Bequest Language at Mount Carmel

Bequests can be made in a number of ways. You may want to leave a specific amount of money or a percentage of your estate or a particular asset or the rest, residue and remainder of your estate to the Mount Carmel Health System Foundation. Below is language to provide to your attorney regarding these possible bequests. Understand that you may also designate your bequest to support a specific facility or program or service. Or you may decide to leave your gift "undesignated" which means the Foundation's Trustees may determine the best place to use your gift when it is received.

Whatever your decision, please know that we are honored to be considered for and provided with this very special gift. Thank you for remembering the Mount Carmel Health System Foundation.

To Make a Bequest of a Specific Amount of Money

"I give, devise and bequeath to the Mount Carmel Health System Foundation, Columbus, Ohio, the sum of $__________ (or a specific asset) to be used for ...." (Specify the program, unit, facility or specific use for which you intend your gift. Or you may leave it "unrestricted", in which case the Foundation Trustees will determine how best to use your gift when it is received.)

To Make a Bequest of a Percentage of Your Estate

"I give, devise and bequeath to the Mount Carmel Health System Foundation, Columbus, Ohio, _____% of my estate to be used for…"

(Specify the program, unit, facility or specific use for which you intend your gift. Or you may leave it "unrestricted", in which case the Foundation Trustees will determine how best to use your gift when it is received.)

To Make a Bequest of the Remainder of your Estate

"I give, devise and bequeath all the rest, residue and remainder of my estate, both real and personal property of whatever kind and wherever situated, which I may

own or have the right to dispose of at the time of my death, to the Mount Carmel Health System Foundation, Columbus, Ohio, to be used for…"

To Make a Contingency Bequest

"I give, devise and bequeath to (Named Beneficiary) the sum of $_______

(or _____% of the estate), if he/she survives me , otherwise to the Mount Carmel Health System Foundation, Columbus, Ohio, to be used for…"

To Consider a Testamentary Trust

All or part of your estate may be left in trust to provide income to your beneficiary/ies. Upon the death of the survivor/s, or after a pre-determined number of years, the principal goes to the Mount Carmel Health System Foundation, Columbus, Ohio. Please consult with your legal or tax advisor to assure the trust is properly constructed so it may qualify for any charitable deduction available.

Designating Your Bequest

Just as in a gift of cash, your bequest can be unrestricted, meaning that you will leave it up to the Foundation's Board of Trustees to determine how best to use your gift when it is received. It is also possible to designate that your bequest should benefit a specific use at the Foundation, such as equipment, naming a room or area, scholarship for College of Nursing students or faculty support and physical facility upgrades.

It is also possible to specify that the funds be used for program support. These gifts may be restricted to a specific department or program.

Please understand this information is not to be construed as legal advice. You should consult with your legal advisor to properly prepare, draft and implement your estate plan. You are welcome to share this information with that advisor.

It is usually advisable to consult with the Foundation's Senior Development Officer - Planned Giving (contact information below) who can assist you in developing a designation which will be meaningful to you, the program and the Foundation.

For assistance, contact:

Lynn Weita
Regional Director Major Gifts
[email protected]
614-582-5349

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