BEQUESTS AND ESTATE PLAN GIFTS
A bequest is a gift from your estate—a transfer of cash, securities, or other property made through your estate plans. You can make a bequest to Missouri Delta Foundation by including language in your will or living trust leaving a portion of your estate to the Foundation, or by designating Missouri Delta Foundation as a beneficiary of your retirement account or life insurance policy.
Remembering Missouri Delta Foundation with a bequest from your estate will help sustain and strengthen the medical center in years to come. Some of the advantages of creating a bequest include:
- A bequest costs nothing now, yet gives you the satisfaction of knowing you have provided for Missouri Delta in the future
- You retain control of and use of your assets during your lifetime
- You may modify your bequest if your circumstances change
- Gifts to Missouri Delta Foundation from your estate are exempt from federal estate taxes
- If you let Missouri Delta Foundation know of your plans, we will be able to thank you and recognize you now.
MAKING A BEQUEST
A bequest to Missouri Delta Foundation can be made for a specific amount, for a percentage of your estate, or for all or a portion of what is left after you have made bequests to your family. To make a gift to Missouri Delta Foundation from your estate, you must sign a new will or living trust instrument, add a codicil to your present will, or make an amendment to your present trust instrument.
Alternatively, you can designate Missouri Delta Foundation as a beneficiary of a retirement plan or life insurance policy. To do so, contact the retirement plan administrator or life insurance company and complete the appropriate beneficiary designation form.
PLANNING YOUR BEQUEST
When planning for a bequest, you will need to consider how you would like your gift to be used to benefit Missouri Delta Medical Center—whether unrestricted in purpose or restricted to a specific department/service or purpose, and whether you would like it to be an expendable fund (to be spent when received) or an endowed fund (to last in perpetuity).
- An unrestricted bequest allows the Foundation to determine how to use the funds based on its most pressing needs. Unrestricted bequests are extremely valuable because the Foundation can use them to flexibly meet the medical centers future needs.
- A restricted bequest directs assets to a specific fund, service, or particular purpose, such as pediatrics, OB, mammography, wellness, etc.
- Expendable funds are used in their entirety, generally within a relatively short time frame. Some larger expendable gifts are used over longer periods.
- Endowed funds provide income every year in perpetuity to carry out the designated purpose of the fund.
CREATING A LASTING LEGACY
A fund created by your bequest can carry your name, the name of a family member, or any other person you wish to honor. Named funds, because of the support they offer to programs and people, are a way to share what is meaningful to you within Missouri Delta Medical Center well into the future.
LET US THANK YOU
If you have included Missouri Delta Foundation in your estate plans, please let us know. We would like to thank you for your generosity, make sure the purpose of your gift is understood by the Foundation, and you receive the appropriate recognition.