Dr. H Lynn Sheller Heritage Society
Dr. H Lynn Sheller Heritage Society

A bequest to the Fullerton College Foundation is a wonderful way to further support its work and mission of supporting the students of Fullerton College.

Whether you are an alumnus, retired faculty member of Fullerton College, or simply wanting to support the Fullerton community, there are many reasons why you might consider making a charitable bequest to the Fullerton College Foundation.

How to Make a Bequest

A bequest is one of the easiest gifts you can make to the Fullerton College Foundation which will make a significant impact our work. You can have your estate planning attorney include a provision in your will that leaves a lasting gift to the Fullerton College Foundation. Your bequest could be a gift of specific assets (such as a vehicle, artwork or coin collection), a dollar amount ($100, $1,000 or 10,000), or a percentage of your estate (3%, 10% or even 25%). A bequest could also be made from the residue of your estate or what is left after all gifts have been made to your heirs.

Benefits of an IRA Bequest

One type of bequest to consider giving to the Fullerton College Foundation is a bequest from your IRA. If you leave your IRA to your children, your heirs could face a significant tax. Talk with your estate planner about the types of assets to leave to your family that can produce little or no tax. Then consider making a bequest of your IRA to the Fullerton College Foundation. We will receive the full proceeds free of tax and can use this gift to help further support the students of Fullerton College. Please contact your plan custodian to designate us as a beneficiary of your IRA.

Sample Bequest Language

We have provided some basic bequest language to assist you and your attorney.

1. Bequest of a specific dollar amount

“I hereby give, devise and bequeath [$0000] to Fullerton College Foundation, a nonprofit organization located at P.O. Box 431, Fullerton, CA 92836, Federal Tax ID 95-6098253, for Fullerton College Foundation's general use and purposes.”

2. Bequest of specific personal property

“I hereby give, devise and bequeath [Description of Property] to Fullerton College Foundation, a nonprofit organization located at P.O. Box 431, Fullerton, CA 92836, Federal Tax ID 95-6098253, for Fullerton College Foundation's general use and purposes.”

3. Bequest of specific real estate

“I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at [Address or Description of Property] to Fullerton College Foundation, a nonprofit organization located at P.O. Box 431, Fullerton, CA 92836, Federal Tax ID 95-6098253, for Fullerton College Foundation's general use and purposes.”

4. Bequest of percentage of an estate

“I hereby give, devise and bequeath [Percentage of Your Estate] to Fullerton College Foundation, a nonprofit organization located at P.O. Box 431, Fullerton, CA 92836, Federal Tax ID 95-6098253, for Fullerton College Foundation's general use and purposes.”

 

Please contact the Foundation at 714-992-7790 or info@foundationfc.com if you have any question.