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Bequest Language

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Sample Bequest Language

A bequest—a gift in your will—is simple and convenient. You can create your legacy at Northern Westchester Hospital through such a gift.

Your bequest can be a specific dollar amount or a percentage of your estate. You can designate your bequest for general use or you can restrict its use to something meaningful to you.

Examples of Various Types of Bequests

Specific bequests are used to make a gift of a specific dollar amount or specific asset (such as securities).

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

A will is an important legal document and each individual’s situation is unique. To assist you with this important process, we offer several examples of suggested bequest wording to benefit Northern Westchester Hospital. We encourage you to discuss your intentions with your advisors and Northern Westchester Hospital to ensure that your wishes will be properly followed and recognized.

Percentage of estate for unrestricted purposes

“I give to Northern Westchester Hospital, a not-for-profit 501c3 organization located in Mount Kisco, New York, _____ percent (%) of the remainder of my estate for its general charitable purposes.”

Specific amount for unrestricted purposes

“I give, devise, and bequeath to Northern Westchester Hospital, a not-for-profit 501c3 organization located in Mount Kisco, New York, the sum of $_______ in cash or ________ shares of ________stock to be used for its general charitable purposes.”

Specific amount for specific purposes

“I give, devise, and bequeath to Northern Westchester Hospital, a not-for-profit 501c3 organization located in Mount Kisco, New York, the sum of $_______ in cash or ________ shares of ________stock to be used for ______________________ at Northern Westchester Hospital.

“If changed circumstances should at some future time make it impractical to continue administering the restricted fund for the purpose designated, then Northern Westchester Hospital’s Board of Trustees or the Northern Westchester Hospital Foundation Board of Directors may redesignate the purpose—provided the terms adhere as closely as possible to my original intent.”

Designating the Purpose of a Bequest

Unrestricted: The most useful type of bequest is unrestricted, allowing the funds to be allocated wherever the need is greatest, and taking into account that changes (programs, laws, etc.) may necessitate a use that cannot be anticipated at the time of the gift.

Restricted: You may designate your bequest to support a special program or purpose that reflects your interests (specific departments, endowment, or programs).

If the bequest is restricted to a specific purpose, it is important that the following wording be added at the end of the provision. This will ensure that, in the remote possibility a specified purpose may cease to need funds in the future, an alternate use for the bequest may be determined.

“If changed circumstances should at some future time make it impractical to continue administering the restricted fund for the purpose designated, then Northern Westchester Hospital’s Board of Trustees or the Northern Westchester Hospital Foundation Board of Directors may redesignate the purpose—provided the terms adhere as closely as possible to my original intent.”

Please contact Gaby Golod Greenwald at 914-242-8392 or ggreenwald@northwell.edu to discuss your intentions and to share news of your future gift. Thank you!

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