By thoughtfully planning your gift, you can take care of yourself and support the next generation of South Carolinians so they survive and thrive.
Giving Through Your Estate
Make a significant and meaningful gift, for now and for years to come, by naming Welvista as a beneficiary in your will or living trust. By doing so, you help to ensure that our health care programs continue working to save and improve lives for South Carolina’s most vulnerable residents. You simply specify the assets being gifted to Welvista in your final wishes, like cash, securities, real estate, or other non-cash assets, or designate a percentage of your overall estate or the residual of your estate to be gifted.
Benefits
- Control—You retain ownership and control of your assets during your lifetime. They won’t pass to Welvista until your death.
- Revocable—You can change your bequest intentions at any time during your lifetime by modifying the language in your will or trust.
- Estate Tax Savings— Individuals who are subject to estate tax can benefit from having charitable provisions in their will or trust since assets distributed to charity at death are not subject to estate tax.
Sample Bequest Language
There are different kinds of bequests. For each, you must use specific language to indicate the direction of your assets and to successfully carry out your final wishes. Below are examples of how to indicate a general or undesignated gift to Welvista.
Bequest of Specific Amount: “I hereby give, devise, and bequeath ($ dollars) to Welvista, a nonprofit organization located at 121 Greystone Blvd., Columbia, SC 29210. Federal Tax ID #56-2034627.”
Bequest of Specific Asset: “I hereby give, devise, and bequeath (description of asset) to Welvista, a nonprofit organization located at 121 Greystone Blvd., Columbia, SC 29210. Federal Tax ID #56-2034627.”
Percentage Bequest: “I hereby give, devise, and bequeath (____%) of my total estate determined as of the date of my death, to Welvista, a nonprofit organization located at 121 Greystone Blvd., Columbia, SC 29210. Federal Tax ID #56-2034627.”
Residual Bequest: “I hereby give, devise, and bequeath all or a percentage of the rest, residue, and remainder of my estate to Welvista, a nonprofit organization located at 121 Greystone Blvd., Columbia, SC 29210. Federal Tax ID #56-2034627.”
Alternative Bequest
An alternative to a bequest from your estate is a gift from your Individual Retirement Account (IRA) or an insurance policy. You can name Welvista as a beneficiary of all or part of your IRA or policy. The gift will be made shortly after your death, avoiding the probate process that is required of the rest of your estate.
Declaration of Support Letter
If you have already included Welvista in your estate plan, please complete the form below and return to Welvista so that we may project future gifts to better help us save and improve lives today and in the future.
Declaration of Support [fillable PDF]
This page is intended to provide general gift planning information only. Welvista is not a source for legal, investment or tax advice. Rather, this page provides information that you can discuss with your attorney or financial advisor when considering your planned giving options. Examples of bequest statements are merely suggestions as to content and should be written or adapted by legal counsel to fit the contributor’s individual situation.
For general questions about making a planned or estate gift, please contact Joanna Weitzel, Director of Philanthropy, at 803-933-1924 or jweitzel@welvista.org.