Bequest By Will

A simple way to make a lasting gift to your community is to include a charitable bequest in your will to the Community Foundation of Southeast Kansas. This gift establishes a special fund that benefits the community forever and becomes your personal legacy of giving.


 

 

How it works

 

  • You include the Foundation in your will as a bequest.  Working with your attorney the Foundation can assist with recommended language and other specifics concerning your charitable intent.
     
  • You determine the type of fund you would like to establish with your gift.
     
  • Upon your death, we set up a special fund in your name, in the name of your
    family, or in honor of any person or organization you choose.
     
  • Your charitable gift is excluded from your assets for estate tax purposes.
     
  • The Foundation considers your charitable wishes and determines the areas of community need that would be most impacted by grants from your fund. The grants can be made anonymously if a donor prefers.
     
  • The Foundation handles all the administrative details.
     
  • Your gift can be placed into an endowment that is invested over time. Earnings from your fund are used to make grants addressing community needs. Your gift - and all future earnings from your gift - is a permanent source of community capital, helping to do good work forever.

States across the country are experiencing an unprecedented transfer of wealth as estates change hands from one generation to the next. By 2020 in Kansas alone the transfer of wealth is estimated to be $79 billion, and will increase to $598 billion by 2064.

Many people designate their entire estate to their children. Since more people leave the communities where they were raised much of the inherited wealth leave, too. The Keep 5 in Kansas campaign promotes capturing 5% of the estate wealth which could be up to $4 billion going back to communities.