Planned Giving

Bequests

Bequest

A bequest is a way you can support Rochester Regional Health through your will or living trust. It is the most common planned gift among our friends because it is the simplest to implement. All bequests, regardless of the amount, are integral to initiating new projects and planning for program enhancements that contribute to our long-term ability to deliver high quality care.

Take a look at some recommended bequest language.

Is a bequest right for you?
Here are some simple questions to help you decide:

  • Do you want the flexibility to adjust your gift over time?
  • Do you want to continue to have access to your gift assets?
  • Are you concerned about outliving your resources?

Types of bequests

  • Unrestricted. Healthcare is an ever-changing landscape. You can provide our clinical leaders with the freedom to put your gift to the best possible use at the time we receive it. It can be used to address an immediate need, take advantage of an exciting opportunity or help close a project’s funding gap.
  • Restricted. You can earmark your gift for a specific use, such as a special project or program that is important to you. We recommend that you consult with us before placing restrictions on your bequest to be sure we are able to carry out your wishes.
  • Endowed. You can have your gift invested in an endowment that ensures your gift will continue to benefit Rochester Regional Health in perpetuity. An endowed bequest can be restricted or unrestricted.
  • Residuary. This is a gift that is made after all other bequests, debts and taxes have been paid. By using the remainder of your estate, you ensure your family and those you care about most are taken care of first.
 

 

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Example

Catherine, a widow with children, has provided philanthropic support to Rochester Regional Health for many years. She is in good health now, but wants to be sure her children are taken care of when she is gone.

Rochester Regional is one of two organizations to which she has been most dedicated. She would like to make a lasting gift to each of them in memory of her husband. After discussing her options with her advisor, she decides to create a residuary bequest in her will for each of her two favorite organizations—each will receive 50 percent of the remainder of her estate after all other obligations, such as bequests to her children and taxes, have been fulfilled.