Bequest Language

Suggested Language for Bequests for St. Vincent

A bequest is simple and convenient. You have a number of options.

A bequest may be in the form of cash, securities, real estate, or other property. You should specify that the St. Vincent Foundation is to receive a certain amount or percentage of your estate, particular assets, or the remainder of your estate after providing for heirs. To discuss making a bequest or for assistance in drafting language, please contact us.

Following are some examples of various types of bequests:

Specific bequests are used to make a gift of a specific dollar amount or specific assets, such as securities, real estate, or personal property.

Residuary bequests are used to give all or a portion of the rest, residue, and remainder of your estate after payment of expenses and any specific amounts designated to other beneficiaries.

Supporting St. Vincent Through Your Estate Plan

The following includes several examples of suggested bequest wording to benefit St. Vincent.

Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage you to share your final will provision with the St. Vincent Foundation to ensure that your wishes will be properly followed and recognized.

Percentage of estate for unrestricted purposes
I give, devise, and bequeath to the St. Vincent Hospital Foundation, Inc., a not-for-profit organization located in Indianapolis, Indiana, _____ percent (%) of the rest, residue, and remainder of my estate as an unrestricted gift to be used for the greatest needs of St. Vincent.

Percentage of estate for specific purposes
I give, devise, and bequeath to the St. Vincent Hospital Foundation, Inc., a not-for-profit organization located in Indianapolis, Indiana, _____ percent (%) of the rest, residue, and remainder of my estate to be used for ____________________ at St.Vincent.

Specific amount for unrestricted purposes
I give, devise, and bequeath to the St. Vincent Hospital Foundation, Inc., a not-for-profit organization located in Indianapolis, Indiana, the sum of $_______ or description of property, as an unrestricted gift to be used for the greatest needs of St. Vincent.

Specific amount for specific purposes
I give, devise, and bequeath to the St. Vincent Hospital Foundation, Inc., a not-for-profit organization located in Indianapolis, Indiana, the sum of $_______ or description of property, to be used for __________________________________________ at St. Vincent.

It is understood and agreed that should the purpose for which this bequest is instituted cease to exist, then the St. Vincent Foundation may devote said bequest for such other uses and purposes as it determines to be in accordance with my original intent in making this gift.

To assist you with your plans, St. Vincent can provide sample language for the program or area you wish to support. This confidential service is available to you without obligation.

To request specialized language for a will or trust, please contact Rob Baker, director of gift planning, (317) 338-5085 or e-mail at robaker@stvincent.org.

Benefits of Gift Agreements

Why have a gift agreement with the St. Vincent Foundation? A gift agreement ensures that St. Vincent will use the funds received as the donor intends. It's the best way to establish an endowed gift, a gift that keeps its spending power in perpetuity and provides an enduring legacy.