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Some individuals determine that the best way for them to
support the OEHF is through a bequest in
their will. There are three different types of bequests: specific,
residual, and contingent bequests. However, for each type
of bequest, the entire value of the bequest is eligible for
an estate charitable tax deduction.
Specific Bequest
In a specific bequest, the donor designates a particular
property (shares of stocks), dollar amount, or a percentage
of the estate to be transferred to the OEHF.
For example, “I give to the Occupational & Environmental
Health Foundation located in Arlington Heights, Illinois,
the sum of $________ , or _____% of, my estate; or the property
described herein for its general purposes.” You
may also designate the funds to go to either research or education,
including the Occupational Physicians Scholarship Fund (OPSF)
in lieu of “general purposes.”
Residual Bequest
A donor may request that all or a portion of the remaining
or residuary estate be transferred to the OEHF.
The residuary estate is what remains after all other beneficiaries,
as well as debts, taxes, and other expenses have been paid.
The will may read “All the rest, residue, and remainder
of my estate, both real and personal, I give to the Occupational
& Environmental Health Foundation located in Arlington
Heights, Illinois, to be used for (general purposes, research
or education, OPSF.).”
Contingent Bequest
A donor may designate all or a portion of his or her estate
to be transferred to the OEHF only if a named
beneficiary predeceases him or her. For example, “If
any of the foregoing bequests shall lapse, then I give to
the Occupational & Environmental Health Foundation located
in Arlington Heights, Illinois, such bequests as to which
ineffective disposition was made.” These bequests
can be directed to OEHF’s general purposes, research
or education or OPSF.
As with all charitable gifts, please consult your
attorney and financial advisors to assure that your wishes
are appropriately incorporated into your will.
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