The following is general sample language to be used for a Will, Codicil or Revocable Living Trust to establish a charitable fund or add to current endowment fund at the Community Foundation.

ESTABLISHING A NEW FUND

I give and bequeath to the COMMUNITY FOUNDATION OF Northeast Alabama ("the Community Foundation"), a public nonprofit charitable organization located in Anniston, Alabama (63-0308398), or its successor,
  • the sum of [STATE THE EXACT AMOUNT IN DOLLARS]. (or)
  • the [PERCENTAGE] of may estate. (or)
  • all the residue of my estate, real or personal, which I own at the time of my death or over which I have the power of disposition.
This contribution, and all additions, shall also be maintained, administered and distributed in such manner as to ensure that the Community Foundation qualifies as an exempt organization as described in Sections 501(c)(3) and 170(b) of the Internal Revenue Code or any comparable provisions of any revisions to the Internal Revenue Code.

The Board of Trustees of the Community Foundation shall administer said charitable gift, and all endowed contributions to the Fund, subject to the provisions of the applicable Alabama laws and the Foundation's Organizational Documents, Bylaws as amended from time to time, and the provisions of the Judgment and Order(s) creating the Foundation and any amendments or additions thereto at any time made. The gift shall [select one of the following]:

Unrestricted Gift

Add: be unrestricted and shall be administered by the Board of Trustees to support the emerging or unmet community needs as the Board deems appropriate.

Designated Gift

Add: establish a permanent fund at the Community Foundation which shall be known as the [NAME OF FUND] (hereinafter “the Fund’). (select one of the following)

Field or Area of Interest

Add: The net annual income and, at the discretion of the Community Foundation, part or all of any appreciation in the Fund’s principal shall be distributed for the charitable purpose of [EXPLAIN OR DEFINE AREA OF CONCERN SUCH AS EDUCATION, ARTS, HEALTH, ETC.].

Specific Nonprofit Organization

Add: The net annual income and, at the discretion of the Community Foundation, part or all of any appreciation in the Fund’s principal shall be distributed to [NAME ONE OR MORE CHARITABLE ORGANIZATIONS, THEIR ADDRESSES AND SPECIFIC PERCENTAGES FOR EACH TO RECEIVE IF MORE THAN ONE] in support of their charitable mission(s).

GIFT TO AN EXISTING FUND

I give and bequeath to the Community Foundation of Northeast Alabama ("the Community Foundation"), a public nonprofit charitable organization located in Anniston, Alabama (63-0308398), or its successor,
  • the sum of [STATE THE EXACT AMOUNT IN DOLLARS]. (or)
  • the [PERCENTAGE] of may estate. (or)
  • all the residue of my estate, real or personal, which I own at the time of my death or over which I have the power of disposition.
The Board of Trustees of the Community Foundation shall administer said charitable gift, and all endowed contributions to the Fund, subject to the provisions of the applicable Alabama laws and the Foundation's Organizational Documents, Bylaws as amended from time to time, and the provisions of the Judgment and Order(s) creating the Foundation and any amendments or additions thereto at any time made. The gift shall be added to the [NAME OF EXISTING FUND]. Disbursement from the Fund shall be in accordance with the stipulations of the originating fund agreement.