Charitable Bequests

ou can ensure that your commitment to the community continues with a bequest to the Rochester Area Foundation through your will or trust.

Bequests are the most frequent type of planned gift made to charity. Your estate receives a charitable deduction for the full amount given, so your heirs pay no estate tax on the amount you give to charity.

You may direct your bequest to the Rochester Area Foundation, which will benefit our work in the community, or to our Endowments for Community Excellence which are our endowments for local programs.

Or you may choose to use the bequest to set up named funds, such as donor-advised, designated (for a specific nonprofit), or field-of-interest funds (for a cause you care about). If you have an existing fund at the Rochester Area Foundation, the bequest may be directed to the existing fund.

Should you wish to create a new fund through the bequest, you should also contact staff at Rochester Area Foundation as there is additional information required by us to set up one of these funds that could affect the language used in your will or trust.

When you include a bequest provision in your estate plan, Rochester Area Foundation will invite you to join our Community Heritage Society which honors those who make lasting gifts to the community.

If you are interested in making a bequest, sample language for different scenarios is provided below.

Sample Language for a Charitable Bequest

The following four types of bequests direct your gift to the Rochester Area Foundation. You may restrict the bequest using additional language.

Percentage: 
"I give, devise and bequeath _____% to the Rochester Area Foundation, a nonprofit corporation of the State of Minnesota, located at 400 South Broadway, Suite 300, Rochester, MN."

Specific: 
"I give, devise and bequeath to the Rochester Area Foundation, a nonprofit corporation of the State of Minnesota, located at 400 South Broadway, Suite 300, Rochester, MN 55904,

(Choose one)
1) The sum of $_____________." 
2) ____________ shares of stock in _______________________ Company.", or 
3) my real property commonly known as _______________________________."

Residual: 
"I give, devise and bequeath to the Rochester Area Foundation, a nonprofit corporation of the State of Minnesota, located at 400 South Broadway, Suite 300, Rochester, MN 55904, all the residue of my estate, including real personal property."

Contingent: 
"In the event of the death of any of the beneficiaries, I give, devise and bequeath to the Rochester Area Foundation, a nonprofit corporation of the State of Minnesota, located at 400 South Broadway, Suite 300, Rochester, MN 55904 , (percentage, specific, or residual language as above)."

Creating a Fund by Bequest 

You may also use the bequest to set up a named fund, using language outlined below. If you have an existing fund at the Rochester Area Foundation, place the fund's name in the examples below.

If your bequest would create a new fund, we recommend that you contact staff at Rochester Area Foundation as there is additional information required by us to set up one of these funds that could affect the language you use in your will or trust.

Donor-advised fund: "to establish the (choose name) donor-advised fund."

Field-of-interest fund: "to establish the (choose name) field-of-interest fund for (describe field- of-interest as programmatic, geographic or combination of both)."

Designated funds: "to establish the (choose name) fund to benefit (name of specific organization)."