Sample Language for Wills and Trusts

Bequests are the most frequent type of planned gift made to charity. The estate receives a charitable deduction for the full amount given, so heirs pay no estate tax on the gift.

To assist you in including a gift to the Foundation in a will or trust, sample language is provided below.

Sample Language for an Unrestricted Charitable Bequest

The following four types of bequests direct a gift to the Washington County Community Foundation. This language is all that is needed for unrestricted gifts to the Foundation.  Unrestricted gifts allow for the greatest flexibility in serving the needs of the community, as community needs are always changing.

• Percentage: “I give, devise and bequeath to the Washington County Community Foundation, an affiliate of the Greater Salina Community Foundation, a nonprofit corporation of the State of Kansas, ____% of my estate.”

• Specific: “I give, devise and bequeath to the Washington County Community Foundation, an affiliate of the Greater Salina Community Foundation, a nonprofit corporation of the State of Kansas, 1) The sum of $___________.” 2) __________ shares of stock in ________________Company.”, 3) my real property commonly known as _________________.”

• Residual: ” I give, devise and bequeath to the Washington County Community Foundation, an affiliate of the Greater Salina Community Foundation, a nonprofit corporation of the State of Kansas, all the residue of my estate, including real personal property.”

• Contingent: “In the event of the death of any of the beneficiaries, I give, devise and bequeath to the Washington County Community Foundation, an affiliate of the Greater Salina Community Foundation, a nonprofit corporation of the State of Kansas, (percentage, specific, or residual language as  above).”

Sample Language for Charitable Bequest to an Existing Fund

A bequest may also benefit one or more existing funds, using the  language above, but by adding: “to be added to the (name of fund or  funds).”  If more than one fund is included, the language might include a breakdown of the percentage to allocate to each fund.

To see our current funds, scroll through the different fund types on the home page slider.

Sample Language for Charitable Bequest to Create a New Fund

A bequest may also set up a new named fund, using language outlined below. To ensure that the donor’s intent is followed, the Foundation recommends that requests include a notation in the will or trust, as well as a completed fund agreement with specifics about the fund the donor wishes to establish. Fund agreements for each or the following funds are available by contacting the Foundation office. By including the specifics of the fund in a separate agreement, donors have the benefit of changing the details of the fund without redrafting the will or trust document.

  • Donor Advised Fund:   “to establish the (choose name) Donor Advised fund, per a fund agreement on file.”
  • Scholarship Fund:   “to establish the (choose name) scholarship fund, per a fund agreement on file.”
  • Field of Interest Fund:   “to establish the (choose name) fund per a fund agreement on file.”
  • Designated Funds: (to provide support to a specific organization or organizations) “to establish the (choose name) designated fund, per a fund agreement on file.”

Descriptions of these funds can be found on our home page by clicking through the sliders.

We are happy to assist you with the creation of a fund agreement.  Simply call us at 785-325-2022 or contact our Affiliate Coordinator, Katy Kitchen at 785-823-1800 at the Greater Salina Community Foundation.

 

Recent News

2019 Year-End Giving Information

Year-End Giving Information Your gift by checkDate your check on or before December 31, 2019, and mail via U.S. Postal Service with a postmark on or before December 31st. Gifts made by check that are mailed through the U.S. Postal service with a postmark and check date before December 31, 2019 will be counted for 2019 regardless of when they arrive at the Foundation. The address for mailing, shipping, or hand-delivery of your check: Greater Salina Community Foundation119 W Iron, 8th FloorPO Box 2876Salina, KS 67402-2876 Your gift of securities (stocks, bonds, mutual funds) Contact your broker early to determine the processing time necessary to complete[...]

Washington County Community foundation awards over $3,000 in fall grants

Washington County Community foundation awards over $3,000 in fall grants WASHINGTON, Kan.— During its fall grant cycle, the Washington County Community Foundation awarded over $3,000 to four projects throughout Washington County. The following organizations received funding:• Pawnee Mental Health Services, Inc., $1,500 to support the cost for four Washington County children with Serious Emotional Disturbances to participate in Pawnee Mental Heath's annual S.T.A.R.S. Camp.• Linn Community Nursing Home, $639 to purchase and install an Automated External Defibrillator.• Washington County Senior Citizens Services, $789 to replace outdated equipment in the Friendly Corners kitchen.• USD 108, $500 to continue the “Snack from the[...]