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Planned Giving
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: "Regions Hospital Foundation."
- Our federal
taxpayer identification number is: 41-1888902.
 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
Regions Hospital Foundation all of my shares of XYZ stock or mutual fund to be
used for the benefit of Regions Hospital
."
- For a bequest
of cash, the possible language is: "I give to Regions Hospital Foundation
the sum of (Amount) to be used for the benefit of Regions
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 Regions Hospital Foundation (percent) of my estate, [or
(percent) of the rest, residue and remainder of my estate] to
be used for the benefit of Regions 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 Regions Hospital Foundation all
of the rest, residue, and remainder of my estate, to be used for
the benefit of Regions 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 Regions Hospital . Click here to return to
Wills and Bequests.
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