Bequest Language

pdficon_large.gif Printable Bequest Language

A gift to Millikin University can be included in your will

Such a gift, called a bequest, can be invested to generate income forever to benefit future generations of students. The income can be made available for general support of Millikin activities or can be restricted to support a particular need such as scholarships. A bequest is a generous and significant memorial.

A will permits you to specify now how property acquired during your lifetime is managed and distributed after your death. A will can specify how and when family members receive your resources. It can also clearly state how other individuals and organizations are to benefit from your philanthropic intentions. A will is an essential part of your financial plan because without a will the rest of your planning may be wasted effort.

When you prepare your will, please work with your attorney and consider a bequest to Millikin. Should you have no heirs or should you desire that Millikin University receive your entire estate (once probated), the language of a bequest can be as simple as:

I hereby give to Millikin University, a not-for-profit corporation located in Decatur, Illinois, 100% of my estate to be used as its board of trustees may deem advisable (or for a specified use) for the benefit of Millikin University.

Should you wish Millikin University to receive a percentage of your estate, with other percentages going to other charitable organizations, the language could read:

I hereby give to Millikin University, a not-for-profit corporation located in Decatur, Illinois, 50% of my estate to be used as its board of trustees may deem advisable (or for a specified use) for the benefit of Millikin University.

Should you wish to bequeath a specific dollar amount or specific property to Millikin University, the language could read:

I hereby give to Millikin University, a not-for-profit corporation located in Decatur, Illinois, the sum of $___________, (or specifically identified property) to be used as its board of trustees may deem advisable (or for a specified use) for the benefit of Millikin University.

Thank you for your consideration of making the ultimate commitment to Millikin University!

 

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