Suggested Language For Bequests 
And Forms For Creating Personal Philanthropic Funds 
In The Chillicothe-Ross Community Foundation

To Create an Unrestricted Fund
I give, devise and bequeath to the Chillicothe-Ross Community Foundation ("Foundation") the sum of $_________________ (or the property described herein or the remainder of the property that I own at the time of my death), for the purpose of establishing an Unrestricted Charitable Fund ("Fund"). The Fund shall be administered by the Foundation in perpetuity for charitable, educational, religious and scientific purposes of benefit to the area served by the Foundation.

To Create a Field-of-Interest Fund
I give, devise and bequeath to the Chillicothe-Ross Community Foundation ("Foundation") the sum of $_________________ (or the property described herein or the remainder of the property that I own at the time of my death), creating a Field-of-Interest Fund ("Fund") established for the purpose of [description of charitable purpose] ("Charitable Purpose").

To Create a Donor-Advised Fund
I give, devise and bequeath to the Chillicothe-Ross Community Foundation ("Foundation") the sum of $_________________ (or the property described herein or the remainder of the property that I own at the time of my death), for the purpose of establishing a Donor-Advised Fund ("Fund"). The Advisor(s) to this Fund shall be __________________________________ whose address is
______________________________________________________________________________.

It is understood that this Fund will be administered by the Foundation for charitable purposes in accordance with the "Policies Governing Donor-Advised Funds," a copy of which has been provided to the undersigned and which is incorporated by reference into this document.

To Create a Designated Fund
I give, devise and bequeath to the Chillicothe-Ross Community Foundation ("Foundation") the sum of $_________________ (or the property described herein or the remainder of the property that I own at the time of my death), for the purpose of establishing a Designated Fund ("Fund"). The Fund shall be administered by the Foundation in perpetuity for the benefit of [name of designated charity or charities] ("Charitable Designee(s)"). [If more than one designee: Each Charitable Designee shall receive an equal proportion of the annual distribution (or, shall receive the following percentage of annual distribution: list each designee and percentage.)]

In the event of the dissolution of a Charitable Designee, the Foundation shall thereafter continue to hold the funds constituting the Fund (or the portion of the Fund attributable to that Charitable Designee) and shall distribute the net income and/or principal there from to such organizations as in the opinion of the Foundation's Board of Directors most nearly meet the purposes and objectives of the Charitable Designee.

Form Language To Be Used For All Bequests

The Fund hereby created [is established in (honor or memory) of _________________________ and] shall be known as the _________________________ Fund. Gifts may be added to the Fund at any time. The Board of Directors of the Foundation shall have full authority and discretion as to the investment and reinvestment of the assets of the Fund. A percentage of the Fund, as set forth in the Foundation's written spending policy, shall be available, not less frequently than annually, for charitable purposes subject to the policies and schedule of fees adopted by the Foundation for investing and administering the Fund. The percentage shall be distributed first from Fund net income and then, if necessary, from Fund principal. However, no distributions shall be made if, and as long as, the Fund value falls below the Fund's "historic dollar value."
 
It is understood and agreed that the Fund and all funds therein shall be administered by the
Foundation subject to its Charter and Bylaws, including the power contained therein for the Board of Directors of the Foundation to modify any restrictions or conditions if in their sole judgment (without the approval of any trustee, custodian, or agent) such restriction becomes, in effect, unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the area served by the Foundation. It is further understood and agreed that, in the event there are liabilities associated with assets given to this Fund, such liabilities become liabilities of this Fund only and not of the Foundation or of any other component Fund.

It is intended that the Fund shall be a component part of the Foundation and that nothing in this document shall affect the status of the Foundation as an entity that is a qualified charitable organization. This document shall be interpreted in a manner consistent with the foregoing intention and so as to conform with the requirements of the Internal Revenue Code and any regulations issued pursuant thereto applicable to the intended status of the Foundation.


Form Creating An Unrestricted Fund

_____________________________________________("Donor(s)") hereby transfer(s) as an irrevocable gift to the Chillicothe-Ross Community Foundation ("Foundation") the sum of $___________________, [or the property described in Exhibit A attached hereto and incorporated as part of this Document,] for the purpose of establishing an Unrestricted Fund ("Fund"). The Fund shall be administered by the Foundation for charitable, educational, religious, and scientific purposes of benefit to the area served by the Foundation.

