Ways to Give
Ways
to Give
There are a number of
ways alumni and friends of Theta Xi can provide financial support for Foundation
programs and activities. Some of the most popular are listed and discussed below:
• Cash
• Securities
• Life income
gifts
• Life insurance
policies
• Bequests
and other planned gifts
Gifts to the Theta
Xi Foundation are fully tax deductible for Federal Income tax
purposes. Your donation can be used to continue the Theta
Xi Foundation’s support of chapter and individual member educational programs
or you can specify the purpose for which your donation will be used. Some chapters
have Chapter Education Accounts
that are also a tax-deductible donation. If your interest is in
supporting chapter housing, a deductible gift can be made to the Foundation
and directed to the Unicorn Fund.
All donations are counted towards your Fund Drive total, making membership
in a Theta Xi Foundation Giving Club easier to obtain.
The Foundation
Board of Trustees recommends that you speak with your accountant, attorney,
or financial advisor when considering both your gift and your method of giving.
The Board of Trustees will be happy to provide information regarding the tax
status of the Theta Xi Foundation to you or your representative upon request
to the Foundation Office .
Cash
A donation of cash is
the easiest and most frequent method of donation to the Theta Xi Foundation.
Cash donations are normally made through the form of a check or credit card.
To make a donation, you can fill out our online donation
form or mail a check to the Foundation
Office with your gift to support this year’s Fund Drive
.
Securities
Stocks, bonds, etc.
can be gifted to Theta Xi Foundation as a Fund Drive gift. You can also direct
such a gift toward a specific Chapter
Education Account , or the Unicorn
Fund to support chapter housing efforts. The gift of an appreciated
security will provide you with a tax deduction for the current market price,
and allow you to avoid capital gain taxes while helping to
support Theta Xi.
Life Income Gifts
(for you and/or your loved ones)
Numerous methods are available
to provide you and your spouse (or loved ones) with income while donating to
the Theta Xi Foundation. For example, you could transfer securities to the
Theta Xi Foundation and receive a return for life, after which the assets would
be given to the Foundation. An charitable annuity gift of this type is only
one of many planned gifts that can provide income and tax advantages to the
donor today, while permitting you to provide a generous estate gift to support
Theta Xi
Planned gifts of this
type also qualify you for special membership and recognition as a member of
The Franklin Guild , Theta Xi’s planned gift society.
Life insurance
policies
Name the Theta Xi Foundation,
the Unicorn Fund or
your Chapter’s Education Account
as the primary beneficiary of a life insurance policy and these
proceeds are exempt from estate taxes. Another option is transfer ownership
of a current or new policy to the Foundation. Transferring a paid-up policy
to the Foundation would entitle you to a federal income tax deduction for an
amount equal to the policy’s replacement value (cash value) or your cost basis
(premiums paid less dividends received). If the policy is not paid up, the donor
may elect to keep the policy in force by making tax-deductible gifts to the
Foundation to pay future premiums.
Planned gifts of life
insurance can also qualify you for special membership and recognition as a member
of The Franklin Guild , Theta Xi’s planned gift society.
Bequests and other
planned gifts
One of the most popular
and simple ways to provide a planned gift is to include Theta Xi Foundation
in your Will and/or estate plan. A bequest provision in your Will can meet your
desire to provide a legacy that will benefit future generations of Brothers.
A bequest to a charitable organization such as the Theta Xi Foundation is also
tax-deductible for federal estate tax purposes.
Sample wordings for
a bequest provision and a Will kit are available on request from the Foundation
Office. All such requests are treated as confidential information.
Other forms of Planned gifts such as charitable
trusts can provide income to you or your loved ones now and later provide an
estate gift to Theta Xi. The Foundation Office can provide you with more information
on other forms of planned gifts that can produce income to you today and a future
estate gift to support Theta Xi upon your request.
Alerting the Foundation of your action to provide a bequest provision
in your Will or that you have established some other form of planned gift also
qualifies you for special membership and recognition as
a member of The Franklin Guild , Theta Xi’s planned gift
society
