RESOURCES FOR ADVISORS
Any client who wishes to establish a donor-directed fund at our Community Foundation (during their lifetime or at end of life) needs to name their fund and document their intentions in writing. Our staff is available to help your client understand all their options and complete paperwork; in fact, we would prefer to meet with a prospective donor before their gift planning is completed. We would like to have a copy of this paperwork in our files.
Please note that paperwork completed and delivered to WCCF is in no way binding. Clients retain the right to revisit their estate plans and change their charitable beneficiaries. The Fund Agreement provides our Community Foundation with something on file regarding your client’s intentions for when we receive a bequest or estate gift.
Bequest Language
Planning for the future and creating the legacy you wish to leave is one of the most effective ways to ensure a lasting impact. Making a gift in your will or living trust, known as a bequest, can guarantee that your legacy endures. Your gift may be a specific dollar amount, a percentage of your estate or the remainder after all other provisions are specified.
Our federal tax ID number is: 84-1354894
Below is suggested language to use when drafting your bequest.
Gift Acceptance Policy
The Western Colorado Community Foundation accepts a wide variety of assets, including non-liquid assets such as real estate, oil/gas/mineral interests and other valuable assets. Our gift acceptance policy requires the donor to be responsible for asset valuation calculations prior to donation.
We reserve the right to conduct a due diligence process before accepting a complex asset, and retain the right to not accept an asset at any time for any reason.