Deepen Your Connections
You want to leave money to St. John’s Hospital Foundation in your will. You also want the flexibility to change your will in the event that life circumstances change. You can do both.
In as little as one sentence, you can complete your gift. This type of donation to St. John’s Hospital Foundation in your will or living trust helps ensure that we continue our mission for years to come. Bequests can enable donors to make more significant gifts than they would have been able to during their lifetimes.
There are several types of bequests that allow you to designate how your estate will be distributed:
- Specific Bequest: A specific bequest is one in which you state a fixed dollar amount, a specific asset, or a percentage of your estate to the beneficiary. If you want to leave a specific dollar amount or particular items (such as stocks or bonds, land, or jewelry, artwork or other tangible personal property) this is the type of bequest that you would use.
- General Bequest: This type of bequest is usually a gift of a stated amount of money that does not specify the source from which it should be paid. This gives your executor the flexibility to honor the bequest from any available source.
- Residuary Bequest: This type of bequest is honored after all other bequests have been satisfied, and all debts, expenses, and taxes have been paid. This bequest maybe all or part of the balance of your estate.
- Contingent Bequest: A contingent bequest names the St. John’s Hospital Foundation as the recipient of your estate or a portion of thereof only in the event of specified circumstance. This type of bequest is fulfilled if certain conditions are met. For instance, if your primary beneficiary does not survive you, you can indicate your next choice for a recipient through a contingent designation.
St. John’s Hospital Foundation is a 501 ©3 tax exempt charitable organization as designated by the Internal Revenue Service in 1999 to secure philanthropic support to advance the mission of and strategic objectives of the St. John’s Medical Center, including patient-centered care, clinical excellence, and community wellness.
Our federal tax identification number is #83-0325788.
For more information, please contact John Goettler, CFRE, President, at 307/739-7516 or firstname.lastname@example.org