When a donor makes a gift during their lifetime to Triangle Community Foundation, they sign a gift agreement that provides the terms of the fund and how it shall be used.
When the gift that creates the fund is made through the donor’s estate, we suggest that the will, revocable trust or beneficiary designation include language making the gift to Triangle Community Foundation, and that the terms of the fund be spelled out in a separate fund agreement. We can either work with you and your client to draft that fund agreement, or we can provide you with the basic language if your client prefers to retain their anonymity.
A donor has many options when it comes to creating a fund. We welcome the opportunity to discuss these options with you or your client, and to send you draft gift agreement language geared to the chosen option.
You may use the following suggested language to create the bequest through a will or trust:
When a donor makes a gift during their lifetime to Triangle Community Foundation, they sign a gift agreement that provides the terms of the fund and how it shall be used. 