In as little as one sentence in your will or living trust, you can provide a long-term gift to the Wichita Children’s Home. With this simple and popular type of gift, there is flexibility to change your will in the event that life circumstances change. Including WCH in your will, by giving a specific amount or a percentage of your estate, is a gift that costs nothing in your lifetime. You can also honor a loved one by leaving a gift to WCH in your will in memory or in honor of a family member or significant person in your life.

Making a gift in your will for the Wichita Children’s Home can be funded by cash, retirement plans, life insurance policies, highly valued stock, real estate, and tangible personal property. To make a gift to the Wichita Children’s Home in your will or trust, you may include the sentence:

“I give to the Wichita Children’s Home, a nonprofit organization currently located at 7271 E. 37th St. N., Wichita, KS 67226, Federal Tax ID #48-0547706, _________________ [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.”

An Example of How This Works:

When Tom and Marcie had their first child, they created a will that included a $5,000 gift to the Wichita Children’s Home. As their family grew larger, they decided to revise their gift to provide for their children’s future financial security. Tom and Marcie met with their attorney and edited the gift language so that WCH would receive a percentage of their estate, instead of a specific amount. Tom and Marcie now rest easily, knowing that their plans for the future will help their family and charitable work they love.

Next Steps:

1. Contact Kim Pennington, Development Officer, at (316) 681-6702 or kimpennington@wch.org for additional information on making a gift in your will or to chat about the different options for including WCH in your estate plan.
2. Talk to your attorney or financial advisor for advice.
3. If you include WCH in your plans, please use our legal name and tax ID, and please let us know so we can thank you and recognize your generous gift.

Legal name: Wichita Children’s Home
Address: 7271 E 37th St N, Wichita, KS 67226
Tax ID: 48-0547706

If you have a life insurance policy that you no longer need because of a change in your life circumstances, you can give a paid-up policy to the Wichita Children’s Home or even a policy on which you are still paying premiums. You can irrevocably name WCH as the owner and beneficiary of your life insurance policy, which is a popular way to make an extraordinary gift at a modest cost. If you own the policy on your own life, you may receive the value of the policy out of your taxable estate.

An Example of How This Works:

John had participated in several Wichita Children’s Home events throughout his life, but he became more aware of WCH’s services after his father passed away and he and his daughters went through the Kidzcope program to heal. As his father had left him an inheritance, John chose to give WCH his life insurance policy to help continue the work that supported his family in their grief. John still makes the required premium payments on the policy, which, in turn, benefits him with additional tax deductions. He also feels comforted knowing that his gift to WCH assists children—like his daughters—grieve and heal after the loss of a loved one.

1. Contact Kim Pennington, Development Officer, at (316) 681-6702 or kimpennington@wch.org to chat about how your life insurance policy can help support WCH’s mission.
2. Ask your financial or legal advisor for advice on this type of gift.
3. To give WCH your life insurance policy, please contact your policy administrator and use our legal name and federal tax ID. Please let us know of your gift so we can thank you and recognize your gracious gift.

Legal name: Wichita Children’s Home
Address: 7271 E 37th St N, Wichita, KS 67226
Tax ID: 48-0547706

If you are at least 70½ years old, giving directly from your IRA to a qualified charity like the Wichita Children’s Home allows you to make a difference today to an important cause and additionally save on taxes. The amount you choose to give (up to $100,000) will be put to use immediately at WCH, and you pay zero income taxes on this kind of transfer.

An Example of How This Works:

After a decade of volunteering with the Wichita Children’s Home following her retirement, Patricia, 74, decided she wanted to make a long-lasting financial contribution that would support WCH children beyond her lifetime. Patricia gave WCH $70,000 by rolling over funds from her IRA. The full amount was transferred to WCH because the gift is tax-free and was used immediately. Additionally, since the IRA transfer did not count as income for Patricia, she did not have to pay income taxes on her gift.

Next Steps:

1. Contact Kim Pennington, Development Officer, at (316) 681-6702 or kimpennington@wch.org to discuss using your IRA to support WCH and our mission.
2. Seek the guidance of your financial or legal advisor.
3. To include WCH in your plans, contact your IRA plan administrator to make a tax-free gift to the Wichita Children’s Home and use our legal name and federal tax ID. Please let us know of your gift so we can honor your goals (as many retirement providers assume no responsibility for letting nonprofits know of your intentions).

