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Support Phi Kappa Sigma Through your support of the Phi Kappa Sigma Foundation, the Fraternity is able to provide our members with opportunities for scholarships, personal growth and development, leadership, and life experiences. Your contribution to the Foundation will provide funding for opportunities including: The Men of Honor Leadership Institute teaches values-based and interpersonal leadership skills, as well as how to create positive change and improve Chapter and member performance. The Scepter Mentorship Program provides our members the opportunity to learn more about themselves, receive guidance from alumni, and set and achieve goals. Over $60,000 in Foundation Scholarships per year relieves some of the financial pressures felt by members, and allows them to focus on their education and involvement within their Chapter. ANNUAL FUND We are asking that you make a tax-deductible contribution in one of the following categories:
Stellis Aequus Durando Society
In order to recognize those Brothers who give to the Foundation on a consistent basis, ensuring that our Fraternity will truly be “Equal to the Stars in Endurance,” we have created the “Stellis Aequus Durando Society.” Any Phi Kap who has donated at least 4 consecutive years, no matter what giving level, will be recognized as a society member as long as they continue to donate. Phi Kappa Sigma Founders Circle Members In order to recognize those Brothers who have made significant donations to the Phi Kappa Sigma Foundation, we have cre¬ated the Phi Kappa Sigma Founders Circle. Founder’s Circle Members are any Phi Kap who has donated at least $10,000 in their lifetime (one time or multiple gifts). MATCHING GIFTS Many companies have a matching gift program that can multiply your support and make your gift go further! Please ask your company’s HR representative for the necessary forms to send with your gift. COURTYARD OF BROTHERHOOD Alumni and undergraduates alike continue to support the Fraternity by purchasing a brick to go in the “Courtyard of Brotherhood.” The bricks are engraved with their name or the name of another Brother. More than 400 engraved bricks have already been placed in the Courtyard of Brotherhood, and that number continues to increase annually. The cost of the brick is only $150 and represents a tax-deductible donation in that amount! To purchase a Brick please click here. MITCHELL SOCIETY “Mitchell Society” members are those Brothers who have included Phi Kappa Sigma in their estate plans. Through Bequests, Insurance Policies, Endowments, Charitable Gift Annuities, and Charitable Remainder Trusts, “Mitchell Society” members understand the importance of ensuring that Phi Kappa Sigma’s programs and services are available far into the future. Gifts such as these allow individuals and families to invest in and support Phi Kappa Sigma, guaranteeing its success for future generations. Phi Kappa Sigma invites you to become a Mitchell Society member today. Contact the International Headquarters for more information. “…I have actively supported the Phi Kappa Sigma Foundation over many years. To ensure this support continues after my death I have included Phi Kappa Sigma in my estate plans. The needs of our Brothers continue to increase and hopefully my gift will help ensure these valuable and impactful programs continue to improve the quality of ‘The Phi Kap Experience.’” Bequests Providing for the Brothers of Phi Kappa Sigma through a bequest to join the “Mitchell Members” is an investment in the future of our beloved Fraternity. Bequests can be either unrestricted – which allows gifts to be directed to all areas in need – or restricted to support specific programs or services Phi Kappa Sigma offers. An attorney can help you prepare your will (or a codicil document) and choose the best wording for your particular circumstances. You can also contact Phi Kappa Sigma’s Director of Development for further information and assistance. The Phi Kappa Sigma Foundation is a 501 (c) 3 charitable organization. Bequests to The Phi Kappa Sigma Foundation are excluded from your taxable estate. Here is some sample language to include Phi Kappa Sigma in your will: I give, devise and bequeath to the Phi Kappa Sigma Foundation Inc. (Federal Tax I.D. #23-6235335), a not-for-profit 501(c)(3), the sum of $_____________ (or _____% of my estate, or description of securities, etc.) to be used by the Phi Kappa Sigma Foundation as the Phi Kappa Sigma Foundation Board of Trustees shall determine. Insurance You can name the Phi Kappa Sigma Foundation as the owner and irrevocable beneficiary of a Life Insurance Policy. You can also give the Foundation an existing policy and claim a tax deduction for the approximate cash surrender value. Endowments Permanently Endowed Funds may be established and named in accordance with the donor’s wishes. Endowments may also be created with smaller gifts that the donor pledges to increase, over a period of time. An endowment is an investment account that produces income. The income from the endowment can be restricted to support a specific scholarship, Chapter, program or service, or unrestricted to support areas in need. Only the income from this fund is used while the principle of the account is preserved. An endowment can be established in honor or memory of an individual or family. Below is a list of Phi Kappa Sigma’s current programs, a brief explanation, cost, and endowment amount. The minimum size gift to establish an endowment is $15,000. For more information about a specific program and the positive impact it has on our Brothers please contact Phi Kappa Sigma’s Director of Development.
Charitable Gift Annuities
A charitable gift annuity is a simple contract between you and the Phi Kappa Sigma Foundation, whereby the Foundation agrees to pay a fixed annuity to you for life in exchange for an irrevocable gift of at least $25,000. You will receive an immediate income tax deduction for the remaining value of the gift that will eventually benefit the programs and services of Phi Kappa Sigma. Charitable Remainder Trusts A charitable remainder trust is an irrevocable trust into which you can place assets (cash or appreciated property) in exchange for an income either for life or for a term of years. The minimum value of the gift must be at least $100,000. At the end of the trust term, or when all of the income beneficiaries pass away, the remaining principle transfers directly to the Foundation as the remainder beneficiary. You will receive an immediate tax deduction for the remainder value and income at a percentage rate to which you and Phi Kappa Sigma agree, with a minimum of 5% of the initial trust principle. |
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© 2007 Phi Kappa
Sigma International Fraternity Inc - All Rights Reserved |
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