The Fund hereby created [is established in (honor or memory) of _______________________________ and] shall be known as the ______________________________ Fund. Donor(s) or others may add gifts to the Fund at any time. This Fund shall be administered in accordance with the policies and schedule of fees adopted by the Foundation for investing and administering component Funds. The Board of Directors of the Foundation shall have full authority and discretion as to the investment and reinvestment of the assets of the Fund.

[Most funds in the Foundation are established as permanent endowments to benefit charitable purposes in perpetuity Endowments should include the following language: A percentage of the Fund, as set forth in the Foundation's written spending policy, shall be available, not less frequently than annually, for charitable distributions. The percentage shall be distributed first from Fund net income and then, if necessary, from Fund principal. However, no distributions shall be made if, and as long as, the Fund value falls below the Fund's "historic dollar value." 

It is understood and agreed that the Fund and all funds therein shall be administered by the Foundation subject to its Charter and Bylaws, including the power contained therein for the Board of Directors of the Foundation to modify any restrictions or conditions if in their sole judgment (without the approval of any trustee, custodian, or agent) such restrictions become, in effect, unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the area served by the Foundation. It is further understood and agreed that, in the event there are liabilities associated with assets given to this Fund, such liabilities become liabilities of this Fund only and not of the Foundation or of any other component Fund.

It is intended that the Fund shall be a component part of the Foundation and that nothing in this document shall affect the status of the Foundation as an entity that is a qualified charitable organization. This document shall be interpreted in a manner consistent with the foregoing intention and so as to conform with the requirements of the Internal Revenue Code and any regulations issued pursuant thereto applicable to the intended status of the Foundation.

_________________________________
Donor Signature

_________________________________
Date


Form Creating A Field-Of-Interest Fund

_____________________________________________("Donor(s)") hereby transfer(s) as an irrevocable gift to the Chillicothe-Ross Community Foundation ("Foundation") the sum of $___________________, [or the property described in Exhibit A attached hereto and incorporated as part of this Document,] for the purpose of establishing an Unrestricted Fund ("Fund"). The Fund shall be administered by the Foundation for the purpose of [description of charitable purpose] ("Charitable Purpose").

The Fund hereby created [is established in (honor or memory) of ________________________________ and] shall be known as the ______________________________ Fund. Donor(s) or others may add gifts to the Fund at any time. This Fund shall be administered in accordance with the policies and schedule of fees adopted by the Foundation for investing and administering component Funds. The Board of Directors of the Foundation shall have full authority and discretion as to the investment and reinvestment of the assets of the Fund.

[Most funds in the Foundation are established as permanent endowments to benefit charitable purposes in perpetuity. Endowments should include the following language: A percentage of the Fund, as set forth in the Foundation's written spending policy, shall be available, not less frequently than annually, for charitable distributions. The percentage shall be distributed first from Fund net income and then, if necessary, from Fund principal. However, no distributions shall be made if, and as long as, the Fund value falls below the Fund's "historic dollar value." 

It is understood and agreed that the Fund and all funds therein shall be administered by the Foundation subject to its Charter and Bylaws, including the power contained therein for the Board of Directors of the Foundation to modify any restrictions or conditions if in their sole judgment (without the approval of any trustee, custodian, or agent) such restrictions become, in effect, unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the area served by the Foundation. It is further understood and agreed that, in the event there are liabilities associated with assets given to this Fund, such liabilities become liabilities of this Fund only and not of the Foundation or of any other component Fund.

It is intended that the Fund shall be a component part of the Foundation and that nothing in this document shall affect the status of the Foundation as an entity that is a qualified charitable organization. This document shall be interpreted in a manner consistent with the foregoing intention and so as to conform with the requirements of the Internal Revenue Code and any regulations issued pursuant thereto applicable to the intended status of the Foundation.

_________________________________
Donor Signature

_________________________________
Date


Form Creating A Donor-Advised Fund

__________________________________________ ("Donor(s)") hereby transfer(s) as an irrevocable gift to the Chillicothe-Ross Community Foundation ("Foundation") the sum of $_______________, [or the property described in Exhibit A attached hereto and incorporated as part of this Document] for the purpose of establishing a Donor-Advised Fund ("Fund").

The Fund hereby created [is established in (honor or memory) of __________________________ and] shall be known as the _________________________________ Fund. The Advisor(s) to this Fund shall be
____________________________________________________ whose address is____________________________________________________________________________. 

