Planned Giving

Estate and gift planning through the Boston Foundation is an excellent way to establish your charitable legacy. We offer many avenues to incorporate charitable giving into your estate planning, and we can help you decide which type of gift is right for you.

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Suggested Language for Wills and Trusts

The suggested language below is provided to assist donors and their attorneys in making gifts to establish new funds at the Boston Foundation by will or trust agreement.

Permanent Fund for Boston (endowed, unrestricted as to use)

"I give and devise the sum of $ ___________________________________ /the following described property _________________________________________________ (description of assets given) to Boston Foundation, Inc., 75 Arlington St., 3rd Floor, Boston, MA 02116, Federal Tax ID # 04-2104021, with the request, as consistent with the Articles of Organization and Bylaws of Boston Foundation, Inc. as amended from time to time, that the funds thus transferred be used to enhance the quality of life for all the citizens for Greater Boston as part of the Boston Foundation's permanently endowed Permanent Fund for Boston. The "income" for this purpose shall be calculated by the Foundation's spending policy, notwithstanding the fund's historic gift value.

Field of Interest Fund (within the Permanent Fund for Boston)

"I give and devise the sum of $ ___________________________________ /the following described property _________________________________________________ (description of assets given) to Boston Foundation, Inc., with the request, as consistent with the Articles of Organization and Bylaws of Boston Foundation, Inc., 75 Arlington St., 3rd Floor, Boston, MA 02116, Federal Tax ID # 04-2104021, as amended from time to time, that the funds thus transferred be used to establish a permanently endowed fund, to be known as the ______________________________________________________ (insert name of fund). The "income" from this fund will be used to make grants to nonprofit organizations engaged in the following charitable and educational activities in the Greater Boston area: ______________________________________ (for example, sheltering the homeless, aiding the elderly, supporting the arts). Income for this purpose shall be calculated by the Foundation's spending policy, notwithstanding the fund's historic gift value.

Endowed Donor Advised Fund

"I give and devise the sum of $ __________________________________ /the following described property _________________________________________________ (description of assets given) to Boston Foundation, Inc., 75 Arlington St., 3rd Floor, Boston, MA 02116, Federal Tax ID # 04-2104021, with the request, as consistent with the Articles of Organization and Bylaws of Boston Foundation, Inc., as amended from time to time, that the funds thus transferred be used to establish a Donor Advised Fund, to be known as __________________________________________________________________ (insert name of fund). The "income" from this fund will be used for grant making to qualified charitable organizations. The income for this purpose shall be calculated by the Foundation's spending policy, notwithstanding the fund's historic gift value. The following individuals(s) may make grant recommendations: ______________________________________________________________________________________________."

(individual(s) to be named by the donor).

Designated Fund

"I give and devise the sum of $ __________________________________ /the following described property _________________________________________________ (description of assets given) to Boston Foundation, Inc., 75 Arlington St., 3rd Floor, Boston, MA 02116, Federal Tax ID # 04-2104021; with the request, as consistent with the Articles of Organization and Bylaws of Boston Foundation, Inc., as amended from time to time, that the funds thus transferred be used to establish an endowment fund to be known as ________________________________________________ (insert name of fund). The "income" from this fund will be used to make grants to the following nonprofit charitable and educational organization(s): ________________________________________________ (indicate percentage to each organization if more than one). The income for this purpose shall be calculated by the Foundation's spending policy, notwithstanding the fund's historic gift value.

Questions

Please contact us if you have any questions about how to make a bequest to the Boston Foundation or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.

Already in Your Plan?

If you have included a bequest for the Boston Foundation in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.

We advise you to seek your own legal, tax and financial advice in connection with gift and planning matters. The Boston Foundation and its staff do not provide legal, tax or financial advice.

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