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 Solomon Valley  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 Solomon Valley 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 Solomon Valley 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 Solomon Valley 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 Solomon Valley 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 785-534-1126 or contact our Affiliate Coordinator, Jessica Martin at 785-823-1800 at the Greater Salina Community Foundation.

Upcoming Events

Aug
1
Wed
all-day Grant Applications Due
Grant Applications Due
Aug 1 all-day
Applications are due for the Solomon Valley Community Foundation which include funding from the Dane G. Hansen Community Grant Fund.
Feb
1
Fri
all-day Grant Applications Due
Grant Applications Due
Feb 1 all-day
Applications are due for the Solomon Valley Community Foundation for funding from the Dane G. Hansen Community Grant Fund.
Aug
1
Thu
all-day Grant Applications Due
Grant Applications Due
Aug 1 all-day
Applications are due for the Solomon Valley Community Foundation which include funding from the Dane G. Hansen Community Grant Fund.

Recent News

Free Webinar: Looking Beyond Hansen for Funding

When communities are considering a large project such as a new community building or a new swimming pool, project planners may wonder where to go for funding. In Northwest Kansas, the Dane G. Hansen Foundation immediately comes to mind, but there are many other sources to consider for project support. Plus, grant applications to any funder are stronger when multiple funding sources are included. Learn more about alternative funding options during a one-hour webinar on Wednesday, June 6, 2018, at 6:30 p.m. “Looking Beyond Hansen for Funding” will be presented by Carol Sloper, grants coordinator for the Greater Northwest Kansas Community Foundation.[...]

Community foundation awards $51,851 in spring grants

The Solomon Valley Community Foundation awarded $51,851 during its spring grant cycle. Projects were funded through the Dane G. Hansen Community Grant Fund and the Community Impact Fund for Solomon Valley. The following organizations received funding: North Central Kansas Genealogical Society, $3,000.00 to make physical improvements at the Pioneer Cemetery in Glen Elder. Glen Elder State Park, $7,657 to create an educational center with artifacts, text, auditory and visual displays at the Waconda Visitor and Education Center. Pride of Kansas Football (Beloit Youth Football), $5,000 to purchase new equipment for the 2018 season, due to changing leagues. Beloit Elementary School, $4,591[...]