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We have provided charitable bequest language in two sections:
- The type of bequest (e.g., a fixed amount,
specific property, a percentage, residue)
- The purpose of the bequest (the organization or
field of interest that will be supported)
Part 1: Type of Bequest
A fixed amount:
I bequeath to The Jewish Community Foundation, 300 Grand
Avenue, Oakland, California, the sum of ___________________
dollars, ($__________ )...
Specified property:
I bequeath to The Jewish Community Foundation, 300 Grand
Avenue, Oakland, California, ___________________ (describe
specified property)...
A percentage of adjusted gross estate (percentage):
I bequeath to The Jewish Community Foundation, 300 Grand Avenue,
Oakland, California, ______% of my adjusted gross estate as
finally determined for federal estate tax purposes...
A percentage of the adjusted gross estate (sum or percentage):
I bequeath to The Jewish Community Foundation, 300 Grand Avenue,
Oakland, California, the sum of ___________________________
dollars ($_________) or ______% of my adjusted gross estate
as finally determined for federal estate tax purposes, whichever
is the (greater or lesser)...
The entire estate or the residue (amount left in estate
after other beneficiaries):
I bequeath the residue of the property owned by me at death,
real and personal and wherever situate, to The Jewish Community
Foundation, 300 Grand Avenue, Oakland, California...
A percentage of the residue:
I bequeath ______ % of the residue of the property owned by
me at my death, real and personal and wherever situate, to
The Jewish Community Foundation, 300 Grand Avenue, Oakland,
California...
Part 2: Purpose of the Bequest
As an unrestricted bequest:
...as a gift to the Permanent Community Endowment, the unrestricted
funds of the Foundation.
To establish a PACE (Perpetual Annual Campaign Endowment):
...to establish a Permanent Annual Campaign Endowment entitled
the "___________ PACE Fund" to be held in accordance
with the provisions of the California state law governing
management of institutional funds, with annual distributions
from this Fund supporting the Annual Campaign of the Jewish
Community Federation of the Greater East Bay, Oakland, California.
For a specific purpose:
...to establish an endowment fund entitled "the ____________________
Endowment Fund" for the purpose of ______________________________
(e.g., Jewish education, the Jewish Community Center, etc.),
to be held in accordance with the provisions of the California
state law governing management of institutional funds.
This material is informational only, and should not be
construed as legal or tax advice.
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