“Donors should consult with their personal tax advisors in regard to the specific effect of charitable gifts in their particular circumstances.”

OUTRIGHT GIFTS OF CASH
Gifts of cash are the most common way of supporting the Kappa Foundation. Your gift is tax deductible. Presently the Foundation has three categories of cash gifts:

MILLION DOLLAR CLUB
A pledge of $1,000, through an initial payment of $250 and the balance of $750 over the course of three years in increments of at least $250.00. The goal is to have 1,000 brothers contribute $1,000, each, creating a $1 Million endowment. The interest from the endowment will be used to fund Foundation activities and operations. Once the $1,000 pledge is completed, donors receive an embossed plaque and a jewel encrusted Foundation lapel pin.

FOUNDATION CLUB
A minimum contribution of $100 per year to fund Foundation activities and operations. Member receives a certificate and a Foundation lapel pin.

GENERAL DONATIONS
Contributions of any amount used to fund Foundation activities and operations.

NOTE: CHECKS SHOULD BE MADE PAYABLE TO Kappa Alpha Psi Foundation, Inc.

GIFTS OF SECURITIES
Gifts of securities, especially appreciated stock, offer two distinct advantages to the donor:
• A charitable income tax deduction, and
• Elimination of a capital gains tax.

GIFTS OF OTHER CAPITAL ASSETS
It may be to your advantage to make a gift of other capital assets include real estate, works of art, insurance, antiques, jewelry, etc. The advantages of any particular gift depends on the donor’s circumstances. One’s estate assets may be distributed over the owner’s lifetime in order to reduce future estate taxes and administrative costs.

LIFE INSURANCE
A donor may name the Kappa Foundation irrevocably as the owner and beneficiary of a life insurance policy. The present cash surrender value of the policy is deductible as a charitable contribution to the Kappa Foundation. If the donor elects to continue to pay premiums after donating the policy, the premiums are deductible also.

BEQUEST
A donor may add the Kappa Foundation to his will as a beneficiary or contingent beneficiary. Bequest may be used to be establish named gift funds (e.g. scholarship fund) or memorial funds.

MATCHING GIFTS
Many companies have a program which matches gifts to non-profit tax-exempt organizations. This information and the appropriate forms are available in your employer’s personnel department.

CHARITABLE GIFT ANNUITY
A Charitable Gift Annuity is a contract between an individual and the Kappa Foundation. The individual donates assets to the Kappa Foundation in exchange for guaranteed payment for tax purposes as a combination of non-taxable income, capital gains income, and ordinary income. A Charitable Gift Annuity:
• Provides income for the donor and/ or beneficiary;
• Provides a charitable income tax deduction;
• Eliminates capital gains tax;
• Provides professional investment management; and
• Provides professional investment management.

CHARITABLE LEAD TRUSTS
A Charitable Lead Trust is an individually-managed trust that pays an annuity or a fixed percentage of the assets to the Kappa Foundation for a specified number of years. At the end of this period, the assets are passed on to the beneficiaries named by the donor. The Charitable Lead Trust:
• Enables the donor to transfer assets to heirs at reduced gift and estate tax costs;
• Provides a way to transfer the full-appreciated value of assets to beneficiaries with no further gift and estate tax at termination of trust.