Twenty Times Your Annual Gift
Dartmouth-Hitchcock Medical Center and Dartmouth Medical School
Many people feel a special connection to their favorite charities. At Dartmouth-Hitchcock Medical Center and Dartmouth Medical School some donate their time or a special skill. Some give faithfully to the Annual Fund. Others include Dartmouth in their estate plans. All of these gifts are important to our future, but only one can continue forever.
Have you ever wondered if it was possible to continue your Annual Fund giving forever? That question comes up from time to time, so we thought it would be helpful to let you in on a simple way to do just that.
Mr. and Mrs. Williams have supported the Annual Fund for over 25 years. Last year they donated $200 and asked if there was a way to continue this annual gift after their lifetimes. It had to be a simple strategy and one that could easily be added to their current wills.
The Gift Planning Office suggested that the Williams speak with their attorney about adding a new bequest to their current wills to achieve this goal. They indicated that the bequest amount should equal 20 times their desired annual gift. In this case, 20 times their $200 annual gift equals $4,000. The Williams followed through with the advice, and their attorney simply drafted a one-page codicil (amendment) to add this bequest to their wills.
After their deaths, the $4,000 bequest will then be added to Dartmouth-Hitchcock Medical Center’s or Dartmouth Medical School’s general endowment fund. If the endowment earns 5% per year, the $4,000 bequest will provide $200 annually - the desired gift amount. This annual income will continue forever, and possibly grow over time.
Bequests like this are common. They are simple to make and they last forever. For most donors the satisfaction that comes with knowing they are supporting medicine at Dartmouth in perpetuity is the greatest gift of all.
