Bequests & Trusts

How to Make a Bequest to Boston Medical Center

Thank you for considering a bequest to Boston Medical Center. Bequests play an important role in supporting Boston Medical Center and our important mission. Through charitable bequests, individuals may create research funds, support patient care programs and clinical departments of particular interest, and even name facilities in their honor.  For many donors, a gift made through a will is the most realistic way of making a substantial contribution to the hospital. Please share the following suggested language with your attorneys as you prepare or revise your will.
 
The Office of Development is pleased to consult in confidence with you and your legal advisor about the phrasing of any specific bequest you may have in mind.  If you have any questions about bequests or planned giving at BMC, please contact Alix Carey at 617.638.6708.

Sample Bequest Language

A. Unrestricted Bequest: The following entrusts BMC’s leadership to utilize the assets you bequeath for the purposes they believe best advance BMC’s mission and goals.
 
“I give, devise and bequeath to Boston Medical Center Corporation, a Massachusetts charitable corporation, located at One Boston Medical Center Place, Boston, Massachusetts, or its successors, [choose one] (the sum of $_______), (______percent of my net estate), (all the rest, residue and remainder of my estate) to be used for it’s general charitable purpose.”
 
B. Restricted Bequest: You may choose to designate your support for a specific purpose.  However, it is important to realize that the restrictions you put in place today will remain in effect forever while medicine and BMC’s needs evolve. Therefore, it is recommended that any specified purposes should be described as broadly as possible to allow for the inevitable changes in medicine and Boston Medical Center’s needs. In this instance it is also advisable to include language that allows the President and Trustees of Boston Medical Center to apply your gift to a similar purpose if your original designation no longer exists.
 
“I give, devise and bequeath to Boston Medical Center Corporation, a Massachusetts charitable corporation, located at One Boston Medical Center Place, Boston Massachusetts, or its successors, [choose one] (the sum of $_________), (______percent of my net estate), (all the rest, residue and remainder of my estate), and specify its use for (e.g. research, building fund, equipment purchase, education). If, in the future, it is the opinion of the Board of Trustees of Boston Medical Center that my gift cannot be usefully applied for such purpose, the President and Trustees of Boston Medical Center may use the same for any purpose which they believe, acting in good faith, will most nearly accomplish my wishes.”
 
C. Bequest to Establish an Endowment: Endowments help secure Boston Medical Center’s Future by providing a cushion beyond operating revenues that will enhance its ability to respond to opportunities and sustain its focus in the face of challenges and changes.
 
“I give, devise and bequeath to Boston Medical Center Corporation, a Massachusetts charitable corporation, located at One Boston Medical Center Place, Boston, Massachusetts, or its successors [choose one] (the sum of $______), (______percent of my net estate), (all the rest, residue and remainder of my estate), the income only to be used for the following purpose: (state the purpose). The principal of this gift shall be held and may be commingled with other funds of Boston Medical Center for investment. The income may be used by Boston Medical Center for its charitable purposes, subject to its policies pertaining to endowment investment and spending. If, in the future, it is the opinion of the Board of Trustees of Boston Medical Center that all or part of the income of this fund cannot be usefully applied to such purpose, the Board of Trustees of Boston Medical Center may use the same for any purpose which they believe, acting in good faith, will most nearly accomplish my wishes.”

 

I really can’t say enough about the people at BMC and the job they did putting me back together after I was hit by a drunk driver. To show my appreciation, I put BMC in my will. It’s a gift that I’m honored to make. - Jim DeMarsh, BMC patient.

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