By including ValleyCare Charitable Foundation in your will or estate plans, you can create a legacy of care.
A gift by will or estate plan—often called a bequest—is a simple and fully revocable gift that you establish today and update, as needed, over time. A bequest may also help you to reduce or avoid estate taxes and meet other important financial and philanthropic goals. Bequests are gifts enacted at the end of our lives but shaped by our values and dreams today. For many of us, a bequest is one of the most meaningful gifts we can make in our lifetimes.
If you choose to include ValleyCare Charitable Foundation (VCCF) in your plans, we look forward to welcoming you to the VCCF Legacy Society, created to honor visionary donors like you. Anonymous members are also welcome.
Below are common types of bequests and related giving options, with sample wording to help you and your advisors discuss the best options for your needs and goals. We strongly encourage you to discuss these options with your own qualified advisors.
A bequest may be expressed as a specific sum, a particular asset, a percentage of your estate, or a contingency provision. Below are some common forms of bequests and sample provisions.
Unrestricted bequests are particularly important to VCCF, because they can be applied to the greatest need when they are received. As healthcare and community needs continue to evolve, unrestricted bequests help us plan for the future, including funding operations and important core services, as well as unforeseen needs and opportunities.
Sample wording for an unrestricted bequest to VCCF:
“I give, devise, and bequeath to ValleyCare Charitable Foundation (VCCF), a California nonprofit corporation located in Livermore, California, the sum of $_______ [or fixed percentage, a specific asset, etc.), for its general purposes.”
If you wish to create a bequest for a specific purpose, such as the cancer program or the Emergency Department, please contact us to ensure that VCCF can fulfill your plans according to your wishes.
Sample wording for a bequest designated to a specific purpose:
“I give, devise, and bequeath to ValleyCare Charitable Foundation (VCCF), a California nonprofit organization located in Livermore, California, the sum of $_______ [or percentage, a specific asset, etc.], to be used for the following purpose: [state specific purpose]. If, in the judgment of the Trustees of VCCF, it is impossible or impracticable to carry out exactly the designated purpose, they shall determine an alternative purpose, giving consideration to the original purpose.”
Sample wording for a residuary bequest (after other terms of your will have been satisfied):
“All the rest, residue, and remainder of my estate, both real and personal, I give, devise, and bequeath to ValleyCare Charitable Foundation (VCCF), a California nonprofit organization located in Livermore, California, for its general purposes.”
Sample wording for a contingency bequest (if a named beneficiary does not survive you):
“I give, devise, and bequeath the residue of the property, real and personal and wherever situated, owned by me at my death, to [name of beneficiary], if [s/he] survives me. If [name of beneficiary] does not survive me, I devise and bequeath my residuary estate to ValleyCare Charitable Foundation (VCCF), a California nonprofit organization located in Livermore, California, for its general purposes.”
OTHER GIVING OPTIONS TO CONSIDER
- Make VCFF a beneficiary of your retirement plan or life insurance policy. Naming VCCF a beneficiary of your retirement plan or life insurance policy is often as simple as completing a Change of Beneficiary Form from your plan administrator, naming VCCF as a remainder beneficiary. Like bequests, beneficiary designations are simple to implement and are fully revocable.
- Use a codicil to add VCCF to your existing plans. A codicil is a simple instrument that allows you to add a beneficiary to your plans without re-drafting your full will or estate plan. We are happy to provide you and your advisors with a sample codicil, upon request.
- Include VCCF as a beneficiary of your trust. The sample provision language given above may be helpful in creating a gift through your individual, family, or charitable trust.
Thank you for considering ValleyCare Charitable Foundation for a bequest. Please contact Shaké Sulikyan, Executive Director, at (925) 373-4560 or email@example.com, with questions or to notify us of your plans.
The tax identification number of ValleyCare Charitable Foundation is 94-2941652.