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Because of the magnitude of the Tau Chapter ’s needs,we are seeking gifts and
commitments from all alumni, parents and undergraduates. We encourage
each individual to consider this as a once-in-a-lifetime major commitment to the
Chapter. To meet our immediate needs, we encourage individuals to make
cash pledges over a two-to three-year period. A bequest or gift of
insurance will allow us to build an endowment for the long term. Only
a small percentage of gifts are tax-deductible.
Gifts may be made via the following:
1. Cash. Checks should be made payable to the Pi Kappa Alpha Housing Corporation.
2. Credit Cards. Donors may charge their gift to MasterCard or Visa.
3. Stocks, Bonds and Securities. There are several advantages to the donor for a gift of
appreciated property or securities. A donor may transfer ownership of stock to the Tau
Chapter of Pi Kappa Alpha Housing Corporation. This type of transfer may make it
possible to avoid the capital gains tax,which would normally be applied if the security
was sold. The transfer may be made simply by directing your broker to assign ownership of
a stock to the Pi Kappa Alpha Housi g Corporation through our stock account.
4. Life Insurance. Often the need for which some life insurance was purchased changes,and
an individual may find that he no longer needs a certain policy. He can transfer ownership
of this policy and claim a deduction for the cash value and subsequent premiums.
5. Wills and Bequests. Individuals may make a testamentary gift to the Pi Kappa Alpha
Housing Corporation. This affords the donor the opportunity to make a significant gift
without diminishing his current assets. To complete a bequest,the donor should add a
codicil to his will that directs a specific sum or percentage of his estate to be given to
“Tau Chapter of Pi Kappa Alpha Housing Corporation,a nonprofit North Carolina
Corporation.” An attorney can suggest the exact wording.
6. Charitable Remainder Trusts: Again,the charitable remainder trust gives an alumnus
the option of remembering the fraternity after his death or the death of family members
who are allowed to use assets of the trust while they are still living. Again,an attorney
can suggest the best way to include this in your estate planning.
7. In-Kind Gifts. If the donor owns a business,he may donate materials,products and
services that he ormally sells. Donors may also choose to donate other items such as
furnishings,art,computers,etc.
8. Matching Gifts. Many alumni work for companies that provide a matching gift program
for contributions to non-profit organizations. To take advantage of this option,contact your
human resources department for a matching gift form and include it with your gift. We
will take care of filing the form with your company.
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