Conway Regional Health Foundation Bequest Language
An excellent way to support the Conway Regional Health Foundation mission is to leave a bequest in your will, living trust, or with a codicil.
There are a number of ways you can make a bequest to Conway Regional Health Foundation.
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Conway Regional Health Foundation in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Specific Bequest
If you are considering making an outright bequest to Conway Regional Health Foundation, we recommend the following language:
If you are considering making a bequest of a percentage of your estate to Conway Regional Health Foundation, we recommend the following language:
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Conway Regional Health Foundation flexibility should it no longer be possible for Conway Regional Health Foundation to use your gift as you originally intended:
Types of Bequests
There are a number of ways you can make a bequest to Conway Regional Health Foundation.
Specific Bequest: A specific bequest involves making a gift of a specific asset such as real estate, a car, other property, or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to Conway Regional Health Foundation.
Percentage Bequest: Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Conway Regional Health Foundation.
Residual Bequest: A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Conway Regional Health Foundation.
Percentage Bequest: Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Conway Regional Health Foundation.
Residual Bequest: A residual bequest is made from the balance of an estate after the will or trust has given away each of the specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Conway Regional Health Foundation.
Bequest Benefits
A bequest is generally a revocable gift, which means it can be changed or modified at any time.
You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended.
Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
Bequest Language
In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Conway Regional Health Foundation in your estate plan. We have provided some basic bequest language to assist you and your attorney.
1. Specific Bequest
If you are considering making an outright bequest to Conway Regional Health Foundation, we recommend the following language:
Bequest of a Specific Dollar Amount
I hereby give, devise, and bequeath _________ and No/100 dollars ($DOLLARS) to Conway Regional Health Foundation, a nonprofit organization located at 2302 College Ave, Conway, AR, 72034, Federal Tax ID #____________, for Conway Regional Health Foundation's general use and purpose.
Bequest of Specific Personal Property
I hereby give, devise, and bequeath DESCRIPTION OF PROPERTY to Conway Regional Health Foundation, a nonprofit organization located at 2302 College Ave, Conway, AR, 72034, Federal Tax ID #_______________, for Conway Regional Health Foundation's general use and purpose.
Bequest of Specific Real Estate
I hereby give, devise, and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Conway Regional Health Foundation, a nonprofit organization located at 2302 College Ave, Conway, AR, 72034, Federal Tax ID #_______________, for Conway Regional Health Foundation's general use and purpose.
2. Percentage BequestI hereby give, devise, and bequeath _________ and No/100 dollars ($DOLLARS) to Conway Regional Health Foundation, a nonprofit organization located at 2302 College Ave, Conway, AR, 72034, Federal Tax ID #____________, for Conway Regional Health Foundation's general use and purpose.
Bequest of Specific Personal Property
I hereby give, devise, and bequeath DESCRIPTION OF PROPERTY to Conway Regional Health Foundation, a nonprofit organization located at 2302 College Ave, Conway, AR, 72034, Federal Tax ID #_______________, for Conway Regional Health Foundation's general use and purpose.
Bequest of Specific Real Estate
I hereby give, devise, and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Conway Regional Health Foundation, a nonprofit organization located at 2302 College Ave, Conway, AR, 72034, Federal Tax ID #_______________, for Conway Regional Health Foundation's general use and purpose.
If you are considering making a bequest of a percentage of your estate to Conway Regional Health Foundation, we recommend the following language:
I hereby give, devise, and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Conway Regional Health Foundation, a nonprofit organization located at 2302 College Ave, Conway, AR, 72034, Federal Tax ID #______________________, for Conway Regional Health Foundation's general use and purpose.
3. Residual Bequest
I hereby give, devise, and bequeath to Conway Regional Health Foundation, a nonprofit organization located at 2302 College Ave, Conway, AR, 72034, Federal Tax ID # _________, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Conway Regional Health Foundation's general use and purpose.
Restricted Bequests
If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. We would be happy to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.
If you are making a restricted bequest, we recommend that your attorney include the following provision to give Conway Regional Health Foundation flexibility should it no longer be possible for Conway Regional Health Foundation to use your gift as you originally intended:
If, in the judgment of the Board of Directors of Conway Regional Health Foundation, it shall become impossible for Conway Regional Health Foundation to use this bequest to accomplish the specific purposes of this bequest, Conway Regional Health Foundation may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
Contact Us
Conway Regional Health Foundation has a dedicated team to help you honor a loved one, leave your legacy, create tax benefits, or a combination of all of these goals. We look forward to continuing the conversation.
Marla Hambuchen: [email protected], 501-513-5771
Learn more about Conway Regional Health Foundation Stock Transfer Instructions.
If you have included a bequest for Conway Regional Health Foundation in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.