Sample Bequest Language

• When including a bequest provision in your will, always use the full legal name and provide the federal taxpayer identification number.
• Our full, legal name is: "Millikin University."
• Our federal taxpayer identification number is: 37-0706154.

Bequests for Unrestricted Purposes
Unrestricted gifts are used for the greatest need at the time as determined by Millikin's Board of Trustees. For that reason, general unrestricted bequest is especially valued by us.

- For a bequest of securities, the possible language is: "I give Millikin University all of my shares of XYZ stock [or mutual fund] to be used for the benefit of Millikin University."

- For a bequest of cash, the possible language is: "I give to Millikin University the sum of (Amount) to be used for the benefit of Millikin University."

If you do not want to specify the exact amount or nature of the intended gift, perhaps because the size of your future estate is difficult to estimate, a proportional bequest is often the best way to accomplish your goals. You may wish to leave Millikin a percentage of the estate, or the residue of the estate after all other provisions have been met.

- Possible language is: "I give to Millikin University (percent) of my estate, [or (percent) of the rest, residue and remainder of my estate] to be used for the benefit of Millikin University."

Contingent Bequest
A contingent bequest takes effect only if the primary intention cannot be met (e.g. if the primary beneficiary does not survive the donor). This ensures that property will not be distributed to unintended beneficiaries.

- Possible language is: "If (name of primary beneficiary) does not survive me, or shall die during the administration of my estate, or as a result of a common disaster, then I give to Millikin University all of the rest, residue, and remainder of my estate, to be used for the benefit of Millikin University."

Bequests for Restricted Purposes
If you would like to honor a family member or a special person, or to provide support for a specific program or department that was meaningful to you, then you can designate your bequest specifically for that purpose. You simply use any form of the possible language included above, and replace "to be used for the benefit of [insert purpose or intent]" with the specific designation. Often specific guidelines govern the use of these types of funds. Therefore, we recommend that you contact us to discuss your restricted gift. We are here to help you as you plan.

Thank you for remembering Millikin University.