Planned Giving


phi kappa sigma building

MISSION

The Phi Kappa Sigma Foundation supports the development of ethical leaders and cultivates a lifelong commitment to the educational and charitable missions of Phi Kappa Sigma by: supporting educational and leadership programming initiatives, providing scholarships to support academic achievement, and enabling members and friends to support these programs through tax-deductible contributions. Through these efforts, we help the fraternity strengthen and grow its membership and provide the best membership experience possible.

"For our fraternity to grow, we must nurture and care for the things that we love."

-Reflection from Omega Chapter 1890

ORGANIZATION

The Foundation is a separate legal entity from the fraternity and is a charitable IRS 501(c)(3) organization.

The Phi Kappa Sigma Foundation began as the Phi Kappa Sigma Educational Fund in 1953 to provide scholarships to worthy Phi Kappa Sigma members.

BOARD OF DIRECTORS

The Phi Kappa Sigma Foundation is run by a Board of Directors serving on a voluntary basis. The Board is made up of approximately 20 alumni who manage the Foundation assets, coordinate giving programs, and annually fund leadership development programs and scholarship opportunities that impact the lives of our undergraduate members.

All contributions are acknowledged in writing and all donors are recognized by donor category in the next issue of The Maltese Cross.

All donations are tax-deductible, as the Foundation is recognized as a 501(c)(3) public foundation by the IRS. Our Federal Tax ID # is 23-6235335.

The Phi Kappa Sigma foundation does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

MITCHELL SOCIETY


Dr. Samuel Brown Wylie Mitchell left an enduring legacy by founding Phi Kappa Sigma Fraternity in 1850. You too can leave a legacy and ensure that Phi Kappa Sigma International Fraternity will remain Stellis Aequus Durando - “Equal to the Stars in Endurance”!

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 educational 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.

The Phi Kappa Sigma Foundation invites you to become a Mitchell Society member today.

LEAVING A LEGACY


LEGACY GIFTS
Legacy Gifts are large gifts that make a major and significant impact on the Phi Kappa Sigma experience through the educational scope of the Phi Kappa Sigma Foundation. Legacy gifts may be made by individuals, families, or groups of interested donors.

BEQUESTS
The Foundation is named to receive either a stated dollar amount, a percentage or the remainder of a donor’s estate.

PLANNED GIVING


Planned Gifts are substantial gift to the Phi Kappa Sigma Foundation that involve financial or estate planning by the donor. They are creative ways for caring people to support the Foundation, often resulting in larger gifts to the organization and favorable tax benefits to the donor. Planned gifts may include these:

CHARITABLE GIFT ANNUITIES
An irrevocable agreement between a donor and the Foundation. The donor makes a one-time tax-deductible gift. The Foundation invests and manages the gift, and pays the donor a fixed annuity for life. Upon death, the remainder goes to the Foundation to carry out its charitable and educational purposes.

CHARITABLE REMAINDER TRUSTS
A donor transfers cash or equities irrevocably to a trust, which is invested and man¬aged by the Foundation. The donor receives fixed or fluctuating income payments for life. Upon the death of the donor or named beneficiaries, the Foundation receives the remainder of the trust.

CHARITABLE LEAD TRUSTS
Similar to a Charitable Remainder Trust, except that the Foundation receives income from the trust for a certain number of years, after which the remainder is paid to beneficiaries named by the donor.

POOLED INCOME FUNDS
A donor transfers cash or appreciated securities irrevocably. Much like a mutual fund, inter¬est and dividend income are paid annually to the donor and/or beneficiaries; upon their deaths, the remainder is distrib¬uted to the Foundation.

LIFE INSURANCE
A donor names the Foundation as a beneficiary of a policy or gives a fully paid policy to it. Donors enjoy the leverage of making a major charitable gift at a fraction of the face value of the policy.

EARMARKING A GIFT


Legacy Gifts and Planned Gifts may be made to support the general fund of the Phi Kappa Sigma Foundation to be allocated by the Foundation Board of Directors. Legacy and Planned Gifts may also be directed to support a specific purpose or project, subject to the approval of the Foundation, meaning the purpose or project must be supportive of the mission of the Foundation. Some examples of earmarks might include:

  • Scholarships memorialize or honor a Brother
  • Scholarships for a specific recipient base
  • Endowment of an educational program
    • Phi Kappa Sigma Male College
    • Men of Honor
    • Carroll K. Simons Institute
    • Key Sessions Regional Leadership Conferences
    • Grand Chapter Educational Sessions
    • Risk Management Seminars
  • Endowment of Educational Consultant positions on the Fraternity staff

FOUNDERS CIRCLE & LEGACY CIRCLE


The Phi Kappa Sigma Founders Circle was created in order to recognize those who have made significant donations to the Phi Kappa Sigma Foundation. Founder’s Circle Members are comprised of any member or alumnus who has donated at least $10,000 in their lifetime either by a one-time gift or over multiple gifts.

