Sample Bequest Language


UNRESTRICTED GENERAL PURPOSES

An unrestricted bequest is for the general use of the College. An example of such a bequest is: "I hereby give to Missouri Valley College (Federal Tax ID 44-0545286) located at 500 E. College St., Marshall, MO 65340, the sum of $__________(or name a percentage of your estate) for the benefit of Missouri Valley College."

RESTRICTED GENERAL PURPOSES

Donors may restrict the use of their bequests. You may include additional wording (to the above example) to give more specific instructions as to how Missouri Valley College is to use your bequest. For example, you may specify that your bequest be used for student financial aid, a specific program or area, or another activity or project. You may also specify that your gift is to establish or supplement an endowment that will be used to provide perpetual support (Please note that there are minimum amounts to establish an endowment. Contact the planned giving office for more information).

RETIREMENT PLANS AND LIFE INSURANCE POLICIES BENEFICIARY

Donors may name Missouri Valley College as the beneficiary or contingent beneficiary of part or all retirement plan, life insurance policy, or other contractual benefit. The planned giving office can provide further information to help donors.

CHANGED CIRCUMSTANCES

It is recommended that restricted provisions be described as broadly as possible and that detailed limitations be kept to a minimum to enable the College to use the bequest despite changed conditions. Please consult with the planned giving office before drafting restricted provisions to ensure that they can be implemented according to your wishes.

The language given here is only suggested language and is meant to be used with the advice of your attorney.