With a bequest, you can provide for the future of your favorite charity without using any of your assets today. We suggest the following language for an unrestricted bequest to Bryn Mawr Rehab Hospital:
“I give $_______ [or, _____% of my residuary estate] to Bryn Mawr Rehab Hospital, to be used for its general purposes in such manner as its board of trustees may determine."
You may also choose to support a specific program or service. In this case, please contact the Office of Planned Giving at 484-580-4196 to determine how your wishes may best be carried out.
A bequest also provides:
Flexibility: A bequest lets you balance philanthropic goals with concerns that you may have about living expenses, future medical costs, and loved ones. Since you are not actually making a gift today, your asset is still available should you suddenly need it. Still, you become a part of our giving community by promising a future gift.
Revocability: Wills can be changed at any time. As a matter of fact, as your relationships and circumstances evolve, your will should naturally do the same. With a bequest, you are free to alter your plans, eliminating the worry about making an irrevocable commitment that you might later regret.
Versatility: To make a charitable bequest, you need a current will or codicil. You may specify that the bequest be used for a certain purpose, or that it be an unrestricted gift, in which case it will be used where it is needed most. Your gift can be made either as a specific bequest (a certain amount of cash, securities or property) or as a percentage of your estate. Because most of us do not know what the exact size of our estate will be in the future, using a percentage amount is an effective way to divide an estate, benefiting charities and individuals in relative proportion. You can also make your bequest contingent upon certain events, such as “I give $25,000 to my nephew, if he is living; otherwise to Bryn Mawr Rehab Hospital.”
Satisfaction: Most importantly, with a charitable bequest, you can experience the joy of knowing that your gift will carry out your philanthropic goals well into the future.
For more information, please contact your attorney or financial advisor. You may also call Dr. Scott Janney, CFRE, RFC, Director of Planned Giving, at 484-580-4196 or email Scott.
For more information, call 1.866.CALL.MLH.