It is understood that this Fund will be administered for charitable purposes in accordance with the "Policies Governing Donor-Advised Funds," a copy of which has been provided to the undersigned and is incorporated by reference into this agreement. Donor(s) or others may add gifts to the Fund at any time. This Fund shall be administered in accordance with the policies and schedule of fees adopted by the Foundation for investing and administering component Funds. The Board of Directors of the Foundation shall have full authority and discretion as to the investment and reinvestment of the assets of the Fund.

[Most funds in the Foundation are established as permanent endowments to benefit charitable purposes in perpetuity. Endowments should include the following language: A percentage of the Fund, as set forth in the Foundation's written spending policy, shall be available, not less frequently than annually, for charitable distributions. The percentage shall be distributed first from Fund net income and then, if necessary, from Fund principal. However, no distributions shall be made if, and as long as, the Fund value falls below the Fund's "historic dollar value." 

It is understood and agreed that the Fund and all funds therein shall be administered by the Foundation subject to its Charter and Bylaws, including the power contained therein for the Board of Directors of the Foundation to modify any restrictions or conditions if in their sole judgment (without the approval of any trustee, custodian, or agent) such restrictions become, in effect, unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the area served by the Foundation. It is further understood and agreed that, in the event there are liabilities associated with assets given to this Fund, such liabilities become liabilities of this Fund only and not of the Foundation or of any other component Fund.

It is intended that the Fund shall be a component part of the Foundation and that nothing in this document shall affect the status of the Foundation as an entity that is a qualified charitable organization. This document shall be interpreted in a manner consistent with the foregoing intention and so as to conform with the requirements of the Internal Revenue Code and any regulations issued pursuant thereto applicable to the intended status of the Foundation.

_________________________________
Donor Signature

_________________________________
Date

Form Creating A Designated Fund

___________________________________________ ("Donor(s)") hereby transfer(s) as an irrevocable gift to the Chillicothe-Ross Community Foundation ("Foundation") the sum of $________________ [or the property described in Exhibit A attached hereto and incorporated as part of this Document] for the purpose of establishing a Designated Endowment Fund ("Fund"). The Fund shall be administered by the Foundation for the benefit of [name of designated charity or charities] ("Charitable Designee(s)"). [If more than one designee: Each Charitable Designee shall receive an equal proportion of the annual distribution (or, shall receive the following percentage of annual distribution: list each designee and percentage.)]

The Fund hereby created [is established in (honor or memory) of _________________________ and] shall be known as the _______________________ Fund. Donor(s) or others may add gifts to the Fund at any time. This Fund shall be administered in accordance with the policies and schedule of fees adopted by the Foundation for investing and administering component funds. The Board of Directors of the Foundation shall have full authority and discretion as to the investment and reinvestment of the assets of the Fund.

[Most funds in the Foundation are established as permanent endowments to benefit charitable purposes in perpetuity. Endowments should include the following language: This Fund will be maintained by the Foundation as a permanent endowment. A percentage of the Fund, as set forth in the Foundation's written spending policy, shall be available, not less frequently than annually, for charitable distributions. The percentage shall be distributed first from Fund net income and then, if necessary, from Fund principal. However, no distributions shall be made if, and as long as, the Fund value falls below the Fund's "historic dollar value."]

In the event of the dissolution of a Charitable Designee, the Foundation shall thereafter continue to hold the funds constituting the Fund (or the portion of the Fund attributable to that Charitable Designee) and shall distribute the net income and/or principal therefrom to such organizations as in the opinion of the Board of Directors most nearly meet the purposes and objectives of the Charitable Designee. It is understood and agreed that the Fund and all funds therein shall be administered by the Foundation subject to its Charter and Bylaws, including the power contained therein for the Board of Directors of the Foundation to modify any restrictions or conditions if in their sole judgment (without the approval of any trustee, custodian, or agent) such restrictions become, in effect, unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the area served by the Foundation. It is further understood and agreed that, in the event there are liabilities associated with assets given to this Fund, such liabilities become liabilities of this Fund only and not of the Foundation or of any other component Fund.

It is intended that the Fund shall be a component part of the Foundation and that nothing in this document shall affect the status of the Foundation as an entity that is a qualified charitable organization. This document shall be interpreted in a manner consistent with the foregoing intention and so as to conform with the requirements of the Internal Revenue Code and any regulations issued pursuant thereto applicable to the intended status of the Foundation.

_________________________________
Donor Signature

_________________________________
Date