Making a bequest in a will or revocable living trust to the Arlington Community Foundation is a simple way to donate and it can also help to reduce inheritance taxes. Some highly taxable assets, such as retirement plans, often make sense to donate to charity while leaving other assets to loved ones. Any percentage, part or component of estate or trust assets can be left to the Arlington Community Foundation and we are very grateful for each and every gift, small or large.
Sample bequest language to include in your will or trust is:
I hereby give and bequeath to the Arlington Community Foundation, a qualified charitable organization, or its successor organization, also a qualified charitable organization, 4601 N Fairfax Drive, Suite 1050, Arlington, VA 22203, Federal Tax ID# 54-1602838, a bequest of______________________________ _____________________________________________________ (describe a percentage of your estate, a fixed amount of money or designated real or personal property, or the residue of your estate).
If you are considering making a bequest gift to the Arlington Community Foundation, we invite you to call us to discuss the process at (703) 243-4785. You should also speak with your estate attorney.
Designating the Arlington Community Foundation or a Specific ACF Fund as Beneficiary of a Bank Account, Brokerage Account, Savings Bond, CD, Retirement Plan, Trust or Life Insurance Policy
Designating the Arlington Community Foundation, or a specific fund, as a beneficiary of a bank account, brokerage account, savings bond, certificate of deposit, retirement plan, trust or life insurance policy is another simple way to support the Foundation long into the future and help to reduce inheritance taxes. Any percentage, part or component of these assets can be left to the Arlington Community Foundation.
If you have any questions related to bequests, legacy giving, or charitable giving in general, we’d love to hear from you. Contact Christy Cole, Director of Philanthropy, at email@example.com or 703-243-4785×206.