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Please note that gifts of this nature should be carefully considered in relation to your comprehensive financial and estate plans. We strongly recommend that you consult an attorney in the preparation of your will and to supervise its execution so as to comply with your state requirements. The following are examples for illustration only. These examples use the phrase "for the benefit of FirstHealth." You may instead specify a specific hospital, such as Moore Regional, a program such as the Cancer CARE Fund, or FirstHealth Hospice Foundation. Please contact us regarding the appropriate designation as well as consult your legal adviser for the proper wording.
- When including a bequest provision in your will, always use the full legal name and provide the federal taxpayer identification number.
- Our full, legal name is "The Foundation of FirstHealth, Inc."
- Our federal taxpayer identification number is 51-0191937.
Bequests
for Unrestricted Purposes
Unrestricted gifts are to be used
for the greatest need at the time
to be determined by the Board. A general
unrestricted bequest is especially
valued by us.
- For a bequest of securities, the possible language is "I give The Foundation of FirstHealth, Inc. all of my shares of XYZ stock or mutual fund to be used for the benefit of Moore Regional Hospital Foundation."
- For a bequest of cash, the possible language is "I give to The Foundation of FirstHealth, Inc. the sum of (amount) to be used for the benefit of Moore Regional Hospital Foundation."
If you do not want to specify the exact amount or nature of the intended gift, perhaps because the size of the future estate is difficult to estimate, a proportional bequest is often the best way to accomplish your goals. We would receive a percentage of the estate or the residue of the estate, after all other provisions have been met.
- Possible language is "I give to The Foundation of FirstHealth, Inc. (percent) of my estate, or (percent of the rest, residue and remainder) of my estate to be used for the benefit of Moore Regional Hospital Foundation."
Contingent
Bequest
A contingent bequest takes effect
only if the primary intention cannot
be met (e.g. if the primary beneficiary
does not survive the donor). This
ensures that property will not be
distributed to unintended beneficiaries.
- Possible language is "If (name of primary beneficiary) does not survive me, or shall die during the administration of my estate, or as a result of a common disaster, then I give to The Foundation of FirstHealth, Inc. all of the rest, residue, and remainder of my estate, to be used for the benefit of Moore Regional Hospital Foundation."
Bequests
for Restricted Purposes
If
you would like to honor a family member,
a special person or provide support
for a specific program or department
that was meaningful to you, then you
can designate your bequest specifically
for that purpose. You simply use any
form of the possible language included
above, and replace "to be used for
the benefit of [ insert purpose or
intent ]" with the specific designation.
Often specific guidelines govern the
use of these types of funds. Therefore,
we recommend that you contact us to
discuss your restricted gift. We are
here to help you as you plan.
If you
already have a will
A codicil is a written change
or amendment to a will. Click
here for a printable copy of what
a codicil would look like. Please
remember to consult your attorney
to make sure you are properly advised.
Thank you for remembering FirstHealth. Click here to return to Wills and Bequests.