Successor Advisor Clause Samples

Successor Advisor. This individual will have all of the advisory privileges of the fund advisor after the fund advisor is no longer able and willing to serve as such (such as that individual’s death, incapacity, or resignation as the fund advisor).

Successor Advisor. After the Donor’s lifetime the following person is authorized to provide grant-making recommendations for the Fund: or, in his/her absence or inability to perform, (each a “Successor Advisor” and, together, the “Successor Advisors”). After the respective lifetimes of the Successor Advisors, remaining balances of the Fund will be added to the Foundation’s unrestricted funds, or if more than $25,000 will be: maintained in the name of the Fund as a permanent endowment for general Foundation purposes set aside in the name of the Fund for use towards the following broad field(s) of interest: .

Successor Advisor. ADVISOR INFORMATION Please identify the type of advisor(s). In addition to naming one or more Donor Advisors, you may appoint an individual as an Additional Advisor, Successor Advisor or both. An Additional Advisor will have independent authority to recommend grants during your life. A Successor Advisor will have the authority to recommend grants and investments upon the death of the fund’s last surviving Donor Advisor. ADVISOR ONE Donor Advisor ⬜ Additional Advisor ⬜ Successor Advisor ADVISOR THREE ⬜ Donor Advisor ⬜ Additional Advisor ⬜ Successor Advisor Print Form Clear Form POST-DEATH CHARITABLE BENEFICIARIES You may recommend that the fund continue after your death, in whole or in part, or you may recommend that the fund be distributed to a Qualified Charity, in whole or in part. The person(s) whom you designate as Successor Advisor(s) can recommend grants from this portion. If less than 100%, skip to Part 2. If you have designated more than one Successor Advisor, select a box below: ⬜ Split Fund. The Program will split the fund pro rata into separate funds, each having its own Successor Advisor.

Successor Advisor. Donors may designate individuals as successor advisor(s), who have privileges to make recommendations appropriate for the fund. A donor advisor may change this designation at any time by notifying the Community Foundation in writing. First Name MI Last Name Suffix Preferred Salutation (e.g. ▇▇. ▇▇▇▇▇ ▇. Smith or ▇▇▇ ▇▇▇▇▇) Home Address City State Zip Work Organization Work Title Date of Birth Preferred Email Preferred Phone Relationship with Donor Advisor: I/We have informed the successor advisor of my/our succession plan I/We would like the successor advisor to begin receiving mailings from the Foundation First Name MI Last Name Suffix Preferred Salutation (e.g. ▇▇. ▇▇▇▇▇ ▇. Smith or ▇▇▇ ▇▇▇▇▇) Home Address City State Zip Work Organization Work Title Date of Birth Preferred Email Preferred Phone Relationship with Donor Advisor: I/We have informed the successor advisor of my/our succession plan I/We would like the successor advisor to begin receiving mailings from the Foundation Your values today can reflect your giving forever. Your planned gift (Bequest, IRA/Retirement Plan, Life Insurance, Property) is invested with us, growing over time to make an even greater difference in organizations you support and bestowed at timing you control through your planned gift. Our experts can help you and your financial advisors identify the best way to reduce estate and income taxes or produce retirement income. I/we have named the Athens Area Community Foundation in my/our will or trust. I would like to learn more about the Legacy Society and how to create a Planned Gift.