Skip to content

Office Closure: The Community Foundation will be closed on Monday, October 10, 2022, in recognition of Indigenous Peoples’ Day.

How To Guide My Client

If an individual would like to create a charitable fund within the Foundation yet believes that such generosity must be tempered by current financial responsibilities to loved ones, he or she may wish to consider a charitable bequest. The fund will be established upon receipt of the donor’s bequest and in accordance with the donor’s direction.  Bequests also may be made for placement in existing Foundation funds. The following suggested language may be used in the wording of a bequest to the Foundation.

Unrestricted Bequest

“I give, devise and bequeath (describe assets which are the subject of the bequest such as a stated sum, specific property, a percentage of the estate, or the residue of the estate) to the Community Foundation of the Fox River Valley, an Illinois Not For Profit Corporation of Aurora, Illinois.  The net income and, in the Foundation’s discretion, the principal of this gift shall be devoted to the general purposes of the Foundation.”

Unrestricted Bequest (Endowment)

In those cases where the donor prefers that the principal of the gift remain intact, the following language may be substituted for the last sentence in the previous example.  “The net income only of this gift shall be devoted to the general purpose of the Foundation and the principal shall remain intact.”

Restricted Bequest

“I give, devise and bequeath (describe assets which are the subject of the bequest such as a stated sum, specific property, a percentage of the estate, or the residue of the estate) to the Community Foundation of the Fox River Valley, an Illinois Not For Profit Corporation of Aurora, Illinois.  The net income and, in the Foundation’s discretion, the principal of this gift shall be devoted to the support of (a designated agency, institution, field of interest, charitable purpose such as scholarships, or a combination thereof).  This gift shall be added to an existing Community Foundation fund (or specify the name of the fund) which serves (the stated purpose or purposes).”

Restricted Bequest (Endowment)

In those cases where the donor prefers that the principal of the gift remain intact, the following language may be substituted for the last two sentences in the previous example.  “The net income only of this gift shall be devoted to the support of (a designated agency, institution, field of interest, charitable purpose such as scholarships, or a combination thereof) and the principal shall remain intact.  This gift shall be added to an existing Community Foundation endowment fund (or specify the name of the endowment fund) which serves (the stated purpose or purposes).”

Bequest For New Named Fund

If a gift is substantial and contemplates a separate named fund for the donor or some other person, the following language may be used.  “I give, devise and bequeath (describe assets which are the subject of the bequest such as a stated sum, specific property, a percentage of the estate, or the residue of the estate) to the Community Foundation of the Fox River Valley, an Illinois Not For Profit Corporation of Aurora, Illinois.  This gift shall be known as the ‘__________ Fund’.  The net income and, in the Foundation’s discretion, the principal of this fund shall be devoted to the support of (the general purposes of the Community Foundation of the Fox River Valley, a designated agency, institution, field of interest, charitable purpose such as scholarships, or a combination thereof).”

Bequest For New Named Fund (Endowment)

In those cases where the donor prefers that the principal of the gift remain intact, the following language may be substituted for the last two sentences in the previous example.  “This gift shall be known as the ‘__________ Endowment Fund’.  The net income only of this fund shall be devoted to the support of (the general purposes of the Community Foundation of the Fox River Valley, a designated agency, institution, field of interest, charitable purpose such as scholarships, or a combination thereof) and the principal shall remain intact.”

Thank you very much for supporting my college education for these four years. I will never be able to repay you for the opportunity that this scholarship has given to me.

Julia H.

[Renewing Scholarship Recipient] Graduate of Hinkley-Big Rock High School

As a first-generation college student from a low-income family, I was worried about how I was going to pay for books and supplies. This scholarship will allow me to focus more on my studies instead of worrying about how to afford college. I am working to not only create opportunities for myself but to motivate future generations. Thank you so much for helping me along this journey!

Moises J.

Claude & Alice Allen Memorial Scholarship Recipient

…you can always start small, even $25 can make a difference. Remember we can’t take our money with us. Even if it’s just your gift of time. Volunteer and get involved.

Cris Anderson

Cristina & Thomas S. Anderson Endowment Fund | Tom & Cris Anderson Colonial Advisory Fund

We chose the Community Foundation because of its reputation. It’s well known, established and we can trust them to do the job for us.

Dick Schindel

Richard and Susan Schindel Scholarship Funds

Being a part of the Community Foundation scholarship committee is the highlight of my year. For many, a scholarship from the Community Foundation is the reason they are able to continue reaching for their dreams and changing the future of our world. I hope each recipient knows just how inspirational they are to those of us who are lucky enough to read their stories.

Jessica Breugelmans

Board Member & Scholarship Committee Member

A community foundation is a donor-driven organization that helps donors custom-design funds that reflect their charitable interests. Through the years, grants from these funds have made a significant impact on our local communities.

Sharon Stredde

President Emeritus

Community Foundation of the Fox River Valley

Install Community Foundation of the Fox River Valley

Install this application on your home screen for quick and easy access when you’re on the go.

Just tap then “Add to Home Screen”

Accessibility Toolbar