"I give to Memorial Hospital in Pawtucket, Rhode Island, a nonbusiness corporation at 111 Brewster Street, [written amount or percentage of the estate or description of property], to be applied in its discretion for its general uses and purposes."
If you would like to restrict the gift to a particular purpose, please contact the Philanthropy Department to discuss appropriate language. In any case, the language for a restricted gift should include the following sentence:
"If it shall at any time be impractical to apply this gift as I have directed, Memorial Hospital shall have the discretion to apply this gift to other needs which conform as closely as possible to my intent."
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 illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.