Engaged Philanthropy:
Donating to the ACM Foundation
Making a gift or planned gift to the ACM Foundation offers flexibility in expressing your personal vision, whether
your goal is to make an immediate, long-term or perpetual gift. You may designate a tax-deductible donation for
a specific program or initiative, or provide general support that empowers the Foundation to direct your gift to
meet a critical need.
The following options may be helpful in making a meaningful gift and impact:
Spring 2021 \ ACCESS ACM 8
Language for a WILL
An Investment in our Community
The following represents sample language that is commonly
used to make a gift by will:
A fixed amount of money or a designated property:
Individuals may include provision in their wills for the Allegany
College of Maryland Foundation to receive stated sums of money.
One example of such a specific bequest would be:
“I hereby give and bequeath the sum of $______ the Allegany
College of Maryland Foundation, Inc., Cumberland, Maryland for
its general uses and purposes.”
A percentage of the estate:
Individuals may include a provision in their wills for the Allegany
College of Maryland Foundation to receive a stated percentage of
their estate. One example of such a bequest would be:
“I hereby give and bequeath ___of my total estate to the Allegany
College of Maryland Foundation, Inc., Cumberland, Maryland.”
A residual bequest:
“I give all the residue of
my estate, including and
personal property, to bequeath to the Allegany College
of Maryland Foundation, Inc., Cumberland, Maryland.”
The Foundation generally advises donors to describe the
purposes of their gifts as broadly as possible and to avoid
detailed limitations and restrictions. We encourage you to
work closely with your legal and financial advisors when
creating a will or estate plan.
�� ANNUAL FUNDING
Establish a scholarship, in the amount
of $500 a year or more, in a particular name
with specific criteria designations.
�� ENDOWED AWARDS
Create one in your name through a lump
sum gift to the ACM Foundation. When
annual earnings generated from that sum
equal $500 or more, a scholarship in a
particular name with specific criteria
designations is made.
�� CONTRIBUTE TO AN
EXISTING FUND
Grow an existing endowed fund through
a designated gift. Our present list of endowed
funds and the curricula they support is available
in the Foundation Office.
�� PLANNED GIVING
There are a number of ways to make this type
of gift. The following are but a few examples
and not, by any means, all-inclusive:
�� Gifts of securities
�� Gifts of real estate
�� Gifts of personal property
�� Gifts of life insurance
�� Life income gifts
(charitable gift annuities, etc.)
�� Bequests
�� CONTACT
David Jones
ACM Foundation Executive Director
301-784-5200 | djones@allegany.edu
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