Ways to Give
There are many ways to include a generous future gift to Phi Kappa Theta Foundation in your plans, each with unique benefits to you, the donor.
Participation in any of the following giving opportunities qualifies you for membership in the Second Founders Society:
- Bequests - A bequest in your will to Phi Kappa Theta Foundation is perhaps the simplest way to leave a lasting legacy to an institution you deeply care about.
- Charitable Remainder Trust - A charitable remainder trust can help achieve many of your personal and financial goals. Under the right circumstances, this giving option can increase your income, reduce your taxes, unlock appreciated investments, relieve investment worries, and ultimately provide vital support to the Fraternity’s future. There are two types of charitable remainder trusts:
- Unitrusts - provide a variable amount of income to the donor
- Annuity Trusts - provide a fixed pay-out to the donor
- Wealth Replacement Trust - Make a sizable contribution today to help meet our current needs without reducing the estate you’ll pass on to loved ones. A wealth replacement trust allows the purchase of life insurance to replace the assets for your family that you give to a charity.
- Charitable Lead Trust - Provide an inheritance for your children and make a significant charitable gift through your estate. The opposite of a charitable remainder trust, a lead trust allows you to make gifts through your estate for a period of time before the remaining assets go to your heirs.
- Retained Life Estate - One of your most valuable assets—your home—can become a valued gift to us. A retained life estate allows you and your surviving spouse, if you so choose, to remain in your home during the rest of your life.
- Insurance Beneficiary - Transfer a paid policy to the Foundation, or name us as a partial beneficiary of an existing policy. You can also purchase life insurance, name us the beneficiary and begin paying premiums. If you purchase life insurance and make Phi Kappa Theta Foundation the owner and beneficiary of the policy, you can deduct the premiums as a charitable gift as you make them.
- Retirement Plan Beneficiary - Avoid being taxed twice on retirement plans and IRAs by naming the Foundation as the beneficiary of the remainder of your retirement assets after your lifetime.