Bequest gifts: All shapes and sizes

Creating a will or trust is an essential part of securing your legacy and your family’s future. A gift by will or a trust, otherwise known as a bequest, can be any shape and any size. What matters is that your gift fits you and your unique family and financial circumstances. Over the years, bequests have provided MUSC with invaluable support in our continued mission for better health.

Any shape

With a charitable bequest you can specify an amount of money or a certain percentage of your estate which your executor or personal representative is responsible to carry out. Or you can leave a specific piece of property, such as a piece of real estate. If you prefer, you can specify that your gift to the MUSC Foundation is made as a percentage (%) of the rest, residue, and remainder of your estate after all your other bequests are paid.

Any size

Sometimes people think bequest gifts have to be very large or that they must be rich to make one. Nothing could be further from the truth! MUSC has received bequest gifts of all sizes. As a state institution with limited resources, our excellence as a leader in health care for our state and region is only made possible through philanthropy. Even modest sized gifts make a difference. What matters is that you pick the size that works for you and for your family.

If you would like to remember MUSC in your will

Below is sample bequest language which you can share with your attorney:

Percentage Bequest:

“I hereby give, devise and bequeath ____ percent (%) of my total estate, determined as of the date of my death, to The Medical University of South Carolina Foundation, an independent, 501(c)(3) non-profit organization, for the future benefit of The Medical University of South Carolina (MUSC) and/or the Medical University Hospital Authority (MUHA), located at 18 Bee Street, MSC 450, Charleston, SC 29425, Federal Tax ID # 57-6028985." 

Residuary Bequest:

“I hereby give, devise and bequeath to The Medical University of South Carolina Foundation, an independent, 501(c)(3) non-profit organization, all or a ________ ____ percentage (%) of the rest, residue and remainder of my estate, for the future benefit of The Medical University of South Carolina (MUSC) and/or the Medical University Hospital Authority (MUHA), located at 18 Bee Street, MSC 450, Charleston, SC 29425, Federal Tax ID # 57-6028985." 

Specific Bequest:

“I hereby give, devise and bequeath $_____________ to The Medical University of South Carolina Foundation, an independent, 501(c)(3) non-profit organization, for the future benefit of The Medical University of South Carolina (MUSC) and/or the Medical University Hospital Authority (MUHA), located at 18 Bee Street, MSC 450, Charleston, SC 29425, Federal Tax ID # 57-6028985."

We can help

Please contact Dana Taylor, Director of Planned Giving, at tayldana@musc.edu or 843-792-3592, to learn how a charitable gift, can match your goals, values, and create a lasting legacy at MUSC.

Note: The Medical University of South Carolina Foundation, is an independent, 501(c)(3) non-profit organization, which provides for the future benefit of The Medical University of South Carolina (MUSC) and/or the Medical University Hospital Authority (MUHA).

This information is not intended to provide legal or financial advice, or to address specific situations. Please consult with your legal and tax adviser.