Sample Clauses for Bequests

A donor may want to designate a gift under their will to be used for a specific purpose. In this case it would be appreciated if the donor includes a “power to vary” clause in the will.

Such a clause would allow the Cape Breton Regional Hospital Foundation to use the funds for other purposes in case it is no longer feasible to use the funds for designated purposes.

Specific Bequest, Unrestricted

I give to the Cape Breton Regional Hospital Foundation the sum of $_____________________

-Or-

I give to the Cape Breton Regional Hospital Foundation the sum of $________ to be applied by the Directors for such purposes as the Directors may deem appropriate

-Or-

I give to the Cape Breton Regional Hospital Foundation the sum of $____________ without imposing any restrictions upon the request

Specific Bequest, Restricted

I give to the Cape Breton Regional Hospital Foundation the sum of $_______ to be used for _____________.

(This type of bequest should include the “power to vary”)

Power to Vary:

If, at any point in time, the _______________ no longer takes place within the Cape Breton Regional Hospital, the Directors of the Cape Breton Regional Hospital Foundation reserve the power to redirect said funds to the area of greatest need, keeping in mind the original intent of the donor.

A donor may want to designate a gift under their will to be used for a specific purpose. In this case it would be appreciated if the donor includes a “power to vary” clause in the will.

Such a clause would allow the Cape Breton Regional Hospital Foundation to use the funds for other purposes in case it is no longer feasible to use the funds for designated purposes.

Residual Bequest

I give to the Cape Breton Regional Hospital Foundation all (or a stated percentage) of the residue of my estate for use as the Foundation may deem appropriate.

-Or-

I give to the Cape Breton Regional Hospital Foundation all (or a stated percentage) of the residue of my estate to be used for ________________.

(This type of bequest should include the “Power to vary”)

Contingent Bequest

If (name of primary beneficiary/ies)do/es not survive me, or shall die within thirty days from the date after my death, I give to the Cape Breton Regional Hospital Foundation __________ (describe amount, or percentage of residual estate). A contingent bequest can also be stated as a specific bequest.

(This type of bequest should include the “Power to vary”)

Power to Vary:

If, at any point in time, the _______________ no longer takes place within the Cape Breton Regional Hospital, the Directors of the Cape Breton Regional Hospital Foundation reserve the power to redirect said funds to the area of greatest need, keeping in mind the original intent of the donor.