Rhode Island Hospital
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For more information about planned giving, please contact John Garcia at 401-606-4615 or email John.Garcia@lifespan.org.
The outright bequest is the simplest means of making a gift at your death. When you draft your will simply direct that a specific amount or percentage of money, property, or other holdings be transferred to Rhode Island Hospital. Your estate will be entitled to a charitable deduction for the full, fair-market value of your gift.
The contingent bequest provides for family and friends and will benefit the hospital only if the named beneficiaries predecease you.
Sample language for bequests
"I give to Rhode Island Hospital Foundation for the benefit of Rhode Island Hospital in Providence in the State of Rhode Island, and Providence Plantations, a Rhode Island nonbusiness corporation with a place of business in Providence, Rhode Island [written amount or percentage of the estate or description of property], income and principal to be applied in its discretion for its general uses and purposes."
Just as in a will, a living trust can specify charitable donations by a specific sum, a percentage, specific asset or residual amount. Assets in living trusts are not sheltered from possible estate tax because the trust can be changed at any time.
Rhode Island Hospital Foundation tax identification number is 05-0468736.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.