A bequest, which is a gift from your estate through your will or trust, is a simple way for you to support the Hospital in the future. Since it is not payable until after your lifetime, a bequest will not affect your current cash flow. You can leave a bequest to NewYork-Presbyterian by including the Hospital as a beneficiary of your will or in your revocable living trust. Bequests are flexible, they can be changed at any time, and just about any type of property may be donated through a will or trust.
Suggested Bequest Language
To make a bequest to NewYork-Presbyterian for the Hospital’s unrestricted purposes:
"I give, devise, and bequeath to New York-Presbyterian Fund, Inc., a Corporation created under the New York State Not-for-Profit Corporation Law and located in New York City, New York, (____% of my residuary estate or $____) to be used for the general corporate purposes of NewYork-Presbyterian Hospital as its Board of Trustees shall determine."
To make a bequest to the NewYork-Presbyterian/Columbia University Irving Medical Center campus:
"I give, devise, and bequeath to New York-Presbyterian Fund, Inc., a Corporation created under the New York State Not-for-Profit Corporation Law and located in New York City, New York, (____% of my residuary estate or $____) to be used for the general corporate purposes of NewYork-Presbyterian/Columbia University Irving Medical Center campus as its Board of Trustees shall determine."
To make a bequest to the NewYork-Presbyterian/Weill Cornell Medical Center campus:
"I give, devise, and bequeath to New York-Presbyterian Fund, Inc., a Corporation created under the New York State Not-for-Profit Corporation Law and located in New York City, New York, (____% of my residuary estate or $____) to be used for the general corporate purposes of NewYork-Presbyterian/Weill Cornell Medical Center campus as its Board of Trustees shall determine."
A Gift Through Your Will or Living Trust
You can make a bequest to the Hospital by including us in your will or living trust. If you would like to include a bequest in your charitable gift plan, you might consider the following options:
- General bequest—The Hospital receives a specific dollar amount.
- Specific property—The Hospital receives specific assets, such as named securities, a piece of real estate (such as a residence), or tangible personal property (e.g., artwork, antiques, coins).
- Residuary bequest—The Hospital receives all or a percentage of the remainder of your estate after the payment of general and specific bequests and estate-related expenses.
- Contingent bequest—The Hospital is given a bequest only in the event of the death of other beneficiaries.
You may also decide to sign a bequest pledge with the Hospital. This is an irrevocable agreement in which you pledge that the Hospital will receive a specific dollar amount from your estate. In exchange for your promise, you can receive recognition at the Hospital when you sign the pledge that is commensurate with the size of the future gift.
Please note that New York-Presbyterian Fund, Inc., is the entity to which we ask that all donations to the Hospital be made. The tax identification number for New York-Presbyterian Fund, Inc., is 13-3160356.
Note: As you consider any charitable gift plan, please consult with your tax or financial advisor to determine the tax/financial implications for you and your family. NewYork-Presbyterian does not provide legal or tax advice. This communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding tax-related penalties.