“I give to the Community Foundation of Johnson County, Iowa, a nonprofit corporation located in Iowa City, IA, an amount equal to ______ percent of the total value of the assets in my estate (or the residue of my estate), whatever the amount shall be at the time of my death. This gift is for discretionary purposes to meet the highest priority needs of the community as those arise/is to be added to the [name the existing endowment of the Foundation here].”
Or
“I give to the Community Foundation of Johnson County, a nonprofit corporation located in Iowa City, IA, all my right title and interest in the following described property: [list property here]. This gift is for discretionary purposes to meet the highest priority needs of the community as those arise/is to be added to the [name the existing endowment of the Community Foundation here].
You may establish an endowment for a specific purpose through your estate by stating, “This gift is to be added to the _____________________________ Fund and used in accordance with the written agreement entered into by me and the Community Foundation of Johnson County during my lifetime.” In this case, we work with you to establish the fund particulars in a separate document that may be amended at any time before the bequest is received. This avoids the necessity of amending estate documents if a donor wishes to change the purpose of the fund over time.
