Bequests

You can make a provision in your will or living trust that directs a portion of your estate to a named beneficiary, such as Agrace HospiceCare. A bequest offers the following benefits:

• You make a major gift while preserving these assets during your life.
• You reduce your federal estate taxes.
• You leave a legacy of goodwill to your family and community by designating your gift to Agrace.

Cash, securities, real estate and tangible personal property, such as works of art, may be willed to Agrace through your estate. There are several ways to gift bequests and specific language that needs to accompany these different gifts in your will:

Unrestricted Gift: A gift that can be used where need is greatest
I give to Agrace HospiceCare Foundation Inc., a nonprofit, nonstock Wisconsin corporation with its principal office in Fitchburg, Wisconsin, the sum of $_________,* as an unrestricted gift to be used in the area of greatest need.

Gift for a Specific Purpose:  A gift that is to be used for a specific purpose (a minimum gift of $10,000 is required)
I give to Agrace HospiceCare Foundation Inc., a nonprofit, nonstock Wisconsin corporation with its principal office in Fitchburg, Wisconsin, the sum of $_________,* to be used for [state purpose]. (When considering gift for a specific purpose, please contact Agrace at (608) 327-7139 to discuss opportunities that will help us to carry out your wishes for the gift)

General Endowment Gift:  A gift that lasts in perpetuity
I give to Agrace HospiceCare Foundation Inc., a nonprofit, nonstock Wisconsin corporation with its principal office in Fitchburg, Wisconsin, the sum of $_________,* to be given to the general endowment fund, the annual distribution from which, in accordance with the endowment policies in effect from time to time at Agrace HospiceCare Foundation Inc., shall be used in the area of greatest need.

Residuary Gift:  Leaves any remainder of your estate (after other gifts have been made) to HospiceCare
I give the rest, residue, and remainder of my estate to Agrace HospiceCare Foundation Inc., a nonprofit, nonstock Wisconsin corporation with its principal office in Fitchburg, Wisconsin, to be used in the area of greatest need.

Safety Language:  Language added to any restricted gift
In the event the purpose of any restriction in the forgoing gift becomes obsolete, inappropriate, or impracticable, as determined by the board of directors of Agrace HospiceCare Foundation Inc., such board of directors shall designate an alternative use for such gift without court approval, which shall follow as closely as reasonably practicable my intent as set forth in the foregoing provision.