Bequests

If you plan to make a charitable gift by will, please think it through carefully. Then, meet with your attorney to discuss and update your will. Tell him or her exactly what you want to do. Be as clear as possible in describing what you want given to whom.

Let Us Know

We hope you’ll tell us when you have named PCHC in your will. We would very much like the opportunity to thank you for your generosity.

If you prefer to remain anonymous, your gift will be kept completely confidential. But, at the same time, recognition of your gift can encourage others to do the same. Whatever the case, we will honor your wishes, because we appreciate your support immensely.

Various Bequest Options

Here are eight generally accepted ways to make a bequest. You might discuss them with your attorney as you prepare to update your will.

Specific Bequest. This is a gift of a specific item to a specific beneficiary. For example, “I give my golf clubs to my nephew, John.” If that specific property has been disposed of before death, the bequest fails and no claim can be made to any other property. (In other words, John wouldn’t receive the value of the golf clubs instead.)

General Bequest. This is usually a gift of a stated sum of money. It will not fail, even if there is not sufficient cash to meet the bequest. For example, “I give $50,000 to my daughter Mary.” If there is only $2,500 cash in the estate, other assets must be sold to meet the bequest.

Contingent Bequest. This is a bequest made on condition that a certain event must occur before distribution to the beneficiary. For example, “I give $50,000 to my son, Joe, provided he enrolls in college before age 21.” A contingent bequest is specific in nature and fails if the condition is not met. (A contingent bequest is also appropriate if you want to name a secondary beneficiary, in case the primary beneficiary doesn’t survive you.)

Residuary bequest. This is a gift of all the “rest, residue and remainder;’ of your estate after all other bequests, debts and taxes have been paid. For example, you own property worth $500,000 and you intend to give a child $50,000 by specific bequest and leave $450,000 to a spouse through a residuary bequest. If the debts, taxes and expenses are $100,000 there would only be $350,000 left for the surviving spouse. You may prefer to divide your estate according to percentages of the residue (rather than specifying dollar amounts), to ensure that your beneficiaries receive the proportions you desire.

Restricted bequest. This is a gift for our general purposes, to be used at the discretion of our governing board. A gift like this does have conditions attached which can be set by you at the time of the bequest. Funds would be restricted to be used only as you have designated.

The previous items can apply in the case of bequests to individual heirs or bequests to charitable organizations.

The following items are special consideration when you plan a charitable bequest to help support the mission of PCHC.

Unrestricted bequest. This is a gift for our general purposes, to be used at the discretion of our governing board. A gift like this – without conditions attached – is frequently the most useful as it allows us to determine the wisest and most pressing need for the funds at the time of receipt. This is a gift given “in honor of” or “in memory of someone.” We are pleased to honor your request and have many ways to grant appropriate recognition.

Endowed bequest. This bequest allows you to restrict the principal of your gift, requiring us to hold the funds permanently and use only the investment income they generate. Creating an endowment in this manner means that your gift can continue giving indefinitely.

Please call the Executive Administrative Assistant at 401-444-0400 x3160 or send an email.

Many employers have a matching gift program that allows their employees to increase their personal gift to an organization. A donation by the employee resonates when the employer they work for makes a gift as well.

Matching Gift forms are generally distributed through your employers Human Resource office. At the time of your donation, or shortly after you make a donation to Providence Community Health Centers, you would need to complete your section of the matching gift application, send it along with your donation to Providence Community Health Centers. There, it will be completed by PCHC Executive Assistant signed, and returned to your employer with the appropriate documentation.

If your company has a product, image or service to market, please contact us to discuss the mutual benefits of building a partnership with a not-for-profit organization.

We welcome volunteers who can commit for a defined period of time and can help our staff better serve our patient community. From time to time, we need:

• Greeters, to welcome and assist incoming patients by directing them to the appropriate clinic or patient-services representative.
• Readers, to draw the attention of and occupy children waiting to be seen.
• Clerical support, to assist staff by providing back-up clerical support, such as copying and collating multi-page documents, implementing recruitment mailings, assisting with seasonal fund-raising activities, and doing research.

FILL OUT VOLUNTEER APPLICATION