One way to create a legacy is to name the Park Foundation as a beneficiary in your will or estate. Here are the most common kinds of bequests, followed by suggested language to discuss with your attorney, accountant or other financial advisor:
General Bequest
This is one of the most popular ways to make a charitable gift by will. You simply leave a specified dollar amount to the Park Foundation:
"I give $__________ to the Fairfax County Park Foundation, a nonprofit charitable organization located in Fairfax, Virginia."
Percentage Bequest
Allows your bequest to adjust automatically with the value of your estate:
"I give _________ percent of the value of my estate to the Fairfax County Park Foundation, a nonprofit charitable organization located in Fairfax, Virginia."
Residual Bequest
Allows you to give the Park Foundation the balance or a portion of the remainder of your estate after specific bequests to individuals, debts and expenses are paid:
"I give the remainder of my estate, after the satisfaction of all specific bequests, to the Fairfax County Park Foundation, a nonprofit charitable organization located in Fairfax, Virginia."
Contingent Bequest
Allows you to provide the Park Foundation the portion of your estate designated for a loved one only if that person dies before you. This ensures that your assets will pass to the Park Foundation rather than unintended beneficiaries.
"If _______________ predeceases me, I give his/her bequest to the Fairfax County Park Foundation, a nonprofit charitable organization located in Fairfax, Virginia."
To Benefit a Specific Park or Park Program
Include this language:
". . . to the Fairfax County Park Foundation, a nonprofit charitable organization located in Fairfax, Virginia to benefit [name of the park or park program]."
If you choose to name a specific park or park program, please contact us so we can assure that your wishes will be fulfilled as you intend.