Augusta Health Foundation Bequest Language

There are many ways to provide for patients in our community by including Augusta Health Foundation in your will or estate plan. You can do this by working with an attorney to develop a new will or modify an existing will. By doing so, this will allow you to continue to have access to the monies or property during your lifetime and leave a lasting legacy for future Augusta Health patients. Rest assured in knowing that 100% of your gift benefits patients in need, as all administrative costs are paid for by Augusta health.

Types of Bequests

Please talk with your attorney or estate planning professional about making a bequest to Augusta Health. The following examples may help you determine the bequest that works best for you.

Specific Bequest. A specific bequest means making a gift of a specific dollar amount or using a specific asset such as real estate, jewelry or another asset. For example, you may wish to provide a gift of $10,000 or a property you own, such as your residence or vacation home.

I hereby give, devise and bequeath _________ and No/100 dollars ($DOLLARS) to Augusta Health Foundation, a nonprofit organization located at 78 Medical Center Drive, Fishersville, VA 22939 for its general use and purpose.

Percentage Bequest. You may also choose to leave a specific percentage of your overall estate to the Augusta Health Foundation. For example, you may wish to leave 10% of your estate to Augusta Health Foundation.

I hereby give, devise and bequeath ____ percent (___%) of my total estate, determined as of the date of my death, to Augusta Community Health Foundation, a nonprofit organization located at 78 Medical Center Drive, Fishersville, VA 22939 for its general use and purpose.

Specific Real Estate or Personal Property

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 Augusta Health Foundation, a nonprofit organization located at 78 Medical Center Drive, Fishersville, VA 22939 for its general use and purpose.

Residual Bequest. A residual bequest is made from the balance of an estate after all specific bequests have been allocated. For example, you may wish to leave 25% of the remainder of your estate to Augusta Health Foundation.

Contingent Bequest. A contingent bequest is made if the primary bequest cannot be met. For example, you may leave monies in a trust to a relative, with the remainder of the trust benefitting Augusta Health Foundation once the relative passes.

Providing to Support a Specific Care Area

If you are grateful for the care received in specific area or department of the health system, you can choose to designate a bequest to provide support for that care area. You can feel good in knowing that 100% of your gift supports the care area you choose. Bequests are exempt from federal estate taxes, therefore if you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes. This may result in a larger inheritance for your heirs.

If you are considering a bequest but would like to ensure that your bequest will be used to advance a specific department, care area or purpose (such as Hospice of the Shenandoah, cancer care or the heart center), please contact Tami Radecke, Executive Director, Augusta Health Foundation at 540-332-5174. Tami will be happy to talk with you and your attorney to ensure that your wishes are carried out.

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