Bequests

A bequest is a provision in your will that designates a gift to the Mansfield Foundation. In most cases, a bequest directs that a specific dollar amount, a percentage of your estate, specific property or the remainder of the donor’s estate be given, upon your death (or the death of you and your spouse) to the Foundation. Doing so will not affect cash flow during your lifetime.

Such gifts may be in any amount. If sufficient in size, the gift may be used to establish a named charitable fund at the Foundation. A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.

If you are interested in making a bequest to the Mansfield Foundation, you are encouraged to communicate with Foundation staff about your charitable interests and preferred grantmaking intentions.

Bequest Language

If your client is considering a charitable bequest, the following may be helpful in completing their estate planning documents or may also be adapted to name a fund the beneficiary, contingent beneficiary, or remainder beneficiary of an IRA or other retirement plan, life insurance, or annuity policy or similar assets. The suggested language is provided to assist donors and their attorneys in making gifts to different typs of funds at the Mansfield Foundation. We welcome the opportunity to discuss these options with you and/or your client(s).

Download Bequests Testamentary Language

Contact Us

If you have included a bequest for Mansfield Foundation in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.