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KSU Foundation

Bequest Language

For your convenience, sample language for making gifts by will, trust, or beneficiary designation to the Kansas State University Foundation appears below. See your attorney or contact the Kansas State University Foundation, if you would like further suggestions about how to make your gift. 

The Kansas State University Foundation is a tax-exempt corporation under subsection 501(c)(3) of the Internal Revenue Service code. All gifts to the Kansas State University Foundation are approved deductions according to the schedules established under income tax regulations and are used for the benefit of Kansas State University. The Federal Identification Number for the Kansas State University Foundation is 48-0667209. 

Money:
I give and bequeath to the Kansas State University Foundation, Manhattan, Kansas, Federal Identification Number 48-0667209, a nonprofit corporation organized under the laws of the State of Kansas, the sum of $____ or percentage of ____%, to be used according to the Memo of Understanding on file with said organization OR for the general purpose of said Foundation

Securities:
I give and bequeath to the Kansas State University Foundation, Manhattan, Kansas, Federal Identification Number 48-0667209, a nonprofit corporation organized under the laws of the State of Kansas, the following described securities or other personal property _______________, to be used according to the Memo of Understanding on file with said organization OR for the general purposes of said Foundation

Real Estate:
I give and bequeath to the Kansas State University Foundation, Manhattan, Kansas, Federal Identification Number 48-0667209, a nonprofit corporation organized under the laws of the State of Kansas, the following described real property, _____________, situated in _________County, State of ___________, to use said property and the rents, income or proceeds arising there from or the proceeds of the sale thereof, to be used according to the Memo of Understanding on file with said organization OR for the general purposes of said Foundation

Life Insurance:
Life Insurance and annuity contracts, like any other property, can be given outright by naming the Kansas State University Foundation the owner and beneficiary of the policy. 

eBrochure Request Form

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A charitable bequest is one or two sentences in your will or living trust that leave to the KSU Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to the KSU Foundation, a nonprofit corporation currently located at Manhattan, KS, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to K-State or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset — such as real estate or stock — since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to K-State as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to K-State as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and K-State where you agree to make a gift to K-State and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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