Planned Giving

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 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 and leave a lasting legacy.

What are the benefits of making a bequest?

How do I make a bequest?

A bequest is one of the easiest and most impactful gifts you can make. With the help of an advisor, you can include language in your will or trust specificying a gift be made to Delta County Memorial Hospital Foundation as part of your estate plan.

Types of Bequests

Specific Bequest: A specific bequest involves making a gift of a specific asset such as real estate, a car, other property, or a gift for a specific dollar amount. For example, you may wish to leave your home or $10,000 to DCMH Foundation

Percentage Bequest: 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 DCMH Foundation

Residual Bequest: A residual bequest is made from the balance of an estate after the will or trust has given away 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 DCMH Foundation

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 DCMH Foundation

Bequest Language

In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to DCMH Foundation in your estate plan. We have provided some basic bequest language to assist you and your attorney.

If you are considering making an outright bequest to DCMH Foundation, we recommend the following language:

Bequest of a Specific Dollar Amount


I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Delta County Memorial Hospital Foundation, a nonprofit organization located at 1501 E 3rd St, Delta, CO 81416 Federal Tax ID #____________, for Delta County Memorial Hospital Foundation's general use and purpose.


Bequest of Specific Personal Property


I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Delta County Memorial Hospital Foundation, a nonprofit organization located at 1501 E 3rd St, Delta, CO 81416, Federal Tax ID #_______________, for Delta County Memorial Hospital Foundation's general use and purpose.

 

Bequest of Specific Real Estate


I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Delta County Memorial Hospital Foundation, a nonprofit organization located at 1501 E 3rd St, Delta, CO 81416, Federal Tax ID #_______________, for Delta County Memorial Hospital Foundation's general use and purpose.

Percentage Bequest


If you are considering making a bequest of a percentage of your estate to Delta County Memorial Hospital Foundation, we recommend the following language:
 

I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Delta County Memorial Hospital Foundation, a nonprofit organization located at 1501 E 3rd St., Delta, CO, 81416, Federal Tax ID #______________________, for Delta County Memorial Hospital Foundation's general use and purpose.
 

Residual Bequest
 

I hereby give, devise and bequeath to Delta County Memorial Hospital Foundation, a nonprofit organization located at 1501 E 3rd St., Delta, CO, 81416, Federal Tax ID # _________, ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Delta County Memorial Hospital Foundation's general use and purpose.

Contingent Bequest
 

If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Delta County Memorial Hospital Foundation, a nonprofit organization located at 1501 E 3rd St., Delta, CO, 81416, Federal Tax ID # _________, DESCRIPTION OF PROPERTY to be used for Delta County Memorial Hospital Foundation's general use and purpose.

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 Delta County Memorial Hospital Foundation flexibility should it no longer be possible for Delta County Memorial Hospital Foundation to use your gift as you originally intended:
 

If, in the judgment of the Board of Directors of Delta County Memorial Hospital Foundation, it shall become impossible for Delta County Memorial Hospital Foundation to use this bequest to accomplish the specific purposes of this bequest, Delta County Memorial Hospital Foundation 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 Delta County Memorial Hospital Foundation or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.If you have included a bequest for Delta County Memorial Hospital Foundation in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.

PO Box 10100 Delta Co 81416

970.399.2610