| | Gift Planning Opportunities:
Gift planning benefits you, your family, and Pi Kappa Delta:
In 2008, the National Council initiated a planned-giving and estate-gift program that allows alumni and other interested parties to make estate gift pledges to Pi Kappa Delta, and to create gift-trusts and other instruments as a means of ensuring that future generations of students are trained in “the art of persuasion, beautiful and just.” Thus far, more than $100,000 in estate gift pledges have been received.
Supporting Pi Kappa Delta is a wonderful thing. Your generosity has an immediate and dramatic impact on our ability to fully realize our mission, vision and values. Future gifts provide Pi Kappa Delta with the ability to engage in long-range financial planning, and to leverage current opportunities against future funding sources.
Pi Kappa Delta can assist you and your family in comprehensive estate planning – minimizing the impact of federal and state tax policies and, and providing you and your beneficiaries with life-incomes if you should so desire. Perhaps most importantly, estate gift planning eases the emotional burden on your loved ones during a very stressful time, and provides you with a means of establishing your legacy while you are still alive and able to direct its future use. In short, your personalized gift plan can help to meet individual needs, secure your family's future, and strengthen Pi Kappa Delta—all at the same time.
Earn income, pay fewer taxes, secure your retirement:
A life income agreement allows you to make a gift to Pi Kappa Delta while retaining income for you and/or someone you designate. The income may be fixed for life or vary with investment performance. Part of the income may be tax-free, and you may avoid capital gain taxes on gifts of appreciated property. You’ll earn an income tax charitable deduction for a portion of your gift.
Enhance your net estate: Your family may benefit from certain charitable opportunities that help to reduce or eliminate gift and estate taxes on the transfer of your assets. You can essentially “loan” estate assets and allow Pi Kappa Delta to receive the income for a period of time. Or you may wish to avoid the substantial (up to 80 percent) taxes that may diminish the value of retirement plan balances when they pass to heirs.
Create your personal Legacy:
You can express your enduring support for Pi Kappa Delta’s mission, vision and values by making a gift at your death through your will, retirement plan, trust, or life insurance policy. You may also reduce your estate taxes by doing so.
Get more from your real estate:
You could avoid substantial capital gain taxes, property taxes, and probate expenses by making a gift of real estate. You can also designate Pi Kappa Delta as the succeeding owner of your home or farm. Preparing a gift or estate plan is simple and Pi Kappa Delta can put you in touch with a financial advisor to help you create a comprehensive financial plan that will protect you and your family. For more information on any of these opportunities, please contact: Phillip Voight
Past President, Pi Kappa Delta
Gustavus Adolphus College
800 West College Avenue
St. Peter, MN 56082 (507) 933-7369 (O)
(651) 492-8449 (Mobile)
(507) 933-7641 (F/Data)
pvoight@gac.edu | | | | | |
| | | A Sample Gift Letter:
Making an estate gift pledge is easy and usually does not require assistance from a lawyer. The first step is to modify your current will with a gift amendment. In most jurisdictions, you will need to have the amendment duly witnessed and notarized, but this is a simple process that can be accomplished at most banks, and county courthouses.
If you do not currently have a will, you should strongly consider getting one. A will not only eases the grief that family members experience after the death of a loved one, it also helps guarantee their financial stability. Assets of someone who dies in testate (without a will) can often wind up in probate court -- a sometimes lengthy and costly process that often has negative tax implications.
You should, of course, check the law in your own state and determine precisely which actions you will need to take to create your will, file it, and ensure that your intended bequests are honored upon your death.
Once you have amended your will, send a letter to the organization informing them of your intentions. When you do so, most organizations (including Pi Kappa delta) will send you an acknowledgment that they have recorded your estate gift pledge. They may also notify your executor, if you authorize them to do so.
Estate gift letters are often brief, and written in ordinary language. This is a copy of an estate gift pledge that Pi Kappa Delta received in 2005: Bill Hill
Executive Secretary
Pi Kappa Delta
125 Watson Street, P.O. Box 38,
Ripon, Wisconsin, 54971-0248 25 April 2005 Dear Mr. Hill: This letter is to inform you that I have made a provision in my will to bequeath to Pi Kappa Delta the amount of $100,000 upon my death. I have further directed that this sum be indexed for inflation to insure that the actual buying power of the bequest remains at $100,000.00, regardless of the date that the gift becomes available. My purpose in directing this gift is to generally support the activities of Pi Kappa Delta and I have no specific intention as to how the funds will be spent. In an attempt to maintain maximum flexibility, I have merely requested that the funds be placed into an endowment with the proceeds to be used as stipulated by the National Council. My executor has been informed of this bequest and will contact Pi Kappa Delta at the appropriate time. If Pi Kappa Delta has a uniform provision to document estate gifts, I would be delighted to furnish additional information concerning this bequest. I am Sincerely,
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