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You have free access to
the Community Foundation’s professional staff who will be happy to
work with you and your advisors to decide how best to accomplish your
charitable goals.
We have made it
easy to establish your own charitable legacy.
A family, individual, nonprofit agency or corporation may
initially establish a named fund with $1,000 in cash , securities or other property. The Fund must be built up to $5,000 within a five-year period
before grants can be awarded.
The Community
Foundation can prepare draft endowment agreements, charitable gift
annuity projections and other reports. For those individuals
considering a bequest as the means for creating an endowed fund, below
is sample wording recommended for your attorney.
Sample Wording For Gifts By Bequest
I give and bequeath the sum of $ _____ [or] the following
described property (description of assets given) to the
Chillicothe-Ross Community Foundation, Inc.; with the request, as
consistent with the Articles of Organization of the Chillicothe-Ross
Community Foundation, Inc., that the funds thus transferred be used to
establish a permanent fund, to be known as (Name of Fund).
Grants for charitable purposes shall be made from annual available
proceeds, in keeping with the spending policy, subject to the schedule
of fees adopted by the Foundation for investing and administering the
Fund.”
To Establish an Agency or Designated Fund
I give and bequeath the sum of $ _____ [or] the following
described property (description of assets given) to the
Chillicothe-Ross Community Foundation, Inc.; with the request, as
consistent with the Articles of Organization of the Chillicothe-Ross
Community Foundation, Inc., that the funds thus transferred be used to
establish a permanent fund, to be known as the (Name of Fund).
Grants for charitable purposes shall be made to the following
nonprofit organization(s) in the Chillicothe and Ross County, Ohio
area: [list name(s) of beneficiary organization(s), annual
percentage to each if more than one]. Such grants shall be made
from annual available proceeds, in keeping with the spending policy,
subject to the schedule of fees adopted by the Foundation for
investing and administering the Fund.”
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Chillicothe-Ross Community Foundation
45 E Main Street
Chillicothe, OH 45601
Scott Graham
740-774-GIFT (4438) |
