Bequest Language and Gifts of Stock
Do you have a client who wants to make a gift or bequest to The Greater Cincinnati Foundation?
Here youll find our correct legal name, suggested bequest clauses
and information for securities transfers.
Wills and Trusts Language
I give and bequeath to The Greater Cincinnati Foundation, a not-for-profit corporation organized under the Laws of the State of Ohio and having its principal office at 200 West Fourth Street, Cincinnati, Ohio, 45202.
To make a cash bequest:
the sum of $_________ to be used by The Greater Cincinnati Foundation for its general purposes.
To give a percentage of the estate:
_______ percent of my estate to be used by The Greater Cincinnati Foundation for its general purposes.
To give a residual amount or remaining interest:
the rest, residue and remainder of my estate after all debts, expenses and taxes have been paid and all the general and specific bequests have been made, to be used by The Greater Cincinnati Foundation for its general purposes.
To give a tangible asset or property:
_______ shares of common stock of __________ (or insert here a description of other property) owned by me at my death as these shares shall exist at the date of my death, to be used by The Greater Cincinnati Foundation for its general purposes.
Please call Melissa Krabbe at 513-768-6143 or email@example.com if you have any additional questions.
Gifts of Stock
If you hold physical certificates:
They need to be personally delivered to The Greater Cincinnati Foundation.
If the stock was issued in the name of the donor, the donor needs to sign a stock power for each certificate delivered. (It should be signed exactly as the stock is issued.) If the stock will be mailed, the certificate(s) should be mailed in an envelope separate from the stock powers. Do NOT sign the back of a physical certificate.
Stock may be issued in the name of The Greater Cincinnati Foundation and delivered to GCF, 200 West Fourth Street, Cincinnati, OH 45202.
If the stock is held at a brokerage firm:
The Greater Cincinnati Foundation maintains an account at Charles Schwab for the purpose of facilitating stock gifts.
Delivery instructions for Stock Donations
Reference: 3852-3821: GCF Donation
For Further Reference: the donor's name
For all stock gifts
For all stock gifts, please notify Melissa Krabbe at 513-768-6143 or by email at firstname.lastname@example.org that you initiated the stock gift. This notice will ensure the gift reaches the appropriate fund at GCF. The date that the control of the stock is transferred is key to determining the tax deduction for the gift.
Reminder: it is the policy of The Greater Cincinnati Foundation to sell all gifts of stock and add the net proceeds to the donor-designated fund.