Create a Legacy

You can create a legacy of parks and green space for future generations by including the Fairfax County Park 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:
  • Bequests
  • Charitable gift annuities
  • Charitable trusts
  • Real estate
  • Stocks, bonds and mutual funds
  • Life insurance
  • Retirement accounts
Gifts by Will
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.

The Fairfax County Park Foundation's tax identification number is 54-2019179.
 
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 both donors and heirs.

For more information or to inform us of your decision to include the Fairfax County Park Foundation in your estate plans, contact:

Paul Baldino, Executive Director
Fairfax County Park Foundation
703-324-8581
paul.baldino@fairfaxcounty.gov
 
 
This information is not intended as tax or legal advice. Consult with your attorney or financial advisor before taking any action that affects your estate.