Planned Giving

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Southwest Initiative Foundation's Bequest Language

One easy and cost-effective way to support southwest Minnesota is to leave a bequest in your will, living trust or with a codicil-naming Southwest Initiative Foundation or any of our partner funds. This approach allows you to continue to use the property during your lifetime. And, because most bequests are revocable, your gift is flexible and can be changed any time you wish. Plus, you can leave a lasting legacy and support the cause or causes most important to you.

You can designate that your bequest be used for our regional mission or for a specific purpose, like one of our local funds you may already be supporting each year. The goal of your gift is important to us, so we ask that if you are naming a local fund, please let us know to ensure we can document your wishes.

Beyond that, there are several types of bequests and pros/cons of each, and you should speak with your attorney to determine the best one for you. You can click each link below for some sample bequest language for each type.

TYPES OF BEQUESTS AND SAMPLE LANGUAGE

  1. Specific Bequest. A specific bequest involves making a gift of a specific asset, such as farmland, securities, cash or other property you own. For example, you may wish to leave your farm or 100 shares of publicly-traded securities or $10,000 in cash. All of these are considered specific bequests.
    • Specific Dollar Amount
      • Unrestricted Bequest ►

        I hereby give, devise and bequeath $__________ and No/100 dollars ($DOLLARS) to Southwest Initiative Foundation, a nonprofit organization located at 15 3rd Ave. NW, Hutchinson, MN 55350, Federal Tax ID #41-1555592, for SWIF's general use and purpose.

      • Restricted Bequest ►

        I hereby give, devise and bequeath $__________ and No/100 dollars ($DOLLARS) to Southwest Initiative Foundation, a nonprofit organization located at 15 3rd Ave. NW, Hutchinson, MN 55350, Federal Tax ID #41-1555592, to be added to the __________ Fund for its endowment fund.

    • Specific Personal Property
      • Unrestricted Bequest ►

        I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Southwest Initiative Foundation, a nonprofit organization located at 15 3 rd Ave. NW, Hutchinson, MN 55350, Federal Tax ID #41-1555592, for SWIF's general use and purpose.

      • Restricted Bequest ►

        I hereby give, devise and bequeath DESCRIPTION OF PROPERTY to Southwest Initiative Foundation, a nonprofit organization located at 15 3 rd Ave. NW, Hutchinson, MN 55350, Federal Tax ID #41-1555592, to be added to the __________ Fund for its endowment fund.

    • Specific Real Estate
      • Unrestricted Bequest ►

        I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Southwest Initiative Foundation, a nonprofit organization located at 15 3 rd Ave. NW, Hutchinson, MN 55350, Federal Tax ID #41-1555592, for SWIF's general use and purpose.

      • Restricted Bequest ►

        I hereby give, devise and bequeath all of the right, title and interest in and to the real estate located at ADDRESS OR DESCRIPTION OF PROPERTY to Southwest Initiative Foundation, a nonprofit organization located at 15 3 rd Ave. NW, Hutchinson, MN 55350, Federal Tax ID #41-1555592, to be added to the __________ Fund for its endowment fund.

  2. Percentage Bequest. Another kind of bequest involves leaving us a specific percentage of your overall estate. For example, you may wish to leave 10 percent of your estate to Southwest Initiative Foundation or any of our partner funds.
    • Unrestricted Bequest ►

      I hereby give, devise and bequeath _____ percent (_____%) of my total estate, determined as of the date of my death, to Southwest Initiative Foundation, a nonprofit organization located at 15 3rd Ave. NW, Hutchinson, MN 55350, Federal Tax ID #41-1555592, for SWIF's general use and purpose.

    • Restricted Bequest ►

      I hereby give, devise and bequeath _____ percent (_____%) of my total estate, determined as of the date of my death, to Southwest Initiative Foundation, a nonprofit organization located at 15 3rd Ave. NW, Hutchinson, MN 55350, Federal Tax ID #41-1555592, to be added to the __________ Fund for its endowment fund.

  3. Residual Bequest. A residual bequest is made from the balance of an estate, after the will or trust has given away each of the specific bequests. In other words, a residual bequest takes care of whatever might be left over or not accounted for. A common residual bequest involves leaving a percentage of the residue of the estate. For example, you may wish to leave 50 percent of the residue of your estate to Southwest Initiative Foundation or any of our partner funds.
    • Unrestricted Bequest ►

      I hereby give, devise and bequeath to Southwest Initiative Foundation, a nonprofit organization located at 15 3rd Ave. NW, Hutchinson, MN 55350, Federal Tax ID #41-1555592, ALL OR XX PERCENTAGE of the rest, residue and remainder of my estate to be used for SWIF's general use and purpose.

    • Restricted Bequest ►

      I hereby give, devise and bequeath to Southwest Initiative Foundation, a nonprofit organization located at 15 3rd Ave. NW, Hutchinson, MN 55350, Federal Tax ID #41-1555592, ALL OR XX PERCENTAGE of the rest, residue and remainder of my estate to be added to the __________ Fund for its endowment fund.

  4. Contingent Bequest. A contingent bequest is made to charity only if the purpose of the primary bequest cannot be met. For example, you might leave specific property, such as a farm or cabin, to a relative-but the bequest language could provide that if the relative is not alive at the time of your death, the asset will go to Southwest Initiative Foundation or any of our partner funds.
    • Unrestricted Bequest ►

      If __________ (name of primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Southwest Initiative Foundation, a nonprofit organization located at 15 3rd Ave. NW, Hutchinson, MN 55350, Federal Tax ID #41-1555592, DESCRIPTION OF PROPERTY for SWIF's general use and purpose.

    • Restricted Bequest ►

      If __________ (name of primary beneficiary) does not survive me, then I hereby give, devise and bequeath to Southwest Initiative Foundation, a nonprofit organization located at 15 3rd Ave. NW, Hutchinson, MN 55350, Federal Tax ID #41-1555592, DESCRIPTION OF PROPERTY to be added to the __________ Fund for its endowment fund.

CONTACT US

Please contact us if you have questions about how to make a bequest to Southwest Initiative Foundation or any of our partner funds-or, request additional information that might be helpful to you and your attorney as you consider your estate plan.

If you have already included a bequest for SWIF or any of our partner funds in your estate plan, please contact us to let us know. We would like to document your intention to ensure we get it right-and thank you for your gift.

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