Alumni Use Gift of Mineral Assets to Honor Late Mother’s Love of Kinkaid

For siblings Gail Wolf Orr ’81 and Bill Wolf ’83, attending The Kinkaid School was an essential chapter in their lives, preparing them well to meet life’s challenges and opportunities. That’s why they have made a gift of mineral assets from their late mother’s estate to support Kinkaid and its students for many years to come.

“My Kinkaid education prepared me well for college and beyond,” says Gail. “Several of my classmates are still my closest friends.”

When their mother, Lynn Rutland Rafferty, passed away, her estate included mineral assets that Gail and Bill decided would make a perfect way to honor their mother and support the school she valued so much.

“She placed a high value on quality education at all levels,” Gail says of her mother. “We chose to gift these assets because the mineral properties were going to be very difficult to divide. Making the gift to Kinkaid, the school that our mother loved and supported, was the ideal solution.”

After graduating from Kinkaid, Gail went on to earn her bachelor's degree from the University of Texas and an MBA degree from Thunderbird School of Global Management while Bill earned degrees from Amherst College and Harvard University. Gail and Bill urge their fellow alumni to consider making an estate gift to Kinkaid, including when mineral assets are involved.

“Gifting an asset directly from an estate gives beneficiaries the opportunity to accomplish two goals at once,” Gail says. “You will avoid splitting a relatively illiquid asset between heirs while supporting the future of Kinkaid.”