Gifts through your estate

Bequest gifts through will or living trusts

A bequest in your will or living trust is one of the easiest ways to make a legacy gift. It gives you the opportunity to make a meaningful gift to provide for the future, yet you retain control and use of your assets during your lifetime. A bequest is also flexible, and you may modify your plans if your circumstances or family needs change. Gifts from your estate may also be exempt from federal estate taxes.

Bequest gifts can take many forms – a specific bequest, percentage bequest, residual bequest (percentage or specific), and contingent bequest. See resources below for sample bequest language and additional information.

If you have already left Spectrum Health Foundation, or Helen DeVos Children’s Hospital Foundation, in your will, or if you plan to do so, please let us know.

Beneficiary designations

Making a gift through a beneficiary designation may provide you with increased flexibility compared to making a gift in your will or living trust. Some examples include:

  • Retirement plans (IRA, 401(k), 403(b), etc.)
  • Life insurance policies
  • Donor advised funds
  • Bank and brokerage accounts
  • Mutual funds
  • Savings bongs

Naming the Foundation as a beneficiary is an easy process:

  • Contact the administrator of your retirement plan, life insurance policy, donor advised fund, etc. and request a change-of-beneficiary form, or simply download a form from your provider’s website.
  • Determine the percentage/amount that you would like us to receive and name the Foundation, along with that percentage/amount, on the beneficiary form.
  • Return the completed form to your administrator, insurance company, bank, financial institution, etc.
  • If willing, please let us know so that we can personally thank you and recognize your generous gift.

Contact us

If you would like to learn more about how to include Spectrum Health or Helen DeVos Children’s Hospital in your charitable estate planning, or if you intend to/have already remembered the hospital in your plans, we would love to hear from you.

Kristin Long MPA, CFRE, CAP®
Kristin.Long@spectrumhealth.org
616.486.6590

We are here to help and share the many ways you can make a difference through your philanthropy, now and in the future.

Disclaimer and tax information:
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Spectrum Health Foundation, including Helen DeVos Children’s Hospital Foundation, has 501(c)(3) non-profit tax-exempt status. Our federal Tax ID number is #38-2752328.

Information contained herein was accurate the time of posting and is taken from sources believed to be reliable. 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 any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. You are encouraged to seek the advice of your financial planner, attorney, and/or tax advisor to make certain a contemplated gift aligns with your overall circumstances and planning. All conversations are confidential; no obligations are associated with these conversations.