Planned Giving
Give of yourself.
There are many ways to give to AKPsi.
You can continue to have an impact through your will, estate, beneficiaries, and more.
Our goal is to serve as a resource as you plan your gifts. We hope to assist you and provide you the necessary information to make financial decisions for your future. When you work with your professional adviser and our gift planning staff, we are all working together to arrange the best possible gift.
For more information on planned giving, please email Alpha Kappa Psi Foundation Executive Director, Kim Olesker (akpsifoundation@akpsi.org).
Charitable Gift
This enables a donor to make a gift of cash or other assets to the Foundation and receive income, capital gain and estate tax benefits. The donor makes an annuity agreement gift with the Foundation and retains the right to receive life income payments from the gift. In the event of the donor’s death, the Foundation may use the remaining principal for educational programs and scholarships.
Non-Probate Assets
Do you have an IRA, 401(k), life-insurance policy, or any other assets not included in your will? If so, these are called non-probate assets and you must plan your beneficiaries for them separately. Use this online tool to make your plans and designate the Alpha Kappa Psi Foundation as a beneficiary of one or more of these assets.
Congress reinstated a law allowing a donor to make a tax-free gift from their individual retirement account (IRA). Known as the IRA charitable rollover, this law no longer has an expiration date so a donor is free to make annual gifts to Alpha Kappa Psi from their IRA this year and well into the future.
The law allows individuals 70½ and older the ability to transfer up to $100,000 from their individual retirement accounts directly to a qualified charitable organization without being subject to income taxes on the distribution.
Securities
Gifts of stocks or other securities offer a two-fold tax savings. First, the donor avoids paying any tax on the increase in value of the stock since its purchase. Second, the donor receives a tax deduction for the full fair market value of the stock at the time of the gift.
Cash, Check or Card
Most of the gifts made to the Foundation are in the form of cash through a check written by the donor. Making contributions by using a credit card has become a very popular method of contribution. These gifts are considered the same as a cash gift for tax purposes.
Gifts-in-Kind
Gifts-in-kind (art objects, equipment, real estate, etc.) are welcomed by the Foundation. However, it is necessary to review such gifts before hand to ensure that acceptance will not involve financial commitments or other obligations disproportional to the usefulness of the gift itself. In most instances, gifts-in-kind will be accepted only if they can be liquidated and the value added to the Foundation’s asset base.
Legacy Giving
Consider creating a legacy gift in your estate plan to ensure the Alpha Kappa Psi Foundation can continue to enhance the educational experience of future generations of business leaders.
To help you get started on your plans and legacy, you can use FreeWill, an online tool that guides you through the process of creating a legally valid will or trust. It’s easy to use, accessible online and can be completed in 20 minutes. You can use this resource on its own, use it to document your wishes before finalizing your plans with an attorney.
Have you already included a gift in your will or trust? Please fill out this form to let us know! We would love to thank you for your generosity.
Charitable Remainder Trust
A charitable remainder trust offers income, capital gain and estate tax benefits to the donor while creating a generous gift for the Foundation. The donor establishes a trust, from which you or your designated beneficiary(ies) receives life income payments. In the event of the donor’s death, the Foundation receives the principal, or “remainder,” of the trust.
