Huntington Hospital's bequest language
One way for you to support Huntington Hospital's mission is to make a gift to the hospital in your will or trust. One significant benefit of this type of gift is that it allows you to continue to use the property you will leave to charity during your lifetime. Another benefit is the lasting legacy that is created by a gift in your will or trust.Types of Testamentary Gifts
There are a number of ways you can provide for Huntington Hospital in your will or trust. You can leave what is called a specific gift, which involves making a donation of a specific asset such as real estate, stock, or other property. For example, you may wish to leave your home, specific shares of stock or a valuable work of art to Huntington Hospital.
You also can leave Huntington Hospital a gift of cash, for example, stating that Huntington Hospital is to receive $10,000.
Another option is a residual gift, which is made from the balance of an estate after the estate has paid its debts and costs, and given away each of the specific gifts and cash donations. You can leave the entire residue of your estate to Huntington Hospital. A common residual gift involves leaving of 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 Huntington Hospital.
Benefits
There are no limitations on gifts made through a donor's will or trust, and such gifts may be made for a general or specific purpose. All such gifts are exempt from federal estate taxes.
Sample Language
In order to make a provision for Huntington Hospital in your will or trust, you should speak with your attorney. Your attorney can help you include a bequest to Huntington Hospital in your estate plan. For your information, the legal name is "Pasadena Hospital Association, Ltd., doing business as Huntington Hospital." We have provided some basic language to assist you and your attorney in making a gift to Huntington Hospital in your will or trust.
1. Outright gift
If you are considering making an outright gift to Huntington Hospital in your will or trust, we recommend the following language:
Gift of a Specific Dollar Amount
I give and devise $DOLLARS to Pasadena Hospital Association, Ltd., doing business as Huntington Hospital (Tax ID 95-1644036), a California non-profit corporation located in Pasadena, California for the hospital's general use and purpose.
Gift of Specific Personal Property
I give and devise DESCRIPTION OF PROPERTY to Pasadena Hospital Association, Ltd., doing business as Huntington Hospital (Tax ID 95-1644036), a California non-profit corporation located in Pasadena, California for the hospital's general use and purpose.
Gift of Specific Real Estate
I give and devise all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Pasadena Hospital Association, Ltd., doing business as Huntington Hospital (Tax ID 95-1644036), a California non-profit corporation located in Pasadena, California for the hospital's general use and purpose.
2. Restricted gift
If you are considering making a gift in your will or trust but would like to ensure that your gift will be used only 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 that will ensure your charitable objectives can be met. We will also work with you and your attorney to craft language to accomplish your objectives. If you choose to make a restricted donation, we recommend that your attorney include the following provision to give Huntington Hospital flexibility should it no longer be possible for our organization to use your gift as you originally intended:
If, in the judgment of the board of directors of Pasadena Hospital Association, Ltd., doing business as Huntington Hospital, it shall become unreasonably burdensome, inconsistent with the charitable objectives of Huntington Hospital or otherwise not practical for Huntington Hospital to use this gift to accomplish the specific purposes of the gift, Huntington Hospital may use the income and principal of the gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my gift that is beneficial to Huntington Hospital and consistent with its mission.
Contact Us
Please contact us if you have any questions about how to make a gift to Huntington Hospital in your will or trust. The contact information is:
Helen Bechtolt
Senior Director, Principal Gifts
Office of Philanthropy
Huntington Hospital
100 W. California Blvd.
Pasadena, CA 91105
(626) 397-3241
[email protected]
