Giving Through an Estate Plan Is a Simple Way to Provide Future Support
Founded with a commitment to public health in 1829, the hospital, now called Regional Medical Center, has conquered many medical challenges over the years from cholera, yellow-fever epidemics, and widespread influenza, to HIV/AIDS. Today, the three-hospital system of Regional One Health cares for the region’s most critically injured patients at the Elvis Presley Memorial Trauma Center and the Firefighters Regional Burn Center. At the Sheldon B. Korones Newborn Center, tiny babies born prematurely with life-threatening complications are given a healthy chance at life.
In 1986, fans of the late Elvis Presley made a generous $50,000 gift to the hospital, effectively establishing the former MED Foundation, now Regional One Health Foundation. With this initial gift and the countless others that followed, the Foundation has contributed philanthropic support for vital projects, such as purchasing state-of-the-art, lifesaving equipment and providing medical training for half of Tennessee’s practicing physicians.
With the help of generous donors, Regional One Health Foundation will continue to preserve and advance the tradition of excellence set by Regional Medical Center.
In addition to making a one-time cash gift, there are a number of ways to support the future of Regional One Health. These options – called planned gifts – can take many forms but the simplest way is through a gift in your will.
In addition to filling an important role in providing for the future security of your family and loved ones, your will or living trust can offer a way to leave a legacy of generous support through a thoughtful charitable gift. A convenient way to give, planned giving can be as simple as adding a provision or amendment prepared by your attorney at the time you make or update your will or trust.
To make a charitable gift through your estate plan, you can include a gift in your will or living trust, stating that a specific asset, certain dollar amount or percentage of your estate will pass to Regional One Health Foundation at your death.
- A gift of a specific amount may be designated for general use or a special need such as medical equipment or patient care support funds.
- Stocks, bonds and real estate are examples of properties that can be used to fund charitable bequests.
- Designating a percentage of your will after all your specific bequests have been fulfilled is another example to consider in making a charitable bequest.
It is advisable to contact a qualified attorney to help you achieve your estate planning goals.
To learn more about including Regional One Health Foundation in your will or living trust and other options for supporting its healing mission, contact Regional One Health Foundation here or at 901.545.6006.