A gift of personal property or real estate made to the Foundation in one’s will is known as a bequest or devise. A gift of money is a legacy. Our Foundation can be named the beneficiary of all or a portion of the residue, the undistributed remainder of your estate.
You may leave three types of legacies to St. Mary’s General Hospital Foundation:
- a “specific use” legacy, such as for capital renovation/building, equipment needs, medical research,
- an “unrestricted use” legacy, which permits the Hospital to place the funds where they are most needed at the time of the gift, or
- an “Endowment” legacy, which allows the Foundation to permanently invest the principal of your bequest and use the interest each year to support capital renovation/building, equipment needs, medical research, or to place the funds where they are needed most.
A Willing Commitment…
“Making a will is not an easy thing” acknowledges Elaine, “but including a bequest for St. Mary’s made us feel better about the process”.
Elaine and Roland Rees decided to strengthen their commitment by making a bequest in their wills to the Foundation, over and above their regular donations. “Making a will is not an easy thing” acknowledges Elaine, “but including a bequest for St. Mary’s made us feel better about the process”. By making St. Mary’s a beneficiary of their estate, they will enable the Foundation to continue its work of supporting the mission of the Hospital well into the future.
If you would like more information about bequests or other legacy gifts, please contact:
(519) 749-6578 ext. 1514