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Bequest Language

  1. Testamentary Gifts by Will or Trust
     
    1. Cash Bequest - I give and bequeath the cash sum of $___________ unto the Carroll Hospital Center Foundation, 200 Memorial Avenue, Westminster, Maryland.
       
    2. Bequest of Specific Asset - I give and bequeath (insert description of asset, e.g., 500 shares of General Motors Corporation) unto the Carroll Hospital Center Foundation, 200 Memorial Avenue, Westminster, Maryland.
       
    3. Residuary Gift – I give, devise, bequeath and appoint all the rest, residue and remainder of my estate, real, personal or mixed, of every kind, character and description, howsoever acquired, wheresoever situate, and whether the same be in possession, reversion, expectancy or remainder, absolutely and forever, as follows:
       
      1. _________ percent (____%) thereof unto the Carroll Hospital Center Foundation, 200 Memorial Avenue, Westminster, Maryland.
      2. __________percent (____%) thereof unto . . .

     
  2. Assets Passing Directly Upon Death (not subject to Will)
     
    1. A charity can also be designated as the direct beneficiary of assets passing outside the Will or Trust such as life insurance, annuities and IRA accounts.
       
    2. Income tax deferred assets are particularly attractive for charitable giving because the income tax is thereby avoided.
       
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