Give…a legacy of leadership.
"Not what I have, but what I do is my kingdom.”
– Thomas Carlyle
As you discern your legacy—in people, deeds and finances—consider a planned gift to the Phi Kappa Theta Foundation.
The Second Founders Society is a special group of Brothers and friends of Phi Kappa Theta who have made plans to support the mission and values of the Fraternity for generations to come by including the Phi Kappa Theta Foundation in their estate plans. These gifts will have a perpetual legacy in developing servant leaders with the ideals and beliefs of Phi Kappa Theta.
Your gift can be unrestricted, allowing the Fraternity to respond to the most pressing needs of the time, or restricted, to benefit a specific chapter or Fraternity program, such as the Leadership Institute or Regional Leadership Conferences or Convention.
Become a member of our Second Founders Planned Giving Society
A planned gift to the Phi Kappa Theta Foundation is one of the best ways to make a difference for your loved ones and community. It shows a long-term commitment to a vital organization and leaves a legacy of which you can be proud.
The benefits of these gifts do not accrue to the Foundation until a future date, usually after the donor’s lifetime. The society was created to thank donors who have the foresight to meet their own personal needs and those of their family by making a gift to the Phi Kappa Theta Foundation. Such gifts will help ensure the continued success of Phi Kappa Theta Fraternity as it develops servant leaders and strives to be the premier human development organization. When caring and dedicated people come together, amazing things happen—creating a ripple effect for years to come.
Members of the Second Founders Society are honored at the Fraternity Convention and Leadership Institute. In addition, members are recognized in the Temple Magazine, the annual report, on the website, and at regional and national Fraternity gatherings. Where appropriate and desired, recognition can also include a gift announcement ceremony and news releases. Of course, we honor requests for membership to be anonymous.
Why a Planned Gift?
Planned gifts are so named because such gifts must be carefully planned as part of your overall financial and estate planning.
The giving opportunities outlined in this brochure can help you provide a lasting legacy that at the same time provides you with significant financial and tax benefits now and in the future.
You don’t need a lot of money or a large estate to make a planned gift to support a cause or organization you care about. But you should look at the many options for such a gift. It’s also advisable to consult with your family and your financial advisor or attorney to decide which option best fits your situation.
Planned gifts are directed to the Phi Kappa Theta Foundation’s endowment fund. Endowment earnings support the work of the Foundation while preserving the principal funds for the future. Endowment gifts may be undesignated, allowing the Foundation to focus on areas of greatest need at the time, or they may be designated to aspects of Fraternity programs of special interest to the donor. These might include:
- Leadership Institute
- Boysie Bollinger Leadership Academy
- Fraternity Staffing
- Fraternity Communications
- For the benefit of a designated chapter
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.