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772.287.5200
200 SE Hospital Ave.
P.O. Box 9010, Stuart, FL 34995

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Bequest Language

The following is intended to help you and your attorney in drafting a bequest that satisfies your individual interests.  

As you consult your attorney on the selection of appropriate wording to reflect your own goals and intentions regarding Martin Health, be sure the organization’s correct legal name appears in all final documents.

To assist you with this important process we offer some suggested bequest wording below.

Option 1: Percentage of estate for unrestricted purposes

I give, devise and bequeath to Martin Health Foundation, a not-for-profit organization located in Stuart, Florida, _____ percent (%) of the rest, residue and remainder of my estate as an unrestricted gift to be used at the discretion of the Board of Directors of the Martin Health Foundation for the general purposes of Martin Health System, located in Stuart, Florida and in accordance with Foundation policies. (Martin Memorial Health Systems dba Martin Health System; Martin Memorial Foundation dba Martin Health Foundation)

Option 2: Percentage of estate for specific purposes with an endowment provision

I give, devise and bequeath to Martin Health Foundation, a not-for-profit organization located in Stuart, Florida, _____ percent (%) of the rest, residue and remainder of my estate to establish the ____________________ENDOWED FUND. The principal of this fund shall be invested as part of Martin Health Foundation’s permanent endowment and in accordance with Foundation policies. The income therefrom is to be used by Martin Health System, located in Stuart, Florida, for____________________________________ (or to support patient care, nursing education, clinical research, etc.).  Contributions may be added to the fund at any time and unexpended income may be returned to the principal of the Fund. (Martin Memorial Health Systems dba Martin Health System; Martin Memorial Foundation dba Martin Health Foundation)

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 Foundation Board of Directors may redesignate the purpose for which the Fund’s income may be distributed, provided that the Fund shall continue to bear the name ________________ ENDOWED FUND and that the amended terms shall adhere as closely as possible to my original intent. (Martin Memorial Health Systems dba Martin Health System; Martin Memorial Foundation dba Martin Health Foundation)

Option 3: Specific amount for unrestricted purposes

I give, devise and bequeath to Martin Health Foundation, a not-for-profit organization located in Stuart, Florida, the sum of $_______ in cash or in-kind (or ________ shares of ________stock) to be used at the discretion of the Board of Directors of the Martin Health Foundation for the general purposes of Martin Health System, located in Stuart, Florida and in accordance with Foundation policies. (Martin Memorial Health Systems dba Martin Health System; Martin Memorial Foundation dba Martin Health Foundation)

Option 4: Specific amount for specific purposes 

I give, devise and bequeath to Martin Health Foundation, a not-for-profit organization located in Stuart, Florida, the sum of $_______ in cash or in-kind (or ________ shares of ________________stock) to be used for _____________________________________ at Martin Health System, located in Stuart, Florida and in accordance with Foundation policies. (Martin Memorial Health Systems dba Martin Health System; Martin Memorial Foundation dba Martin Health Foundation)
 
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 Foundation Board of Directors may redesignate the purpose to adhere as closely as possible to my original intent.

For questions or additional information, please contact:

Jessica J. McLain, MHA, CFRE
Vice President and Chief Philanthropic Officer
Martin Health Foundation
Post Office Box 9010, Stuart, FL 34995
Phone: 772-223-4921   Fax: 772-223-5633

 

A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE, WITHIN THE STATE, 1-800-HELPFLA, OR VIA THE INTERNET AT WWW.FLORIDACONSUMERHELP.COM.  REGISTRATION CH2312.  REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE.