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Sample Bequest Language
Please note that gifts of this nature should be carefully considered in relation to your comprehensive financial and estate plans. We strongly recommend that you consult an attorney in the preparation of your will and to supervise its execution so as to comply with your state requirements. The following are examples for illustration only.
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: "University of Missouri-Columbia."
Please contact us for our federal taxpayer identification number.
Bequests for Unrestricted Purposes
Unrestricted gifts are to be used for the greatest need at the time to be determined by the Board. A general unrestricted bequest is especially valued by us.
- For a bequest of securities, the possible language is: "I give to University of Missouri-Columbia all of my shares of XYZ stock or mutual fund to be used for the benefit of KBIA."
- For a bequest of cash, the possible language is: "I give to University of Missouri-Columbia (percent) of my estate, or (percent of the rest, residue and remainder) of my estate to be used for the benefit of KBIA."
If you want to specify the exact amount of the intended gift, the possible language is: "I give to University of Missouri-Columbia the sum of (Amount) to be used for the benefit of KBIA."
- Possible language is: "I give to University of Missouri-Columbia (percent) of my estate, or (percent of the rest, residue and remainder) of my estate to be used for the benefit of KBIA."
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 University of Missouri-Columbia all of the rest, residue, and remainder of my estate, to be used for the benefit of KBIA."
Bequests for Restricted Purposes
If you would like to honor a family member, a special person or 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.
If you already have a will
A codicil is a written change or amendment to a will. Click here for a printable copy of what a codicil would look like. Please remember to consult your attorney to make sure you are properly advised.
Thank you for remembering KBIA. Click here to return to Bequests.
For more information or a confidential discussion of your charitable options, please email or call the KBIA General Manager, Mike Dunn, at (573) 882-3431.