Bequests
Your gift. Your legacy.
A gift in your will is one of the easiest gifts to make. With the help of an advisor, you can include language in your will or trust specifying a gift be made to NVRH as part of your estate plan. You can even make this gift in memory or in honor of a loved one. One significant benefit of making a gift in your will is that it allows you to continue to use the property you will leave to charity during your life. Another benefit is that by making a bequest you are able to leave a lasting legacy.
Types of Bequests
- Specific Bequest: A specific bequest involves making a gift for a specific dollar amount, or a gift of a specific asset such as real estate or other property. For example, you may wish to leave your home or $10,000 to NVRH. Another kind of specific bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to NVRH.
- Residual Bequest: A residual bequest is a bequest that is made from the balance of an estate after the will or trust has given away all other specific bequests. For example, you may wish to leave 30% of the residue of your estate to NVRH.
Sample Bequest Language
- Unrestricted Bequest Language
“I hereby, give, devise and bequeath [$DOLLARS] or [PERCENTAGE of my estate] or [PERCENTAGE of my residuary estate] or [DESCRIPTION OF PROPERY] to Northeastern Vermont Regional Corp., a non-profit organization located at 1315 Hospital Dr., St. Johnsbury, VT 05819 (EIN #22-2583253), to benefit the Northeastern Vermont Regional Hospital, Inc. for its general use and purpose. - Restricted Bequests
“I hereby, give, devise and bequeath [$DOLLARS] or [PERCENTAGE of my estate] or [PERCENTAGE of my residuary estate] or [DESCRIPTION OF PROPERY] to Northeastern Vermont Regional Corp, a non-profit organization located at 1315 Hospital Dr., St. Johnsbury, VT 05819 (EIN #22-2583253), to benefit the Northeastern Vermont Regional Hospital, Inc. to be used in support of [DESCRITION OF THE PROGRAM OR SERVICE PURPOSE OF YOUR GIFT]. If, in the judgment of the Northeastern Vermont Regional Corp Board of Trustees, it shall become impossible for Northeastern Vermont Regional Hospital to use this bequest to accomplish the specific purposes stated above, then the proceeds may be used for any purpose that the Trustees determine most closely accomplishes my wishes and purposes.”
Contact Us
Please contact Emily Hutchison, Director of Philanthropy at 802-748-7476 or philanthropy@nvrh.org if you have any questions about how to make a bequest to NVRH, or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.
This information does not provide legal or financial advice, nor is it a comprehensive review of the topics. You should consult your attorney and tax advisor before making or planning your gift. Certain types of gifts require prior approval from NVRH in order to be accepted. NVRH accepts all gifts through its parent company of Northeastern Vermont Regional Corp; 100% of gifts are transferred to NVRH for use in the way the donor has designated.
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St. Johnsbury, Vermont 05819
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