Your support of the Phi Psi Foundation today is critical to ensuring more brothers have access to values-based initiatives in 2020.
Additional Ways to Make an Impact
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.
The easiest and quickest way to support the Foundation is with a cash gift by check or credit card. Cash gifts given annually are vital to the Foundation’s operations and programs. We can also set up a recurring gift to charge your credit card a specific amount on a monthly, quarterly or annual basis.
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: Buckingham Strategic Wealth
Advisor: Tim Jost (firstname.lastname@example.org | 314.783.2918)
DTC Number: 0226
Account Information: 676-810825 (The Endowment Fund of the Phi Kappa Psi Fraternity)
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.
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.
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.
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.
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.