The following information will offer ideas as to how you can be part of shaping and developing the Beta Pi Chapter’s future through your gifts. As you can see there are many ways to help our chapter now. However, for some of you, the best way to have a significant impact on our chapter’s future is by contributing a planned gift. Beta Pi’s long-term goal is to have at least $1,500,000 in assets to enable us to fund alcohol & drug education programs, career & leadership development programs, provide numerous forms of scholarships, and to be able to establish endowments for maintenance and the resident advisor. See below to learn about the wide variety of planned giving options available to your estate.
Charitable Gift Annuities
- You may make a gift to the fraternity and receive fixed income for life.
- You must be at least 50 years old and it is best for those 70 or over.
- Benefits – guaranteed fixed income for life, income tax charitable deduction, no capital gain tax on transfer of assets, recognition at the chapter house in the Heritage Society, and knowing that your assets are making a difference for the chapter.
- Minimum investment of $5,000 of cash or securities.
Charitable Lead Trusts
- You may set up a trust that provides income to the fraternity now and then returns to your heirs.
- This is really good for those seeking to pass assets to others while reducing transfer taxes.
- Benefits – gift and estate reduction, no capital gain tax on transfer of assets, recognition at the chapter house in the Heritage Society, and knowing that your assets are making a difference for the chapter.
- You can fund this with cash, real estate or securities.
Charitable Remainder Annuity Trust
- You may set up a trust where you receive fixed income for life or a term of years.
- You must be at least 50 years old.
- Benefits – fixed income for life or term of years, income tax charitable deduction, no capital gain tax on transfer of assets, possible estate tax savings, recognition at the chapter house in the Heritage Society, and knowing that your assets are making a difference for the chapter.
- Minimum investment of $50,000 of cash or securities.
Charitable Remainder Unitrust
- You may set up a trust where you receive variable income for life or a term of years.
- You must be at least 50 years old.
- This is best for someone looking to make a substantial gift with significant tax advantages.
- Benefits – variable income for life or a term of years, income tax charitable deduction, preferred vehicle for gifts of real estate, no capital gain tax on transfer of assets, flexibility to meet income needs, professional investment management, recognition at the chapter house in the Heritage Society, and knowing that your assets are making a difference for the chapter.
- Minimum investment of $50,000 for cash and securities, and $100,000 for real estate.
Deferred Gift Annuity
- You make a gift and defer your fixed income payments until a future date.
- You must be 30 years old to set up and at least 50 to receive payments.
- This is best for someone looking to meet future financial objectives.
- Benefits – guaranteed fixed income for life, defer payments until you need them, income tax charitable deduction, no capital gain tax on transfer of assets, recognition at the chapter house in the Heritage Society, and knowing that your assets are making a difference for the chapter.
Donor Advised Fund
- An outright gift that allows you to recommend allocation of funds over time to our chapter and other charities.
- Benefits – substantial income tax charitable deduction, estate tax savings, no capital gain tax on transfer of assets, supports family involvement, recognition at the chapter house in the Heritage Society, and knowing that your assets are making a difference for the chapter.
- Minimum investment of $100,000 of cash, real estate, or securities.
Gifts of Life Insurance
- A Life Insurance gift is for those who need assets during their lifetime but want to make a significant gift in their estate plan.
- Benefits – flexible because you can change your mind about the gift, possible estate tax deduction, recognition at the chapter house in the Heritage Society, and knowing that your assets are making a difference for the chapter.
Gifts of Retirement Assets
- Using qualified retirement plan funds and naming our chapter foundation as the beneficiary is a great way to pass funds on to us after the last spouse’s death free of taxes.
- Benefits – flexible because you can change your mind about eh gift, possible estate tax deduction, recognition at the chapter house in the Heritage Society, and knowing that your assets are making a difference for the chapter.
Retained Life Estate
- Gift of real estate while retaining the right to live there for lifetime or term of years.
- This is best for those who have decided to leave their property to the fraternity.
- Benefits – remove assets from taxable estate, income tax charitable deduction, avoid capital gain tax on transfer, retain lifetime use of property, recognition at the chapter house in the Heritage Society, and knowing that your assets are making a difference for the chapter.
- You can fund this with your personal residence or a farm.
Wills and Bequests
- Gifts made through your will are a great way to benefit the chapter upon your death.
- Benefits – remove assets from taxable estate, possible income tax deduction, avoid capital gain tax on transfer, recognition at the chapter house in the Heritage Society, and knowing that your assets are making a difference for the chapter.
- Gifts of appreciated stock or by using your retirement funds are probably the best way to leave a bequest.
*Information provided on our website is not intended to be tax or legal advice. Please consult a qualified financial advisor before making a gift.*