Pullman Regional Hospital Foundation
Sample
Bequest Language
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.
- 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: "Pullman Regional Hospital Foundation."
- Our
federal taxpayer identification number is: 91-6028220.
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 Pullman
Regional Hospital Foundation all of my shares of XYZ stock or mutual fund to be
used for the benefit of Pullman Regional Hospital."
-
For a bequest of cash, the possible language is: "I give to Pullman Regional
Hospital Foundation the sum of (Amount) to be used for the benefit of Pullman
Regional Hospital."
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 Pullman Regional Hospital Foundation (percent)
of my estate, or (percent of the rest, residue and remainder) of my estate to
be used for the benefit of Pullman Regional Hospital."
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 Pullman Regional Hospital Foundation all of the rest,
residue, and remainder of my estate, to be used for the benefit of Pullman Regional
Hospital."
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 Pullman Regional Hospital. Click here to return to Wills
and Bequests.
Please
note, individual financial circumstances will vary. The information on this site
does not constitute legal or tax advice. Donor stories and photographs are for
purposes of illustration only. As with all tax and estate planning, please consult
your attorney or estate specialist. All material is copyrighted and is for viewing
purposes only. Use of this site signifies your agreement with the terms
of use. The content in this Planned Giving section has been developed for
Pullman Regional Hospital by Future Focus.
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Revised: November 1, 2005 15:42.