LifeSpan's Bequest Language
An excellent way for you to support LifeSpan's mission of Delivering health with care® is to leave us a bequest in your
will, living trust or with a codicil. One significant benefit of making a gift by bequest is that it allows you to continue to use the property you will
leave to charity during your life. Another benefit is that you are able to leave a lasting legacy.
There are many ways for you to make a bequest to LifeSpan, as follows:
To make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to the Rhode Island Hospital Foundation for the benefit of LifeSpan 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 LifeSpan, we recommend the following language:
If you are considering making a bequest of a percentage of your estate to LifeSpan, 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 Hasbro Children's Hospital flexibility should it no longer be possible for Hasbro Children's Hospital to use your gift as you originally intended:
Please contact us if you have any questions about how to make a bequest to Hasbro Children's Hospital or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to HCH.
If you have included a bequest for Hasbro Children's Hospital in your estate plan, please inform us, as we would like to thank you and recognize you for your gift.
Types of Bequests
There are many ways for you to make a bequest to LifeSpan, as follows:
Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, other property, or a gift for a
specific dollar amount. For example, you may wish to leave your home or $10,000.
Percentage Bequest. Another type 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 LifeSpan.
Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has distributed 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 LifeSpan.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to LifeSpan.
Percentage Bequest. Another type 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 LifeSpan.
Residual Bequest. A residual bequest is made from the balance of an estate after the will or trust has distributed 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 LifeSpan.
Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to LifeSpan.
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 in 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
To make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to the Rhode Island Hospital Foundation for the benefit of LifeSpan 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 LifeSpan, we recommend the following language:
Bequest of a Specific Dollar Amount
I give to Rhode Island Hospital Foundation ("RIHF") for the benefit of Hasbro Children's Hospital ("HCH"), the pediatric division of Rhode Island Hospital, a nonprofit corporation with a place of business in Providence, Rhode Island, the sum of [written amount], income and principal to be applied in its discretion for HCH's general use and purposes.
RIHF is a nonprofit organization located at P.O. Box H, Providence, RI 02901, Federal Tax ID #05-0468736.
Bequest of Specific Personal Property
I give to Rhode Island Hospital Foundation ("RIHF") for the benefit of Hasbro Children's Hospital ("HCH") the pediatric division of Rhode Island Hospital, a nonprofit corporation with a place of business in Providence, Rhode Island, [description of property], income and principal to be applied in its discretion for HCH's general use and purposes.
RIHF is a nonprofit organization located at P.O. Box H, Providence, RI 02901, Federal Tax ID #05-0468736.
Bequest of Specific Real Estate
I give to Rhode Island Hospital Foundation ("RIHF") for the benefit of Hasbro Children's Hospital ("HCH") the pediatric division of Rhode Island Hospital, a nonprofit corporation with a place of business in Providence, Rhode Island, Rhode Island [address or description of property], income and principal to be applied in its discretion for HCH's general use and purposes.
RIHF is a nonprofit organization located at P.O. Box H, Providence, RI 02901, Federal Tax ID #05-0468736.
2. Percentage BequestI give to Rhode Island Hospital Foundation ("RIHF") for the benefit of Hasbro Children's Hospital ("HCH"), the pediatric division of Rhode Island Hospital, a nonprofit corporation with a place of business in Providence, Rhode Island, the sum of [written amount], income and principal to be applied in its discretion for HCH's general use and purposes.
RIHF is a nonprofit organization located at P.O. Box H, Providence, RI 02901, Federal Tax ID #05-0468736.
Bequest of Specific Personal Property
I give to Rhode Island Hospital Foundation ("RIHF") for the benefit of Hasbro Children's Hospital ("HCH") the pediatric division of Rhode Island Hospital, a nonprofit corporation with a place of business in Providence, Rhode Island, [description of property], income and principal to be applied in its discretion for HCH's general use and purposes.
RIHF is a nonprofit organization located at P.O. Box H, Providence, RI 02901, Federal Tax ID #05-0468736.
Bequest of Specific Real Estate
I give to Rhode Island Hospital Foundation ("RIHF") for the benefit of Hasbro Children's Hospital ("HCH") the pediatric division of Rhode Island Hospital, a nonprofit corporation with a place of business in Providence, Rhode Island, Rhode Island [address or description of property], income and principal to be applied in its discretion for HCH's general use and purposes.
RIHF is a nonprofit organization located at P.O. Box H, Providence, RI 02901, Federal Tax ID #05-0468736.
If you are considering making a bequest of a percentage of your estate to LifeSpan, we recommend the following language:
I give to Rhode Island Hospital Foundation ("RIHF") for the benefit of Hasbro Children's Hospital ("HCH"), the pediatric division of Rhode Island Hospital,
a nonprofit corporation with a place of business in Providence, Rhode Island, Rhode Island [percentage of my estate, determined as of the date of my death],
to be applied in its discretion for HCH's general use and purposes.
RIHF is a nonprofit organization located at P.O. Box H, Providence, RI 02901, Federal Tax ID #05-0468736.
3. Residual BequestRIHF is a nonprofit organization located at P.O. Box H, Providence, RI 02901, Federal Tax ID #05-0468736.
I give to Rhode Island Hospital Foundation for the benefit of Hasbro Children's Hospital ("HCH"), the pediatric division of Rhode Island Hospital, a
nonprofit corporation with a place of business in Providence, Rhode Island, [all or a percentage] of the rest, residue, and remainder of my estate to be
applied in HCH's discretion for its general use and purposes.
RIHF is a nonprofit organization located at P.O. Box H, Providence, RI, 02901, Federal Tax ID #05-0468736.
4. Contingent BequestRIHF is a nonprofit organization located at P.O. Box H, Providence, RI, 02901, Federal Tax ID #05-0468736.
If (primary beneficiary) does not survive me, then I hereby give, devise, and bequeath to Rhode Island Hospital Foundation ("RIHF") for the benefit of
Hasbro Children's Hospital ("HCH"), the pediatric division of Rhode Island Hospital, a nonprofit corporation with a place of business in Providence, Rhode
Island [description of property] to be applied in its discretion for HCH's general use and purposes.
RIHF is a nonprofit organization located at P.O. Box H, Providence, RI 02901, Federal Tax ID #05-0468736.
RIHF is a nonprofit organization located at P.O. Box H, Providence, RI 02901, Federal Tax ID #05-0468736.
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 Hasbro Children's Hospital flexibility should it no longer be possible for Hasbro Children's Hospital to use your gift as you originally intended:
If, in the judgment of the Board of Trustees of the Rhode Island Hospital Foundation for the benefit of Hasbro Children's Hospital, it shall become
impossible for Hasbro Children's Hospital to use this bequest to accomplish the specific purposes of this bequest, Hasbro Children's Hospital 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
Please contact us if you have any questions about how to make a bequest to Hasbro Children's Hospital or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to HCH.
If you have included a bequest for Hasbro Children's Hospital in your estate plan, please inform us, as we would like to thank you and recognize you for your gift.
