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Planned giving opportunities create a legacy for the future of the foundation, Phi Beta Sigma Fraternity, Inc., and their programs and initiatives. By establishing a planned gift with the foundation, your legacy will help to position members for success both today and in the future.

The following planned giving options provide the opportunity for everyone, regardless of the size of their donation or estate, to contribute:

Cash – Whether $10, $100, or $10,000, and whether donating to the foundation, a specific scholarship, a philanthropic initiative, or an estate gift, the bottom line is that every gift count, regardless of size or designation.

Appreciated Stock – By making a charitable gift of appreciated stock, you can avoid or delay the capital gains tax. You can also take an immediate income tax deduction for the current fair market value of the stock, regardless of the purchase price.

Bequest through Will – One of the simplest and most popular ways to make a gift that will live after you is to give through your will. Such donations can also reduce your estate tax burden.

Charitable Remainder Trusts (Annuity and Uni-trusts) – Donors and spouses can benefit from lifelong payments from such trusts. The donor selects the rate of return from these income arrangements and chooses a fixed or fluctuating annual payment to be made to the designated parties for as long as they live. Capital gains taxes can be completely bypassed, and you’ll receive a tax deduction.

Charitable Lead Trust – Assets (generally cash or securities) are transferred to a trust that pays income from the fund to the foundation for the number of years you select. At the end of the designated time period, the trust terminates, and the assets are given back to the person you name. This type of trust helps lower the estate and gift taxes that would otherwise be owed on the assets. This option is especially attractive if you want to leave assets for your children or grandchildren in the future.

Gift Annuity – In exchange for a gift of cash, stock, or securities, the foundation will pay you, you and your survivor, or another person named by you a guaranteed income for life. In addition, you receive a substantial income tax deduction in the year of the gift—and part of the annual payment is nontaxable.

Deferred Gift Annuity – This is similar to a gift annuity except that payments begin for you at a future date of your choice. Your tax deduction and the annual rate of return on your annuity increase the longer you wait to start payments.

Life Insurance – Consider naming the foundation the owner and beneficiary that will receive the proceeds of an existing life insurance policy. You will receive a tax deduction for approximately the cash surrender value of the policy, thereby reducing your tax liability in the year of the gift. An alternative idea is to purchase a new life insurance policy naming the foundation as owner and beneficiary. With this option, you receive an income tax deduction for each premium made.

Retirement Accounts and Pension Plans – Account funds (IRAs or company plans) beyond the comfortable support of yourself or loved one(s) may be given to the foundation by proper beneficiary designation. Large pension plan assets can be subject to double or triple taxation, which virtually eliminates the benefits to heirs if tax-wise alternative planning is not arranged.

Real Estate – For some people, a gift of land, primary residence, or vacation home is a preferred way to contribute. You will receive a tax deduction for the full fair market value, avoid all capital gains tax, and remove this asset from future estate taxes.

Note: This information does not constitute legal advice. Please consult your professional advisor.

To further discuss any of the above options …