Ways to Give

There are several ways that individuals, corporations and foundations can provide financial support to benefit the Phi Kappa Psi Foundation. Gifts may be designated to help specific areas such as leadership programs or chapter scholarships or may be contributed without restrictions to assist where the need is greatest.

Each year, alumni and friends provide the Foundation with much needed financial assistance through outright gifts of cash, securities, or other properties, which offer immediate benefits to thousands of undergraduates and alumni; and deferred gifts, which allow for the arranging of a gift now that has a future benefit for the Foundation. All gifts, in all forms, are important as they validate and support all aspects of the Foundation’s work.

Your tax benefits depend on what you give and when you give it. The Foundation team can assist you and your financial advisors with the details of reporting a gift to help support Phi Psi. Or if you're still in the planning stages, ask us for help in how your donation can be more tax-efficient. We appreciate your support, so we'll do all we can for you in return! For more information, contact the Foundation to discuss the full range of giving options and strategies.

 

 

Cash Gifts

The easiest and quickest way to support the Foundation is with a cash gift by check or credit card. That can be done by fax, phone, email or online. Cash gifts given annually are vital to the Foundation's operations and programs.

An option for your cash gift is a recurring gift on your credit card. We can set up a recurring gift to charge your credit card a specific amount on a monthly, quarterly or annual basis. With this option, you enjoy the convenience of paying your gift over time – and may have additional benefits, such as air miles, member points or rebates for your purchases.

Cash gifts made by check should be payable to the “Phi Kappa Psi Foundation” and mailed or otherwise delivered to 5395 Emerson Way, Indianapolis, Indiana 46226. You may also donate online or call the Foundation at 800.350.1852.

Stocks, Securities & Property

Cash gifts are easy to make and carry tax benefits, but gifts of stock or other securities may be a more appropriate gift vehicle for your situation. Securities and property may be given directly to the Phi Psi Foundation as annual gifts, or they may be used to establish certain types of planned gifts.

Stocks & Securities
A gift of stock is valued for tax purposes on the date of transfer. The fair market value of gifts of long-term, capital gain securities or real estate are deductible based upon a donor’s adjusted gross income. Giving securities that have increased in value is a great way to both benefit the Foundation and bypass the capital gains tax due on a sale.

By far the best way to transfer securities is to do so electronically. If you hold the shares in an electronic account, simply contact the Foundation's investment manager at the information below. Please also call the Foundation once you have completed the transfer. This helps ensure you receive proper recognition for your contribution and assures that the gift was credited to the proper fund.

Firm: UBS Financial Services
Account Manager: Keith Steiner
Assistant Manager: Stephanie Doane
Tel. 317.816.1833
Fax 317.816.1888 
stephanie.doane@ubs.com

For DTC:
Firm: UBS Financial Services
DTC Number: 0221
FBO: IP-41295-10 (The Endowment Fund of the Phi Kappa Psi Fraternity, Inc.)

If you do not have stocks in a broker account, you may have paper stock certificates printed in the Foundation's legal name and delivered to the Foundation’s offices. Have the certificates issued to the "Endowment Fund of the Phi Kappa Psi Fraternity" and delivered to 5395 Emerson Way, Indianapolis, Indiana 46226.

A final option is to deliver to the Foundation paper stock certificates issued in your name. For security reasons, do not endorse the backs of the certificates. Instead, include a transmittal letter specifying your name and address and indicating how many shares you are contributing. Then, in a separate envelope, send the Foundation a stock power executed in blank with the signature guaranteed. Your bank or attorney should be able provide you with stock power forms and guarantee your signature. You must also include a cover letter confirming your gift.

Tangible Property
Real estate, works of art, rare books or stamp and coin collections are just a few types of tangible property that you may give to the Foundation. If the real estate is subject to a mortgage at the time of the gift, you may be subject to capital gains tax on a portion of the appreciated value, but you will be entitled to a charitable deduction for the full fair market value of the real estate (reduced by the amount of the mortgage). Your charitable deduction reduces your ordinary income, which is generally subject to tax at rates substantially higher than the capital gains tax. Thus, you will realize a significant tax savings - even if the real estate is subject to a mortgage.

The easiest way to make a gift of real estate is to deed the property to the Foundation. You may contribute almost any type of real property: a personal or recreational residence, a farm or ranch, a commercial building, subdivision lots or any undeveloped parcel of land.

You also may transfer ownership of your personal residence (including a vacation home) to the Foundation but retain the right to use the property for your lifetime or that of your spouse. You receive an immediate tax deduction for the value of the Foundation's remainder interest.

When you make this type of gift, you’re entitled to a charitable deduction for gifts of tangible property. In the case of art or antiques, the deduction amount depends on the “related use” and who produced the work.

Matching Gifts

Many companies offer employees a matching gift benefit that doubles the gift to the Foundation. Matching gifts make a critical contribution to the Annual Fund. When making your gift to the Foundation, check to see if your employer has a corporate matching gift program.

The process for submitting a matching gift claim differs from company to company. Some require a completed paper form, others have an online system, still others request that claims be filed by telephone. In any case, if your company does provide a matching gift claim form, please complete it and send it to the Phi Kappa Psi Foundation, 5395 Emerson Way, Indianapolis, Indiana 46226.

