You can create a legacy in your park for future generations by including the Montgomery Parks Foundation in your planned and estate giving.
Gifts of all sizes are welcome. Each gift plays a vital role in caring for our parks. Legacy gifts may be made in many forms including:
• Charitable gift annuities
• Charitable trusts
• Real estate
• Stocks, bonds and mutual funds
• Life insurance
• Retirement accounts
Gifts by Will
You can create a legacy by naming the Montgomery Parks 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:
This is one of the most popular ways to make a charitable gift by will. You simply leave a specified dollar amount to the Foundation:
“I give $__________ to the Montgomery Parks Foundation, a nonprofit charitable organization located in Silver Spring, MD.”
Allows your bequest to adjust automatically with the value of your estate:
“I give _________ percent of the value of my estate to the Montgomery Parks Foundation, a nonprofit charitable organization located in Silver Spring, MD.”
Allows you to give the 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 Montgomery Parks Foundation, a nonprofit charitable organization located in Silver Spring, MD.”
Allows you to provide the 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 Foundation rather than unintended beneficiaries.
“If _______________ predeceases me, I give his/her bequest to the Montgomery Parks Foundation, a nonprofit charitable organization located in Silver Spring, MD.”
To Benefit a Specific Park or Park Program
Include this language:
“… to the Montgomery Parks Foundation, a nonprofit charitable organization located in Silver Spring, MD to benefit [name of the park or park program].”
If you would like to name or dedicate a specific park or park program, please contact the Foundation directly so we can assure that your wishes will be fulfilled as you intend.
The Montgomery Park Foundation Tax identification number is: 52-1788782
This information is not intended as tax or legal advice. The Montgomery Parks Foundation recommends consulting with your attorney or financial advisor before taking any action related to your estate.
Discuss these and other giving methods with your attorney, accountant or other financial advisor. You may be surprised to find that planned gifts can have significant tax benefits for you and your heirs.
For more information or to inform us of your plans to include the Montgomery Parks Foundation in your estate contact:
Debbie Rankin, CFRE
Montgomery Parks Foundation