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Mission Hospital's Bequest Language

An excellent way for you to support Mission Hospital's healing ministry is to leave us a bequest in your will, or living trust.  One significant benefit of making a gift by bequest is that it allows you to continue to use the property you will leave to charity during your life. Another benefit is that you are able to leave a lasting legacy.
 

Types of Bequests


There are several ways you can make a bequest to Mission Hospital.
 
Specific Bequest. A specific bequest involves making a gift of a specific asset such as real estate, a car, other property or a gift for a specific dollar amount. For example, you may wish to leave your home or $25,000 to Mission Hospital.

Percentage Bequest. Another kind of bequest involves leaving a specific percentage of your overall estate to charity. For example, you may wish to leave 10% of your estate to Mission Hospital.

Residual Bequest. Perhaps the most often used method, a residual bequest is made from the balance of an estate after the will or trust has distributed all specific bequests. A common residual bequest involves leaving a percentage of the residue of the estate to charity. For example, you may wish to leave 30% of the residue of your estate to Mission Hospital.

Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you could leave specific property, such as a vacation home, to a relative, but the bequest language could provide that if the relative is not alive at the time of your death, the vacation home will go to Mission Hospital.
 

Bequest Benefits

 
A bequest is generally a revocable gift, which means it can be changed or modified at any time. You can choose to designate that a bequest be used for a general or specific purpose so you have the peace of mind knowing that your gift will be used as intended. Bequests are exempt from federal estate taxes. If you have a taxable estate, the estate tax charitable deduction may offset or eliminate estate taxes, resulting in a larger inheritance for your heirs.
 

Bequest Language


In order to make a bequest, you should speak with your attorney. Your attorney can help you include a bequest to Mission Hospital in your estate plan. We have provided some basic bequest language to assist you and your attorney.

1. Specific Bequest

If you are considering making an outright bequest to Mission Hospital, we recommend the following language:
 
Bequest of a Specific Dollar Amount

I hereby give, devise and bequeath $80,000 to Mission Hospital, a nonprofit organization located at 27700 Medical Center Road, Mission Viejo, CA, 92691, Federal Tax ID 95-1643360, for Mission Hospital's general use and purpose.

Bequest of Specific Personal Property

I hereby give, devise and bequeath all my shares of  XYZ common stock to Mission Hospital, a nonprofit organization located at 27700 Medical Center Road, Mission Viejo, CA, 92691, Federal Tax ID
95-1643360, for Mission Hospital's general use and purpose.

Bequest of Specific Real Estate

I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at (provide address OR accurate description of the property) to Mission Hospital, a nonprofit organization located at 27700 Medical Center Road, Mission Viejo, CA, 92691, Federal Tax ID 95-1643360, for Mission Hospital's general use and purpose.
 
2. Percentage Bequest

If you are considering making a bequest of a percentage of your estate to Mission Hospital, we recommend the following language:
 
I hereby give, devise and bequeath ____ percent of my total estate, determined as of the date of my death, to Mission Hospital, a nonprofit organization located at 27700 Medical Center Road, Mission Viejo, CA, 92691, Federal Tax ID 95-1643360, for Mission Hospital's general use and purpose.
 
3. Residual Bequest
 
I hereby give, devise and bequeath to Mission Hospital, a nonprofit organization located at 27700 Medical Center Road, Mission Viejo, CA, 92691, Federal Tax ID  95-1643360 ALL OR A PERCENTAGE of the rest, residue and remainder of my estate to be used for Mission Hospital's general use and purpose.
 
4. Contingent Bequest
 
If (primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Mission Hospital, a nonprofit organization located at 27700 Medical Center Road, Mission Viejo, CA, 92691, Federal Tax ID 95-1643360, DESCRIPTION OF PROPERTY to be used for Mission Hospital's general use and purpose.
 

Restricted Bequests


If you are considering a bequest but would like to ensure that your bequest will be used for a specific purpose, please let us know. Whereas Mission Hospital is represented by two campuses in Mission Viejo and Laguna Beach, you may opt to specifically support either one.  We would be pleased to work with you and your attorney to help you identify ways to give and meet your charitable objectives. We will also work with you and your attorney to craft language to accomplish your goals.

If you are making a restricted bequest, we recommend that your attorney include the following provision to give Mission Hospital flexibility should it no longer be possible for our Mission Hospital to use your gift as you originally intended:
 
If, in the judgment of the Foundation Board of Directors of Mission Hospital, it shall become impossible for Mission Hospital to use this bequest to accomplish the specific purposes of this bequest, Mission Hospital may use the income and principal of this gift for such purpose or purposes as the Board determines is most closely related to the restricted purpose of my bequest.
 

Other methods of creating legacy gift

 
Legacy gifts can also be created through beneficiary arrangements in life insurance or retirement plans.  Additionally, banks and financial institutions can facilitate transfers of legacy gifts via  POD (payable on death) provisions.  
 

Contact Us 


Please contact us if you have any questions about how to make a bequest to Mission Hospital or to request any additional information that might be helpful to you and your attorney as you consider making a bequest to us.

If you have included a bequest for Mission Hospital in your estate plan, please contact us to let us know. We would like to thank you and recognize you for your gift.
 
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