Wills & Bequests

A gift to the Foundation by will or trust is a creative way to help in the long term, while still retaining full control of your assets during your lifetime. Each bequest to the Foundation serves as a legacy to future generations, and helps secure the future of the organization.

Making a provision in your will for the Foundation is a simple process. You can leave a specific asset, a percentage of your estate or the remainder of your estate after you have taken care of other beneficiaries. Also, you may leave your bequest unrestricted or designate it for a specific use. The appropriate wording for making a gift depends upon the type of gift, state law and your own unique circumstances. The following will provision is an example of how you may designate your gift. Consult an attorney to be sure you have a properly drafted legal document.

While not necessary, it is helpful to make us aware that we are being named in your will. This way you can be sure your bequest will be executed in the manner you intended. In addition, we have special means of recognizing donors who have named us in their wills.

“I, [name], of [city, state, zip], give, devise and bequeath [percentage of estate remainder, written amount or description of property] to the Endowment Fund of the Phi Kappa Psi Fraternity, an Illinois not-for-profit corporation with offices in Indianapolis, Indiana. This gift is made to help further the objectives and purposes of the Endowment Fund.”

We would be happy to consult with you on your particular needs, philanthropic desires, questions or concerns. Please feel free to contact the Foundation offices at 800.350.1852 at your convenience and at no obligation to you.

Gift Planning

Planned giving is a very special tool of philanthropy. It's reserved for those individuals and families with both a clear vision and a sense of deep conviction – for both the near and long term. Whatever form your planned gift takes, keep in mind that it is a wonderful way to support the Phi Psi Foundation.

Life Insurance
Contributing life insurance to the Foundation is an attractive way to make a substantial gift. In order to claim a charitable income tax deduction, the Foundation must both own the policy and be its sole beneficiary. You may then deduct the fair market value of the policy. Your insurer can help you calculate the amount of your expected deduction and help complete the appropriate documents.

Retirement Plan Assets
Many donors spend much of their lives paying into qualified retirement plans – money that is considered "income with respect to descendent" for tax purpose, before it is passed to heirs as part of an estate. Therefore, it is twice taxed: first, under income tax rates and secondly under gift and estate tax rates. The reason for such income tax treatment is because the plan was funded with pretax dollars and grown in a tax-sheltered fund. A gift provision from the remainder of a pension or retirement plan can often be the most economical way to make a gift, allowing for other assets to pass to heirs under better tax rates.

Gift Annuities
A charitable gift annuity is a contractual agreement between a donor and the Foundation whereby we agree to pay you a fixed annual income for life in exchange for money or assets transferred to the Foundation. The amount of the annuity (annual income) is determined by the amount of the gift and the age or life expectancy of the person(s) to receive the annual income. Annuity payments can begin soon after the gift, or can be deferred to a specific age or to coincide with retirement or other significant planned life change. Annuity contracts are governed by the laws of the state in which the donor resides.

Charitable Remainder Trusts
A trust is a stand-alone financial instrument used to hold assets for someone else's benefit. In the case of Phi Kappa Psi, you will be creating an irrevocable trust in the Foundation's name, but specifying that you (or someone else) receive income from the trust until your death. You may also provide that the payments continue until the death of both you and your spouse. You may fund the trust with cash or with appreciated securities or real estate. Contributing appreciated assets eliminates capital gains taxes at the time of the donation, as described previously.

The trust may subsequently sell the assets to increase the amount of income available for distribution, but the capital gains tax would be spread out over your lifetime and would be payable in installments only as you received cash from the trust.

When you establish a charitable remainder trust, you receive an immediate tax deduction based on the estimated value the Foundation will eventually receive. This amount varies depending upon your age, the age of any other beneficiaries and the annual payout amount.

With a charitable remainder unitrust, you must specify at the outset what percentage of the trust's assets will be paid to you (or your beneficiaries) annually. Then, depending upon the trust's investment performance, you will receive more or less money each year. You may make additional contributions to the unitrust at any time, receiving a commensurate charitable deduction. A unitrust takes advantage of rising financial markets because your yearly payout increases with the value of the trust. Similarly, however, if its value decreases, so does your annual payment.

A charitable remainder annuity trust differs from a unitrust in that the annual payment you receive is set as a fixed dollar amount, not a percentage of the trust's assets. That means you (or your designated beneficiary) are guaranteed the same income every year, regardless of how the trust's investments perform. Also, no additional contributions to an annuity trust are permitted. To give more, you must create a new annuity trust. An annuity trust provides a constant, reliable income stream, shielding you from market fluctuations. This means, however, that the amount you receive will never be adjusted for inflation.

Sponsorship & Naming Opportunities

If you are drawn to things that endure, how would you feel if your name, or the name of a loved one, someday became associated with the good works of the Foundation.

A named scholarship, fellowship or a room at Laurel Hall is a lasting gift to the Foundation that permanently associates the name of the donor – or that of a family member, friend or chapter brother – with Phi Kappa Psi. What a great way to honor a pledge brother, recognize your pledge class, record a special occasion, or honor a loved one. Named gifts are often the culmination of a life-long commitment to philanthropy.

Sponsorship and naming opportunities are available at many levels of giving. If you are interested in pursuing a naming opportunity, please contact the Foundation office at 800.350.1852.