Legal name: Wichita Children’s Home
Address: 7271 E 37th St N, Wichita, KS 67226
Tax ID: 48-0547706

Giving appreciated stocks, bonds, or mutual fund shares can provide you with a large tax deduction and allow you to make a more generous gift to the Wichita Children’s Home than you may consider possible. By giving this type of gift, you can claim a federal income tax charitable deduction for the full, appreciated value of the securities (subject to certain limitations) and pay no capital gains tax on the transaction. Also, gifts of appreciated stocks allow you to invest in the safety, wellbeing, and futures of WCH children today or beyond your lifetime.

An Example of How This Works:

Longtime supporters Will and Carol purchased mutual fund shares when their children were young and watched the value of the shares grow for decades. At this stage in their life, Will and Carol have been considering the organizations and charities that have been important in their life and their community. They decided to give the Wichita Children’s Home several shares of their mutual funds. Will and Carol are delighted to give back to WCH and support a mission they love. They additionally benefit from this gift by receiving a charitable deduction worth the full cost of the mutual fund shares given to WCH.

Next Steps:

1. Contact Kim Pennington, Development Officer, at (316) 681-6702 or kimpennington@wch.org for additional information on giving appreciated securities and how they can help WCH’s mission.
2. Seek the advice of your attorney or financial advisor.
3. If you donate any of your appreciated securities to WCH, please use our legal name and tax ID, and please let us know so we can thank you and honor your intentions for your considerate gift.

Legal name: Wichita Children’s Home
Address: 7271 E 37th St N, Wichita, KS 67226
Tax ID: 48-0547706

If you are looking to give to the Wichita Children’s Home but desire to maintain ownership of your life insurance policy, retirement plan, or appreciated securities, naming WCH as a beneficiary for these accounts may be a good option for you. Also, by making us a beneficiary ensures that your gift is tax- exempt and WCH receives the full amount you determine. This type of gift can be made easily in three simple steps:

1. Contact your retirement plan administrator, life insurance company, bank, or financial institution for a change-of-beneficiary form.
2. Decide what percentage (1 to 100) that you would like us to receive. Name WCH and the percentage you choose on the beneficiary form.
3. Return the completed form to your plan administer, insurance company, bank, or financial institution.

An Example of How This Works:

Over the years, Martin and Joann have been so happy to financially support WCH and their children. They recently revised their will to leave stocks and real estate to their children. They decided to name WCH as a beneficiary of their IRA, leaving a certain percentage so that $25,000 would be transferred following their lifetimes. If Martin and Joann left this portion of IRA for their children, several thousand dollars would have gone to pay federal income taxes, but because WCH is tax-exempt, all of the $25,000 goes to help support WCH’s mission.

Next Steps:

1. Contact Kim Pennington, Development Officer, at (316) 681-6702 or kimpennington@wch.org for additional information on beneficiary designations and how they can help support the mission of WCH.
2. Talk to your attorney or financial advisor to learn which assets will/will not trigger taxable income when paid to a beneficiary.
3. If you name WCH as a beneficiary, contact your plan administer for a change-of-beneficiary form and use our legal name and tax ID. Please let us know so we can thank you and recognize your generous gift.

Legal name: Wichita Children’s Home
Address: 7271 E 37th St N, Wichita, KS 67226
Tax ID: 48-0547706

Giving through a donor advised fund, which is like a charitable savings account, gives you the flexibility to recommend how much and how often money is granted to the Wichita Children’s Home and other qualified nonprofit organizations. You can recommend a gift to WCH today or on a recurring basis (for example, monthly, quarterly, semi-annually, or annually) to help provide essential services to WCH’s children and youth. When you initially give through a donor advised fund, you receive a tax benefit, and it allows you to give back to the charitable work that is important to your life.

An Example of How This Works:

A few years ago, Andrew and Clara set up a $35,000 donor advised fund because they wanted to give back to their hometown by putting their money where it does the most good. After thoughtful consideration, Andrew and Clara decided to recommend annual grants for the Wichita Children’s Home and a few other organizations. The selected charities receive a check each year from their donor advised fund, and Andrew and Clara feel fulfilled and honored to live out their personal legacy of giving.

Next Steps:

1. Reach out to Kim Pennington, Development Officer, at (316) 681-6702 or kimpennington@wch.org to discuss using your donor advised funds to support the Wichita.Children’s Home and our mission.
2. Seek the advice of your financial or legal advisor.
3. If you include the Wichita Children’s Home in your plans, please use our legal name and federal tax ID, and please let us know so we can thank you for your generosity.