Listed below are those Phi Kappa Sigma alumni who have contributed to this level to be included in the Founders Circle. Those brothers that have generously given to the Founders Circle in their lifetime or as memorials are recognized in the Legacy Circle. If you believe you or your loved one has contributed $10,000 or more over your lifetime and are not listed below, please contact Phi Kappa Sigma Foundation Executive Director of Development. We wish to recognize all who have achieved this elite distinction.


FOUNDERS CIRCLE


Christopher T. Benis
Beta Psi Chapter
Washington State 1984

Lonny Boeke
Gamma Gamma Chapter
Carthage College 2000

Allan M. Cameron
Beta Gamma Chapter
Denver 1962

Duncan H. Cocroft
Alpha Chapter
Pennsylvania 1965

Douglas L. Cox
Alpha Chapter
Pennsylvania 1968

Donald Craib
Alpha Psi Chapter
UCLA 1949

John J. Curley
Epsilon Chapter
Dickinson College 1960

David B. du Pont
Alpha Chapter
Pennsylvania 1967

John L. Finlayson
Zeta Chapter
Franklin & Marshall 1964

Reynold R. Hagel
Alpha Upsilon Chapter
Washington 1980

Joseph B. Moidl
Alpha Theta Chapter
Wisconsin 1994

Peter J. Nichols
Alpha Upsilon Chapter
Washington 1980

Douglas W. Opicka
Alpha Epsilon Chapter
Illinois Tech 1997

Neil J. Principe
Alpha Rho Chapter
Cornell 1967

Timothy A. Schug
Alpha Epsilon Chapter
Illinois Tech 2007

Ronald W. Siggs
Alpha Upsilon Chapter
Washington 1982

Ronald C. Stephens
Alpha Psi Chapter
UCLA 1963

Benjamin F. Taylor
Rho Chapter
Illinois 1999

phi kappa sigma chapter eternal seal

LEGACY CIRCLE


Charles Fazio
Alpha Chi Chapter
Ohio State 1949

Robert C. Forney
Alpha Xi Chapter
Purdue 1948

Ghery D. Pettit
Alpha Lambda Chapter
UC Berkeley 1946

Boyd Lee Spahr III
Epsilon Chapter
Dickinson College 1963

David C. Spraker
Alpha Theta Chapter
Wisconsin 1951

Roderick Williams
Alpha Upsilon Chapter
Washington 1961


We also wish to thank the following groups who have donated to the Foundation:

  • Alpha Epsilon Chapter, Illinois Tech Housing Corporation
  • Alpha Psi Chapter, UCLA Housing Corporation
  • James R. Favor, LLC

ENDOWING A PROGRAM

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 s, please contact Phi Kappa Sigma International Headquarters.


Grand Chapter is Phi Kappa Sigma’s biannual democratic Chapter Convention that has been held since 1869. As part of Grand Chapter, educational sessions are offered to members and alumni providing opportunities to learn a variety of chapter operations best practices and critical life skills.

Program Cost = $120,000 every two years
Endowment Opportunity = $1.2 Million


Men of Honor Leadership Institute is an experiential value-based leadership development program where participants learn principle centered leadership and how to create positive change. Men of Honor is held at an indoor retreat center annually.

Program Cost = $40,000 annually
Endowment Opportunity = $800,000


Carroll Simons Institute is held biannually to provide an intensive program in leadership skills and chapter operations. CSI is held at an outdoor retreat center every summer in the years that a Grand Chapter event is not held.

Program Cost = $30,000
Endowment Opportunity = $600,000


Key Sessions are a series of leadership workshops that link chapter operations, core values, and Phi Kappa Sigma goals and objectives in order to improve chapter programming and member experiences

Program Cost = $10,000 annually / $2,500 per Key Session
Endowment Opportunity = $200,000 / $50,000 per Key Session


The Scepter Mentorship Program matches undergraduate mentees with alumni mentors based on common areas of interest and uses a professional personality assessment called The Birkman Method ®. The Birkman Method ® helps guide the mentor as he facilitates the program which helps the mentee gain self-awareness, learn critical life skills, set personal and professional goals, and create action plans to achieve those goals.

Program Cost = $5,000 annually
Endowment Opportunity = $100,000


Foundation Scholarships are awarded annually to those who apply through need-based and/or participation-based applications. The scholarships are used to help pay any educational expenses including but not limited to tuition, fees, books, supplies, etc. of the deserving brother awarded the scholarship.

Program Cost = $65,000 annually / $250 (minimum) for individual scholarship
Endowment Opportunity = $1.3 Million / $5,000 (minimum) for individual scholarship


Educational Consultants serve as an information and support resource for members and travel to chapters to teach them various operational and leadership skills. In addition, Educational Consultants are experts in recruitment and assist with expansion and recruitment efforts to help grow the membership of chapters and the Fraternity as a whole.

Program Cost = $40,000 per year per consultant
Endowment Opportunity = $800,000 per year per consultant


The Endowment Opportunity= figures above are based on a 5% annual return.