When creating a bequest gift for the CF Foundation, you or your attorney will need to use the legal or corporate name of the Foundation. It is “College of Central Florida Foundation, Inc.”
A bequest may be:

• Designated for a particular purpose or left unrestricted.
• Used to establish or add to an existing endowed fund (only the annual payout on which may be used) or a current fund (both annual payout and principal may be used).
• Given to honor the donor or memorialize a loved one.

A general bequest directs that the CF Foundation receive a specified dollar amount or percentage of one’s residuary estate to be used for the general purposes of the Foundation. To include such a provision in your will we suggest the following:

“I hereby give, devise and bequeath to the College of Central Florida Foundation, Inc. ________ dollars ($_________), or ______ percent (______%) of my residuary estate, whichever is less, to be used for the benefit of the College of Central Florida as the Board of Directors, CF Foundation, may direct.”

A restricted bequest directs that the CF Foundation use the monies for a specified program, project, activity, or academic discipline. These bequests may be subject to minimum funding thresholds and require additional language in your will. Some suggested forms are listed below:
“I hereby, give, devise, and bequeath to the College of Central Florida, Inc., _________ dollars ($_______), or __________ percent (_______% of my residuary estate”.

To create a new fund:
“to fully fund the ___________________________ endowment, and shall be subject to the terms of the fund.”

For an existing permanent fund:
“…to be added to the _______________________ Fund, and shall be subject to the terms of the fund. However, if said fund no longer exists, then it may be used as the Board of Directors of the CF Foundation may determine.”

A contingent bequest enables you to name a primary beneficiary as an alternate beneficiary of all or of a portion of your estate. CF Foundation will receive the bequest only if your primary beneficiary or beneficiaries do not survive you.

“If _____________ is not living at the time of my death, I give to the College of Central Florida Foundation, Inc., the sum of $ ________/ the residue of my estate? Or ____% of the residue of my estate to be used as the Board of Directors of the CF Foundation may determine.”

To name CF as a beneficiary in your will, we ask that you complete a Statement of Support (PDF) or send a copy of the relevant pages/sections of the will showing the College as a beneficiary. Gifts of certain levels offer various naming opportunities for high visibility programs, classrooms and scholarships.

We extend our deep thanks for considering a planned gift to CF. Our development staff are available to fully review this option with you so it meets your needs. Contact Traci Mason at masont@cf.edu or 352.873.5808.

Most companies have a standard form available for making such designations. The form will ask for basic information such as the beneficiary’s name, address and Tax ID number (e.g., The College of Central Florida Foundation, 3001 SW. College Road, Ocala, FL 34474, Tax ID #59-6139037).

The College of Central Florida Foundation encourages all prospective planned giving donors to seek independent professional counsel (e.g., attorney, financial adviser and/or accountant). Contributions to the College of Central Florida Foundation are tax-deductible to the extent allowed by law.

A gift of publicly-traded securities could be right for you if:

• You own publicly-traded securities that you have owned for at least one year.
• Some of these securities have increased in value since you bought them.
• Some of these securities may provide you with little or no income.
• You would like to make a gift to the College of Central Florida Foundation.

How Do I Qualify?
The Qualified Charitable Distribution (QCD) offers multiple benefits for making gifts from your IRA.

• You must be 70.5 years or older at the time of the gift.
• Gifts must go directly from your IRA to the College of Central Florida Foundation.
• For 2025, total QCD gifts cannot exceed $108,000 per donor.

Benefits of Qualified Charitable Distribution

• If you don’t itemize your income tax deductions, a QCD offers all of the benefits of an itemized income tax charitable deduction.
• If you are age 73 or older and must take a Required Minimum Distribution RMD, a QCD gift can satisfy your RMD without increasing your income taxes.
• You may direct your gift to a program or area of your choice.
• It is a wonderful way to create an immediate impact on the College of Central Florida Foundation.

How Can I Make an IRA Charitable Rollover?
Contact your IRA administrator to request a Qualified Charitable Distribution from your IRA to the CF Foundation.