The simplest way to leave an estate gift to Millikin is to designate the University as a beneficiary in your will. Gifts can be a dollar amount, a percentgage, or the remainder of your estate. Since your bequest is not payable until after your lifetime, it will not affect your current cashflow. Bequests can be revoked or changed at any time.
As bequests may not be received by Millikin for many years, it is preferable that restrictions placed on your gift be as minimal as possible, in order to provide the University with maximum flexibility to see your generosity at work. However, Millikin is also grateful to receive bequests designated for specific departments or programs which are special to the donor.
Bequest language
It's easy to leave a gift to Millikin in your will. Here is some sample language for your consideration:
“I hereby give to Millikin University, a not-for-profit corporation located in Decatur, Illinois, ___% of my estate (or $__) (or remainder 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.”