A Will Bequest is the most popular form of a planned, estate, or transformational gift to one's beloved charity. It is also one of the easiest gifts to establish.
Bequests may be in the form of cash, securities, real estate, or other property. You can specify that Salemtowne Retirement Community is to receive a certain percentage or amount of your estate; in the whole, in part, or the remainder of your estate after providing for heirs.
We encourage you to share your final will provision with us to ensure that your wishes will be properly followed and recognized. To discuss making a will bequest or for assistance in drafting language, please contact our Director of Development.
The following includes examples of suggested will bequest wording to fulfill your wishes by benefiting Salemtowne Retirement Community and its residents.
Bequest - For Unrestricted Purposes
I hereby give, devise, and bequeath to Moravian Home Incorporated, dba Salemtowne Retirement Community, a not-for-profit organization located in Winston-Salem, North Carolina, _____ percent (%) or _____ amount ($) of the rest, residue, and remainder of my estate as an unrestricted gift to be used in the area of greatest need at the time the gift is received, as determined by the Board of Trustees of Salemtowne.
I may choose at a later date to enter into a separate agreement between myself and Salemtowne related to the use of this gift and would request that the Board of Trustees of Salemtowne utilize the gift in accordance with the terms of that agreement.
Bequest - For a Specific Purpose
I hereby give, devise, and bequeath to Moravian Home Incorporated, dba Salemtowne Retirement Community, a not-for-profit organization located in Winston-Salem, North Carolina, _____ percent (%) or _____ amount ($) of the rest, residue, and remainder of my estate to establish the _________________________ Endowment Fund. The principal of this Fund shall be invested as part of Salemtowne's permanent endowment and in accordance with its policies. The income therefrom is to be used by Salemtowne, located in Winston-Salem, North Carolina, for __________________________________ (describe Fund's specific purpose. For example, Resident Financial Assistance). Contributions may be added to the Fund at any time.
If changed circumstances should at some future time make it impractical to continue using the income from the Fund for the purpose designated, then the Salemtowne Board of Trustees may redesignate the purpose for which the Fund's income may be distributed, provided that the Fund shall continue to bear the name ________________ Endowment Fund, and that the amended terms shall adhere as closely as possible to my original intent.