Planned Giving

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Through your generosity, public schools in your community will have additional support in furthering the classroom experience, graduating students will get the assistance they need to continue their education, and our outstanding teachers will have the opportunity to obtain post graduate degrees and training. Learn more about how to support the Loudoun Education Foundation.

donate to the loudoun education foundation

About the Foundation


Charitable Bequests

A charitable bequest is simply a distribution from your estate to a charitable organization through your last will and testament. There are different kinds of bequests. For each, you must use very specific language to indicate the precise direction of your assets, and to successfully carry out your final wishes.   Below, we have listed some of the more common kinds of bequests, and some bequest language. We always recommend that you carefully review the terms of your will with a professional trained in handling trusts and estates.

Residual Bequest Language

A residual bequest comes to us after your estate expenses, taxes and specific bequests are paid:

I give, devise and bequeath to Loudoun Education Foundation or its successor in interest, a charitable foundation supporting the mission of enhancing educational excellence in Loudoun County Public Schools, located in Ashburn, VA, TIN: [INSERT], all (or state a percentage) of the rest, residue and remainder of my estate, both real and personal, for its unrestricted charitable use and purpose.

Specific Bequest Language

Naming Loudoun Education Foundation as a beneficiary of a specific amount from your estate is easy:

I give, devise and bequeath to Loudoun Education Foundation or its successor in interest, a charitable foundation supporting the mission of enhancing educational excellence in Loudoun County Public Schools, located in Ashburn, VA, TIN: [INSERT], the sum of $___________ for its unrestricted charitable use and purpose.

Restricted Bequest Language

Many LEF friends like to direct their giving to specific needs, such as scholarships, or to support a specific school or distinct program.  Restricted bequests are welcomed, though it is important that they have some flexibility, too, as needs and programs can change over time:

I give, devise and bequeath to Loudoun Education Foundation or its successor in interest, a charitable foundation supporting the mission of enhancing educational excellence in Loudoun County Public Schools, located in Ashburn, VA, TIN: [INSERT] ______(a percentage of the estate, specific dollar amount, remainder of estate after all other bequests & expenses, etc.)_________ to be used for ____(describe how your gift is to be used, such as for scholarships, to support an specific school or LEF program, etc.)________. If at any time, it becomes impossible or impractical for my gift to be used for the above charitable purpose, LEF shall use my gift for a purpose and in a manner that most closely meets the above charitable purpose.

Contingent Bequest Language

Sometimes situations change after a will is drafted—the people and charities named in our will may not be there in the future. In such cases, naming Loudoun Education Foundation as a contingent beneficiary can be a great alternative: 

If ___(insert name)___ is not living at the time of my demise (or if ___Name of Charity___ is no longer in existence), I give, devise and bequeath ______(a percentage of the estate, specific dollar amount, remainder of estate after all other bequests & expenses, etc.)_________ to Loudoun Education Foundation or its successor in interest, a charitable foundation supporting the mission of enhancing educational excellence in Loudoun County Public Schools, located in Ashburn, VA, TIN: [INSERT], to be used for its general support and charitable purposes without restriction (or you may use the restricted bequest language above to define a specific purpose for your charitable bequest).

Retirement Plan Beneficiary Language

You may name Loudoun Education Foundation as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.

Naming Loudoun Education Foundation as the beneficiary of a qualified retirement plan asset such as a 401(k), 403(b), IRA, Keogh or profit-sharing pension plan will accomplish a charitable goal while realizing significant tax savings. It can be costly to pass these assets on to heirs because of heavy tax consequences. By naming Loudoun Education Foundation as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to Loudoun Education Foundation free of both estate and income taxes. Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change of beneficiary form from your plan administrator. When you are done, please return the form to your plan administrator and notify Loudoun Education Foundation. We can also assist you with the proper language for your beneficiary designation to Loudoun Education Foundation.

Bequest Language to Establish a Named Endowment Fund

A named endowment allows you to establish a permanent fund that will endure for generations. Your donated funds are professionally invested with the Loudoun Education Foundation for long-term growth as well as annual income. Only the income from the fund, as defined by the Foundation’s policies, is used each year to provide scholarships or other annual support to an academic department or affiliated program. Since the corpus of the fund remains invested, your name, values, and thoughtful gift will continue to touch lives far into the future.

I give, devise and bequeath to Loudoun Education Foundation (“LEF”) or its successor in interest, a charitable foundation supporting the mission of enhancing educational excellence in Loudoun County Public Schools, located in Ashburn, VA, TIN: [INSERT]______(a percentage of the estate, specific dollar amount, remainder of estate after all other bequests & expenses, etc.)_________ to be used to establish a permanent endowment fund to be named _____(state the name you would like for the fund)_____, hereafter referred to as The Fund. The Fund shall be managed by LEF subject to its investment and spending policies, and the income from The Fund, as defined by those policies, shall be used for ____(describe how the annual income from your fund is to be used, such as for scholarships, to support an specific school or LEF program, etc.)________. If my gift is below the minimum level required to establish an endowment at LEF, or if, at any time, it becomes impossible or impractical for The Fund established by my gift to be used for the above charitable purpose, LEF shall use my gift or The Fund for a purpose and in a manner that most closely meets the above charitable purpose.

The material presented on this LEF website is not offered as legal or tax advice and we recommend that you consult with your attorney or tax advisor.