Will and Estate Planning


The Community Foundation of Southern Indiana can make creating your charitable legacy simple, easy and flexible. With the language suggested below, you can establish a charitable bequest fund at the Community Foundation that will provide support for your favorite causes forever. We provide the personalized services to you that help make this kind of charitable giving easy, flexible and meaningful.

You can make a bequest to the Community Foundation through a Will or living trust to establish a new endowment or add to an existing endowment fund (any new fund must meet the minimum size requirement for an endowment). Your gift can be for a specific amount, for a percentage of your estate, or for the remainder of your estate after all expenses have been paid and all other bequests honored. We can even work with you to create a fund that will endow your favorite charitable causes, and make immediate distributions to others. One fund truly can “do it all” for your charitable objectives.

When you establish a bequest fund, we’ll work personally with you to capture your charitable vision in a written Fund Agreement, which is kept on file at the Foundation. You won’t have to revise legal documents if your wishes for the use of your future fund changes over time. We are happy to make revisions to the fund agreement during your lifetime. We’ll keep the most recent written instructions on file for that future day when the fund receives assets from your estate.

To help you create the gift for your future fund, please refer to the suggested language below. Each of these examples anticipates that you have or will establish a fund agreement with the Foundation to receive the gift from your estate or beneficiary designation. Without a fund agreement or other instructions, bequest and beneficiary designation gifts received by the Foundation will be added to the Community Endowment Fund. The Community Endowment Fund is used at the discretion of our Board of Directors to address the most pressing needs of the Clark and Floyd County communities.


Beneficiary: The Community Foundation of Southern Indiana, Inc. (Tax ID # 35-1827813) for the ________________________ Fund.
I give and bequeath _________________________________ [describe gift] to The Community Foundation of Southern Indiana, of New Albany, Indiana to be held as a component fund known as the “____________________ Fund.” This fund was separately created for the charitable purposes agreed to by me and The Community Foundation of Southern Indiana.
At the termination of the trust, Trustee will distribute the remaining trust assets to The Community Foundation of Southern Indiana, Inc. to be held as a component fund known as the “__________________ Fund.” This fund was separately created for the charitable purposes agreed to by me and The Community Foundation of Southern Indiana.
Distribution to Charity. Upon the death of the survivor Recipient, the Trustee shall distribute all of the then principal and income of the Trust (other than any amount due either of the Recipients or their estates, under the provisions above) to THE COMMUNITY FOUNDATION OF SOUTHERN INDIANA (hereinafter referred to as the “Charitable Organization”) to be held as a component fund in accordance with the terms of the agreement with the Foundation for the “_______________ Fund.” If the Charitable Organization is not an organization described in sections 170(b)(1)(A), 170(c), 2055(a), and 2522(a) of the Code at the time when any principal or income of the Trust is to be distributed to it, then the Trustee shall distribute such principal or income to such one or more organizations described in sections 170(b)(1)(A), 170(c), 2055(a), and 2522(a) as the Trustee shall select in its sole discretion.

For information about these or any other charitable contributions, please contact Linda Speed at (812) 948-4662 or lspeed@cfsouthernindiana.com.