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Deferred or planned gifts help you to meet your own financial needs today, while supporting Delta Tau Delta's future needs. Such gifts can provide significant tax benefits as well as lifetime income for you and your family.
The Delta Tau Delta Educational Foundation staff welcomes the opportunity to work with you and your legal and financial advisors to establish individual deferred gift arrangements. Please be sure to notify the Educational Foundation if you are planning to include or have already included Delta Tau Delta in your estate plans.
As with outright gifts, deferred gifts may be restricted and designated to specified programs based on the donor's wishes, or they may be left unrestricted to give the Foundation the flexibility to meet unforeseeable needs.
The following is a brief guide to planned gift options including:
Bequests
Gifts via bequests are one of the most significant way donors can benefit the Delta Tau Delta Educational Foundation, and represent one of the Foundation's most important sources of individual support. Through a provision in your written and executed will, you can make a gift in the form of cash, securities, real estate, or personal property. A bequest removes assets from your estate and reduces exposure to federal taxes. You may choose to leave all or a portion of your bequest unrestricted, affording the Foundation the flexibility to address unforeseen priorities. When you include the Delt Foundation in your will, you help secure leadership development for future generations of Delts.
You may find the following language helpful in making an effective bequest to the Foundation. It has been approved by the Delta Tau Delta Educational Foundation's legal counsel.
Gifts of Life Insurance
Life insurance is a useful vehicle for making a substantial gift for the future of Delta Tau Delta without removing major assets from your portfolio. An irrevocable trust funded with life insurance allows you to replace, for your heirs, the assets used for a charitable gift to the Foundation. A gift of life insurance may be made in various ways.
A fully paid up policy can be donated, naming the Educational Foundation irrevocable owner and beneficiary. The donor is then entitled to an income tax deduction for an amount equivalent to the cash value of the policy.
A policy on which premiums are still owing can be donated, naming the Foundation irrevocable owner and beneficiary. Here the donor is entitled to an income tax deduction for the amount equivalent to the cash value of the policy and for any additional gifts to fund premium payments.
A new policy may be purchased, naming the Educational Foundation owner and beneficiary. The donor is entitled to an income tax deduction for gifts made to the Foundation that are designated for premium payments.
Charitable Trusts
You can create a charitable remainder trust by irrevocably transferring cash, securities, or property to a trust for the Delta Tau Delta Educational Foundation's benefit. A charitable remainder trust ensures that your assets will be professionally managed and provides income to you or other beneficiaries for life, or for a term of years. After the lifetimes of the income beneficiaries, the principal (remainder) goes to the Delta Tau Delta Educational Foundation to be used for the purposes you designate.
Multiple tax benefits are often available from this irrevocable gift arrangement:
bypass of capital gains tax
a charitable income tax deduction
reduction of estate taxes
bypass of property tax
Charitable remainder trusts can be funded with almost any asset and are available in a variety of types to suit individual circumstances. The two basic versions include annuity trusts and unitrusts.
Annuity trusts provide a guaranteed income stream by paying the same fixed amount annually for life.
Unitrusts pay a variable income based on a fixed percentage. Such trusts are valued each year, and you receive a fixed percentage (usually 5 to 7 percent) of that value. Income from unitrusts reflects market conditions. Additional contributions can be made to these trusts, thus increasing your income as the principal grows.
A charitable lead trust works like a charitable remainder trust with two major exceptions. With a charitable lead trust, assets are transferred to a trust for the Educational Foundation's benefit. Instead of the donor being paid a percentage of the trust's value each year over a fixed term, or for the life of the donor, the Educational Foundation receives the payments generated by the trust. At the conclusion of the trust term, the funds are returned to the donor or are passed on to the donor's beneficiaries. In a sense, the donor is lending funds to the Educational Foundation to generate investment income for its programs.
Charitable lead trusts are perfect for the donor who wishes to benefit the Fraternity but also wants to pass assets on to children or other family members. By making this "loan" to The Delta Tau Delta Educational Foundation, you can significantly reduce your estate and gift taxes on transfers of wealth to your children or grandchildren.
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