There are numerous ways to make supporting Springfield Hospital part of your legacy.  Two common methods are listed below.  Our development office is happy to talk with you to explore options that provide lifetime income and tax benefits for you and your loved ones.

Bequests

Bequests are the simplest way to support Springfield Hospital. You can add a provision in your will or trust designating either a percentage, specific amount, or all or a portion of the residue of your estate to the Hospital. You can designate your gift to a specific department or leave it unrestricted for general use. Gifts of all sizes are appreciated.

Beneficiary Designation

Naming Springfield Hospital as the beneficiary of all or a portion of a retirement account, bank or brokerage account, donor-advised fund or insurance policy, is a tax-smart way to make a gift that leaves a legacy while avoiding tax liability. When left to individuals, the value of the gift may decrease by up to 70%, but if used to make a gift to the Hospital, the funds are transferred tax-free and we are able to realize the full value of the gift.

Sample language for use as you plan your estate can be found below:

Sample Bequest Language

A gift to Springfield Hospital in your will or revocable trust carries a legacy that will inspire others and make a difference in the lives of future generations. A bequest is easy to arrange, will not alter your current lifestyle in any way, and can be easily modified to address your changing needs.

Residual Bequest Language

A residual bequest comes to us after your estate expenses and specific bequests are paid.

I give and devise to Springfield Hospital, located in Springfield, VT, all (or state a percentage) of the rest, residue and remainder of my estate, both real and personal, to be used for its general support (or for the support of a specific fund or program).

Specific Bequest Language

Naming Springfield Hospital as a beneficiary of a specific amount from your estate is easy.

I give and devise to Springfield Hospital, located in Springfield, VT, the sum of $__________ to be used for its general support (or for the support of a specific department or program).

Contingent Bequest Language

Springfield Hospital can be named as a contingent beneficiary in your will or personal trust if one or more of your specific bequests cannot be fulfilled.

If (insert name) is not living at the time of my demise, I give and devise to Springfield Hospital, located in Springfield, Vermont, the sum of $ _______ (or all or a percentage of the residue of my estate) to be used for its general support (or for the support of a specific department or program).

Retirement Plan Beneficiary Language

You may name Springfield Hospital as a beneficiary of your IRA or other qualified retirement benefits. Donors should consult with their tax advisor regarding the tax benefits of such gifts.

Making a charitable gift from your retirement plan is easy and should not cost you any attorney fees. Simply request a change of beneficiary form from your plan administrator. When you are done, please return the form to your plan administrator and notify Springfield Hospital.

To alert us to your plans or for further information please contact Director of Marketing and Planning Tonia Fleming at tfleming@springfieldhospital.org or 802-885-7621. Thank you.