Bequests allow you to leave money or property to White River Health System Foundation (WRHSF) and are accomplished through a written and executed will. Substantial gifts can be made without affecting your family's current financial security. Both the principal and the income of your estate are available to you during your lifetime. The amount and ultimate use of the funds may be designated, and the tax savings on your estate are maximized.
A bequest provides you, the donor, with great flexibility. You can leave a specific asset, a sum of money, a percentage of your estate, or the remainder of your estate after you have provided for other beneficiaries. You can also designate the purpose for your gift or provide for WRHSF to determine its use, while retaining the ability to change your will during your lifetime.
What are some advantages of making charitable bequests?
• retain control of all assets during your lifetime
• reduce your estate tax liability
• recieve estate tax charitable deduction
• direct your bequest to WRHSF as a whole or to a specific program
For more information about gifts of insurance, contact Larry Sandage, Director of Institutional Advancement, at 870-262-6033 or by email at lsandage@wrmc.com.