One of the easiest ways to support the Hugh Chatham Memorial Hospital (HCMH) Foundation is to include it in your will. If you already have a will, adding the Foundation is as simple as contacting your attorney. The following are suggested donations in your will:
- Securities (stocks, bonds, mutual funds)
- Life insurance policies
- Real estate (land, buildings)
- Personal property (vehicles, collections)
Family and friends are usually the first to be remembered in a will. After all the distributions have been made to loved ones, a provision can be made that the remainder of the estate be given to the HCMH Foundation. If you prefer, your will can stipulate that either a percentage of the estate or a fixed dollar amount be given to the Foundation.
A charitable tax donation to the HCMH Foundation may solve certain tax concerns encountered by those who have large estates.
How Can I Include the HCMH Foundation in my Will?
Below you will find recommended clauses for making an outright unrestricted bequest to the HCMH Foundation. The clauses, of course, are only examples. Be sure to consult your attorney for proper legal advice.
"To the Hugh Chatham Memorial Hospital Foundation, the sum of ______ dollars ($_______). This bequest is unrestricted and the Hugh Chatham Memorial Hospital Foundation Board of Directors may use and expend the same for the benefit of Hugh Chatham Memorial Hospital in any manner deemed appropriate."
"To the Hugh Chatham Memorial Hospital Foundation, _________ percent (_______%) of my net residuary estate after the payment of all my debts and taxes. This bequest is unrestricted and the Board of Directors of the Hugh Chatham Memorial Hospital may use and expend the same for the benefit of Hugh Chatham Memorial Hospital in any manner deemed appropriate."
Should you wish to restrict your bequest to the HCMH Foundation for a special purpose, contact us for examples of recommended wording.