Suggested Bequest Language

A bequest through your will or living trust is a popular and simple way to make a planned gift to Texas Children’s Hospital. You can leave a specific asset, a specific sum of money, a percentage of your estate, or what remains of your estate after you have provided for your loved ones and other interests. The following language may assist you and your attorney in making your bequest for Texas Children’s Hospital:

Unrestricted Bequest:
“I give and bequeath to Texas Children's Hospital, located in Houston, Texas (Tax ID No. 74-1100555), [a. the sum of $_____; b. ______% of my estate; c. the residue of my estate; or d. all of my interest in _______ (describe property)] to be used for its general purposes.”

Restricted Bequest*:
“I give and bequeath to Texas Children's Hospital, located in Houston, Texas (Tax ID No. 74-1100555), [ ___________ ] to be used in support of _________________."

Endowment Bequest*:
“I give and bequeath to Texas Children's Hospital, located in Houston, Texas (Tax ID No. 74-1100555), [ __________ ] to establish (or add to) the [Name of individual] Endowed Fund, in support of ________________.”

Contingent Bequest:
“I give and bequeath to my spouse, if he or she survives me, [ ___________ ]. If my spouse does not survive me, I give and bequeath to Texas Children's Hospital, located in Houston, Texas (Tax ID No. 74-1100555), [ ___________ ] to be used for its general purposes (or other purpose*).”

Honorary or Memorial Bequest:
“I give and bequeath to Texas Children's Hospital, located in Houston, Texas (Tax ID. No 74-1100555), [ ____________ ] to be used for its general purposes (or other purpose*) in honor/memory of _________________."

*If you would like to designate your bequest to support a specific area, department or endowment at Texas Children’s, please contact us for help determining language that will ensure the use is most in keeping with your wishes. Please note that the current minimum amount to establish a named endowed fund is $25,000.

©2016 Texas Children's Hospital | Texas Children's is affiliated with Baylor College of Medicine | Linking Policy | Terms of Use

Join the conversation

A charitable bequest is one or two sentences in your will or living trust that leave to Texas Children's Hospital a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Texas Children's Hospital, a nonprofit corporation currently located at Houston, TX, or its successor thereto, ______________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Texas Children's Hospital or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Texas Children's Hospital as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Texas Children's Hospital as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Texas Children's Hospital where you agree to make a gift to Texas Children's Hospital and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

First name is required
Last Name is required
Please include an '@' in the email address

eBrochure Request Form

Please provide the following information to view the brochure.

First name is required
Last Name is required
Please include an '@' in the email address