Billings Clinic
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Giving Through Your Will

A bequest is simple and convenient. You have a number of options.

You can make a bequest for a specific dollar amount or for a percentage of your estate. You can designate your bequest for general use or you can restrict its use. This bequest enables you to make a significant gift to Billings Clinic that carries on your legacy of support long after you are gone. Bequests can take various forms. The following are some examples of types of bequests:

Specific bequests are used to make a gift of a specific dollar amount or specific assets, such as securities, real estate, or personal property.

Residuary bequests are used to give all or a portion of the rest, residue, and remainder of your estate after payment of expenses and any specific amounts designated to other beneficiaries.

Including Billings Clinic in your will

The following includes several examples of suggested bequest wording to benefit Billings Clinic.

Each individual situation is unique and, therefore, these examples include only some of the possible gift opportunities. We encourage you to share your final will provision with Billings Clinic to ensure that your wishes will be properly followed and recognized.

Percentage of estate for unrestricted purposes

"I give, devise, and bequeath to Billings Clinic, a Montana charitable corporation located in Billings, Montana the sum of ____ dollars ($___) (or percentage of the residue of my estate) or (other personal or real property appropriately described) to be used for ____ (or as its Board of Directors shall deem advisable) to best promote the institution's objectives and mission."

Percentage of estate for specific purposes

"I give, devise, and bequeath to Billings Clinic, a Montana charitable corporation located in Billings, Montana the sum of ____ dollars ($___) (or percentage of the residue of my estate) or (other personal or real property appropriately described) to be used for ____.  If the CEO of Billings Clinic determines that it is not feasible or economical to use the gift for the purpose stated above, the gift may be used for such exempt purposes of Billings Clinic as the CEO and/or Foundation Board of Directors directs."

Specific amount for unrestricted purpose

 "I give, devise, and bequeath to Billings Clinic, a Montana charitable corporation located in Billings, Montana the sum of $ ____ in cash or in-kind (or _____ shares of _____ stock) to be used at the discretion of the Billings Clinic Foundation Board of Directors for the general purposes of Billings Clinic. "

 Specific amount for specific purposes

"I give, devise, and bequeath to Billings Clinic, a Montana charitable corporation located in Billings, Montana the sum of        $ ____ in cash or in-kind (or _____ shares of _____ stock) to be used for ______________________________ at Billings Clinic."

 If circumstances should at some time in the future make it impractical to continue using the income from the Fund for the purpose designated, then Billings Clinic Foundation Board of Directors may redesignate the purpose to adhere as closely as possible to my original intent."

To assist you with your plans, Billings Clinic can provide sample language for the program or area you wish to support. Some of our donros like to name a specific fund or create an endowed fund to honor or memorialize someone special or to support something specific.

Designating the purpose of a bequest

Unrestricted: The most useful type of bequest is unrestricted, allowing the funds to be allocated by Billings Clinic wherever the need is greatest.

Restricted: You may designate your bequest to support a special program or purpose that reflects your personal interest.

If the bequest is restricted to a specific purpose, it is important that the following wording be added at the end of the provision. This will ensure that, in the remote possibility a specified purpose may cease to need funds in the future, an alternate use for the bequest may be determined.

"....for so long as the Billings Clinic Foundation Board of Directors determines that the need exists. Should the need no longer exist, said Board of Directors may, in its sole discretion, direct the use of my bequest for a purpose related as closely as possible to that stated above."

Please let us know if you have named the Foundation as a beneficiary in your will so that we may properly thank you.

For more information contact: Amberly Pahut, Senior Development Director at apahut@billingsclinic.org

Back to Planned Giving Main Page


Montana Endowment Tax Credit
The Montana Endowment Tax Credit offers incentives for Montanans who make a planned gift to endowed funds.          Learn more.

Location
Billings Clinic Foundation
P.O. Box 31031
2917 10th Avenue North
Billings, Montana 59107-1031
Contact
Email us or call 406-657-4670
1-800-332-7156

The Foundation manages over 70 funds to support Billings Clinic and health care initiatives throughout our community.
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