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Bequest Language

pdficon_large.gif Printable Bequest Language

Bequests to Wichita State University

A bequest to Wichita State University is a way of perpetuating a donor’s support for the role WSU plays in the lives of others. It also enables a donor to make a major gift that might not otherwise be possible. For many, an estate gift is the continuation of a lifetime of giving support to the University.

Through a bequest a donor may leave to WSU a specific dollar amount or may reserve for Wichita State all or a certain percentage of the estate after provisions for family members and other beneficiaries have been made. The donor may stipulate whether the bequest is for general support or for a specific purpose. A bequest may also be made in honor or memory of another individual.

In addition to cash and securities, bequests to WSU may include real estate, works of art, or other real property. The Wichita State University Foundation is the private fundraising entity for Wichita State University. Private gifts to Wichita State University are properly made through the Wichita State University Foundation. The WSU Foundation is a 501(c)(3) nonprofit organization, as defined by the Internal Revenue Service. Our tax identification number is 48-6121167. All gifts to WSU through the WSU Foundation are tax deductible to the full extent of the law.

Suggested Forms of Bequests

1. Outright bequest in a will

(a) Specific dollar amount:

"I bequeath the sum of $________ to the Wichita State University Foundation, Wichita, KS, to be used or disposed of as its board of directors in its sole discretion deems appropriate."

(b) Specific property

"I bequeath (DESCRIPTION OF PROPERTY) to the Wichita State University Foundation, Wichita, KS, to be used or disposed of as its board of directors in its sole discretion deems appropriate."

c) Share of, or entire residue of, estate:

"I devise and bequeath (all/or percent) of the remainder of my property to the Wichita State University Foundation, Wichita, KS, to be used or disposed of as its board of directors in its sole discretion deems appropriate."

2. Conditional or restricted bequest in a will

Insert the conditional language in one or more of the above provisions. For example:

"If my husband/wife does not survive me, I bequeath the sum of $________ to the Wichita State University Foundation, Wichita, KS, to be used or disposed of as its board of directors in its sole discretion deems appropriate."

If the gift to Wichita State University is for a restricted use, insert the restriction in place of the words "to be used or disposed of as its board of directors in its sole discretion deems appropriate." For example:

"I bequeath the sum of $________ to the Wichita State University Foundation, Wichita, KS, for the following use and purpose: (DESCRIPTION OF PURPOSE). If in the judgment of the board of directors of the Wichita State University Foundation it becomes impossible to accomplish the purposes of this gift, the income or principal may be used for such related purposes and in such manner as determined by its board of directors."

This information is not intended as professional legal or tax advice. When making or revising a will, a donor should obtain the assistance of an attorney. Staff in the WSU Foundation Office of Planned Giving will be pleased to work with you and your attorney to design an estate giving plan specifically tailored to your wishes. To ensure that your gift is used according to your wishes, please forward a copy of the section of your will relating to your gift to Wichita State to the Office of Planned Giving at the WSU Foundation.

All legal documents and/or gifts should be directed to: Wichita State University Foundation

Tax identification number: 48-6121167

For further information please contact: J. Michael Lamb
Vice President for Planned Giving
Wichita State University Foundation
1845 Fairmount
Wichita, KS 67260-0002
316-978-3804

 

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