Wills and Revocable Trusts
A charitable bequest, made through a Will or Revocable Living Trust, is the most popular type of estate gift. Bequest gifts are flexible, fairly easy to arrange, and perhaps most importantly, they allow you as a donor to retain control of your assets during your lifetime.

To maximize flexibility, a donor can provide for a bequest gift to the Wichita Community Foundation in their Will or Living Trust but specify the purpose of the gift by means of a Letter of Intent. This strategy allows for change- change in charitable goals, change in marital status, etc. The donor is not bound by the choices he or she has made today. The Foundation allows Letters of Intent to be revised to the donor’s changing wishes at no charge.

Sample Language for Bequests

Naming the Wichita Community Foundation as a Beneficiary
In some cases, donors prefer to name the Community Foundation as a beneficiary of all or part of a financial arrangement such as a retirement plan, IRA, or life insurance policy. Such gifts can have several advantages. They are easy to make or modify, allow the donor to retain control of his or her assets during their lifetime, generally avoid the delays associated with probate, and are a very tax-wise way to give. Gifts to the Community Foundation are tax exempt and 100% of a donor's gift is put to work as they direct.  We encourage prospective donors to consult their legal and tax advisors regarding what will work best for them.

The Wichita Community Foundation encourages donors to seek professional legal, estate planning and financial advice before deciding on a particular gift arrangement.  Learn More