Legacy gifts sustain key Foundation operations and fraternity programs and provide scholarship funds to high-achieving students. Planned gifts provide benefits to future generations of our youth and to you and your heirs.
The Legacy Program is a way to recognize those donors who make qualifying gifts (bequests, trusts, and annuities). Being a member of the Legacy program indicates that you believe in our proud heritage of strengthening the lives of young men and giving them a path to be successful.
Kappa Foundation Legacy members have extraordinary foresight. To begin, please complete the Confidential Bequest Intention Form (see below) or contact us at our International Headquarters office.
SUMMARY
- Make a gift to the Kappa Foundation through your will, trust, or retirement plan.
- Maintain control of your assets during your lifetime.
- Receive a charitable estate tax deduction that may reduce or eliminate estate taxes.
- Optional: Designate your gift for a specific program or scholarship.
- Create a permanent legacy.
TAX BENEFITS (consult your tax advisor)
- Receive an estate tax charitable deduction for the value of your gift to the Kappa Alpha Psi Foundation.
- This deduction may offset estate taxes owed upon your death.
- A bequest of an IRA or retirement asset may save both estate and income taxes.
TYPES OF BEQUESTS
- Specific Bequests are used to make gifts of a certain dollar amount or specific assets such as stock, real estate, or personal property.
- Contingent Bequests will result in gifts to the Kappa Foundation only in the event of the death of other beneficiaries or the fulfillment of certain conditions described in your estate plan.
ESTABLISH A LEGACY AT KAPPA ALPHA PSI FOUNDATION, INC.
- By making a bequest, you will establish a legacy for the Foundation in your honor.
- At your request, your gift may be unrestricted or designated to a particular cause or program that you want to support.
RECOGNITION OF GIFTS
Kappa Alpha Psi Foundation Heritage Society
Brothers and Friends who make a Planned Giving or Bequest gift to the Foundation will be honored as a member of the Kappa Alpha Psi Foundation Heritage Society. These contributors will be awarded a special certificate addressing their contribution. Their names will be permanently placed on our Honor Roll at International Headquarters.
Legacy Program
As a result of the Planned Gift, Kappa Alpha Psi (c) Fraternity, Inc. members and/or Silhouettes donors will become a member of the Kappa Foundation Legacy Program at the appropriate gift level. If the donor is already a Legacy Program member, their status will be upgraded accordingly.
Making a Legacy Gift
There are several ways to make a legacy gift through your estate plan:
- You can make a gift of cash, securities, real estate, or other property directly to the Kappa Foundation.
- You can give the Kappa Foundation a specific percentage of your estate.
- You can designate the Kappa Foundation as a full or partial beneficiary to your retirement plan or life insurance policy.
- You can designate the Kappa Foundation as the beneficiary of all or part of the remainder of your estate or trust.
- You can designate the Kappa Foundation as the full or partial beneficiary of an annuity or trust you have established.
If you wish to document your bequest intention, please complete the Confidential Bequest Notification Form and mail it to our headquarters office. For more detailed information on including the Kappa Alpha Psi Foundation in your estate plan, please contact the Foundation office:
Cheryl Davis
Kappa Alpha Psi Foundation, Inc.
2322-24 North Broad Street
Philadelphia, Pennsylvania 19132
Phone: (215) 225-6566
Email: cdavis@TheKappaFoundation.org
