishment of the [Name of Fund]. The Central New York Community Foundation Board of Directors should disburse these funds for the following purpose(s): [state purpose(s)]. It is my desire that this fund be of indefinite duration, but I recognize that the Community Foundation may, if it becomes difficult or impractical to administer the fund or to carry out the above-stated purposes, exercise its variance power to redirect the funds.

A designated charity bequest allows you to specify the charity or charities of your choice to receive an annual award. 

I give, devise, and bequeath to the Central New York Community Foundation (EIN 15-0626910), Syracuse, New York, a New York non-profit corporation, [%, $ or other] to be held, administered and used by the Board of Directors for the establishment of the [Name of Fund]. The Central New York Community Foundation Board of Directors should disburse these funds for [state charity(ies)]. In the event the above-specified organization (or any subsequently selected) shall cease to exist or shall no longer exist as a qualified charitable organization, I recognize that the Community Foundation will exercise its variance power to redirect the funds.


Beneficiary Designations
:  Typically beneficiary designations only allow for the name, address and EIN number of the beneficiary organization to be listed.  Therefore, it is imperative that you contact us to discuss your  wishes for the use of the gift.  Beneficiary forms should be completed with the following information: “Central New York Community Foundation, Inc., EIN 15-0626910, 431 E. Fayette Street, Suite 100, Syracuse, NY 13202”

 

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