Charitable Bequests
For many members of our community, a bequest is the best and easiest way to make a gift to the Foundation.
The lasting impact of bequests – both large and small – will support and shape the growth of Northern Hospital of Surry County in the years to come.
Types of Bequests
By means of a Will or other estate plan, The Northern Hospital Foundation can be named as a beneficiary of your estate. You can arrange to bequeath a gift from your estate in several different ways. You may gift a specific dollar amount or item, a percentage of your estate, or those assets remaining after other specific bequests are distributed.
If you are considering a bequest to The Northern Hospital Foundation, we encourage you to explore the various donation options with your financial and legal advisors, ensuring that your future gift is as tax effective as possible and takes your family needs into consideration. The following sample gift language may be of help to your financial and legal advisors.
Specific Bequest
A specific bequest involves making a gift of a specified dollar amount, percentage of your estate, or asset such as real estate, securities or personal property. For example, you might bequest $50,000, 25% of your estate, land, shares of stock, or artwork to The Northern Hospital Foundation.
Specific Bequest of a Dollar Amount
“I give to the Northern Surry Foundation for Better Health, Inc. (DBA The Northern Hospital Foundation), a not-for-profit organization located in Mount Airy, North Carolina, the sum of $ ________ to be used to further its purposes as the Board of Trustees in their discretion may deem appropriate (or in support of a specific area of interest).”
Specific Bequest of a Percentage of Estate
“I give to Northern Surry Foundation for Better Health, Inc. (DBA The Northern Hospital Foundation), a not-for-profit organization located in Mount Airy, North Carolina, __% of my estate to be used to further its purposes as the Board of Trustees in their discretion may deem appropriate (or in support of a specific area of interest).”
Specific Bequest of Personal Property
“I give to Northern Surry Foundation for Better Health, Inc. (DBA The Northern Hospital Foundation), a not-for-profit organization located in Mount Airy, North Carolina, Description of Personal Property to be used to further its purposes as the Board of Trustees in their discretion may deem appropriate (or in support of a specific area of interest).”
Specific Bequest of Real Estate
“I give to Northern Surry Foundation for Better Health, Inc. (DBA The Northern Hospital Foundation), a not-for-profit organization located in Mount Airy, North Carolina, all of the right, title and interest in and to the real estate located at Address or Description of Real Estate to be used to further its purposes as the Board of Trustees in their discretion may deem appropriate (or in support of a specific area of interest).”
Residual Bequest
Your residual estate is a what remains after all other bequests, debts and taxes have been satisfied. A common bequest involves gifting all or a percentage of the residue of the estate. For example, you may wish to leave 30% of the remainder of your estate to The Northern Hospital Foundation.
Bequest of Residual Estate
“I give to Northern Surry Foundation for Better Health, Inc. (DBA The Northern Hospital Foundation), a not-for-profit organization located in Mount Airy, North Carolina, all (or state a percentage) of the remainder of my estate, both real and personal and wherever situated, to be used to further its purposes as the Board of Trustees in their discretion may deem appropriate (or in support of a specific area of interest).”
Contingent Bequest
A contingent bequest is made 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 the Northern Hospital Foundation.
Contingent Specific or Residual Bequest
“In the event that ____________ (beneficiary) does not survive me, I give the rest, residue and remainder of my estate (or specific dollar amount, percentage or asset) to Northern Surry Foundation for Better Health, Inc. (DBA The Northern Hospital Foundation), a not-for-profit organization located in Mount Airy, North Carolina, all (or state a percentage) of the remainder of my estate, both real and personal and wherever situated, to be used to further its purposes as the Board of Trustees in their discretion may deem appropriate (or in support of a specific area of interest).”
Bequest Checklist
Legal Name:
Northern Surry Foundation for Better Health, Inc.
Tax ID:
38-3669834
Address:
830 Rockford Street
Post Office Box 1101
Mount Airy, NC 27030
Contact:
Tina Beasley, Executive Director
Phone:
336-783-8196
Fax:
336-786-3757
Email:
tbeasley@wearenorthern.org
Please notify us of your intention so we may thank you for the gift and keep you informed of our ongoing activities. We will gladly respect your wishes regarding anonymity.
The lasting impact of bequests – both large and small – will support and shape the growth of Northern Regional Hospital in the years to come. For many members of our community, a bequest is the best and easiest way to make a gift to the Foundation.
