Planned Giving

MISSION

The Mitchell Heritage Society supports the charitable and philanthropic efforts of Phi Kappa Sigma Fraternity. This includes, but is not limited to: 1.) granting scholarships to Phi Kap students enrolled at accredited educational institutions; 2.) providing grants to Phi Kap students and alumni to support costs related to seminar registrations, travel, and other leadership events; 3.) conducting conferences, classes, and other forums that assist in personal and professional development; 4.) supporting the preservation of Phi Kappa Sigma historical documents and memorabilia for future generations; 5.) promoting the common good through inspired philanthropy.”

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

-Reflection from Omega Chapter 1890

ORGANIZATION

The Mitchell Heritage Society as Phi Kappa Sigma Endowment Fund incorporated is a separate legal entity from the fraternity and is a charitable IRS 501(c)(3) organization.

The Mitchell Heritage Society is the official philanthropic partner of the Fraternity replacing the legacy organizations of years past that included the Phi Kappa Sigma Educational Fund and the Phi Kappa Sigma Foundation.

BOARD OF DIRECTORS

The Mitchell Heritage Society Board of Directors. The board is made up of Alumni volunteers who manage the assets, coordinate giving programs, and annually fund leadership development programs and scholarship opportunities that impact the lives of our collegiate 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 83-4400311.

The Mitchell Heritage Society 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.

EARMARKING A GIFT

Legacy Gifts and Planned Gifts may be made to support the general fund of the Mitchell Heritage Society to be allocated by the Board of Directors. Legacy and Planned Gifts may also be directed to support a specific purpose or project, subject to the approval of the Mitchell Heritage Society, meaning the purpose or project must be supportive of the mission of the the Phi Kappa Sigma Fraternity and the Mitchell Heritage Society. 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
  • Operation Skills Institute
  • Key Sessions Regional Leadership Conferences
  • Grand Chapter Educational Sessions
  • Risk Management Seminars
• Endowment of Educational Consultant positions on the Fraternity staff

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 ours, please contact Phi Kappa Sigma International Headquarters.

Grand Chapter is Phi Kappa Sigma’s biennial 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

Operations Skills 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

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 = $100,000 annually / $250 (minimum) for individual scholarship
Endowment Opportunity = $2 Million/ $15,000 (minimum) for individually named 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 = $42,500 per year per consultant
Endowment Opportunity = $850,000 per year per consultant

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