Planned Giving Essentials

Deferred or planned gifts help you to meet your own financial needs today, while supporting Delta Chi’s future needs. Such gifts can provide significant tax benefits for you and your family.

The Delta Chi 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 Foundation if you are planning to include, or have already included, the Foundation 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.

Heritage Society – The Foundation is proud to establish the Heritage Society to recognize and honor anyone who names the Delta Chi Educational Foundation as a beneficiary of a will, trust, retirement plan, life insurance policy, life income gift or other type of accepted planned giving arrangement. All planned gift donors are eligible to become members of the Heritage Society, as long as their planned gifts are confirmed by the DCEF.  The gift amount is not a factor and does not have to be disclosed.  Heritage Society members may also choose to remain anonymous.

Goals & Gifts – There is a gift to fit every tax planning objective. At your death, a will serves as a road map telling your personal representative how to distribute your assets to other people and/or to Delta Chi.  Our Staff can work with you to find the right plan to suit your needs.

Bequests – Leave your legacy by making a gift in your will to friends, family and Delta Chi. A bequest is one of the simplest ways to remember those you care about most, and provide a sustainable future.

When you are ready to consider any of these opportunities for charitable giving to The Delta Chi Educational Foundation, please contact us at 319-337-4811. We will work closely with your attorney, financial advisor and/or insurance professional to ensure that we administer your gift consistent with your wishes.

  • Many of our members have included The Delta Chi Educational Foundation in their estate planning by naming the Foundation as a beneficiary. Gifts such as these are invaluable in helping us assure the long-term viability and financial stability of the Foundation.

    The Heritage Society members listed below have provided documentation to the Foundation office demonstrating their inclusion of The Delta Chi Educational Foundation in their estate planning by way of wills, trusts, or insurance policies.

    Heritage Society Members:

    Recognition Full Name Associated Chapter Graduation Year
    Patrick J. Alderdice Ball State 1992
    James S. Alex Jr. Oregon State 1974
    Rod Arnold Texas A&M 1988
    Larry P. Audlehelm Iowa 1971
    James T Bedsole S.M.U. 1941
    Paul W. Bohlman Ohio State 1970
    Mark R. Borelli Illinois 1981
    Raymond F. Borelli Illinois 1958
    Fred R Brooks Abracadabra 1940
    L Clark Bryan Florida 1941
    John F Caperton S.M.U. 1949
    Brian E. Capps Central Missouri 1978
    Michael L. Carroll Auburn 1971
    John Merel Cazel Illinois 1956
    Bob E Clements Columbus 1979
    Ratheen C. Damle Texas 2001
    Philip H. Flick Illinois 1953
    Edward Fusco, Jr. Embry-Riddle 1973
    Fredrick B. Hammert Oklahoma 1960
    Robert D. Hendershot Purdue 1972
    Ronald C. Higgins Truman State  
    Thomas E. Hurst Auburn 1976
    Robert L. Knox Southern California 1962
    Joseph F. Lacchia Michigan State 1925
    Lyle A. Lynn Iowa 1934
    Charles A. Mancuso Florida State 1984
    Ronald J. Martin New Haven 1987
    Raymond A. Mathews Illinois 1976
    Kenneth L. Merrick DePauw 1948
    E. Duane Meyer Hobart 1958
    Marcus G. Monk Auburn 1965
    Barry J. Peters Western Michigan 1989
    Patrick J. Phelan Embry-Riddle 1972
    Jerrold H. Rehmar Miami 1957
    John M. Shelby Sacramento 1986
    Steven G. Shockley Georgia Tech 1992
    Michael J. Tumolo Syracuse 2007
    Charles R. Wade Long Beach 1970
    Miles C. Washburn Massachusetts 1987
  • You can make a gift in the form of cash, securities, real estate, or personal property through a provision in your written and executed Will. 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 Delta Chi Educational Foundation in your Will, you help secure leadership development for future generations of Delta Chi members. Gifts and bequests made to the Delta Chi Educational Foundation, a 501(c)(3) charity, may be tax deductible.

    We hope you’ll tell us when you have named The Delta Chi Educational Foundation in your Will. We would very much like the opportunity to thank you for your generosity and add your name to our Heritage Society.

    If you prefer to remain anonymous, your gift will be kept completely confidential.  At the same time, recognition of your gift can encourage others to do the same. Whatever the case, we will honor your wishes, because we greatly appreciate your support.

    When you make a charitable gift by Will, please think it through carefully. First meet with your attorney and tax advisors to discuss and plan your needs and desires. Tell them exactly what you want to do. Be as clear as possible in describing what you want given, and to whom.

    Various Bequest Options

    Unrestricted bequest. These gifts, without conditions attached, assist in supporting DCEF operations that provide administrative and managerial oversight of the educational activities, programs, and scholarships offered to our members. These dollars, in addition to operations, are used where the need is greatest for Fraternity leadership programming.

    Restricted bequest. This type of gift allows you to specify how the funds are to be used. Perhaps you have a special purpose or project in mind. If so, it’s best to consult us when you make your Will to be certain your intent can be carried out.

    Honorary or Memorial bequest. This is a gift given “in honor of” or “in memory of” someone. We are pleased to honor your request and have many ways to grant appropriate recognition.

    Endowed bequest. This bequest allows you to restrict the principal of your gift, requiring us to hold the funds permanently and use only the investment income they generate. Creating an endowment in this manner means that your gift can continue giving indefinitely.  *Note: the DCEF currently has an endowment fund in place; please contact us to see how best your gift can be designated in benefit to the perpetuity of Delta Chi.

    Sample Bequest Language

    If you wish to make a bequeath to the Foundation, said forth below are samples of wording that you can use:

    “I give, devise or bequeath to Delta Chi Educational Foundation, a charitable institution located at P.O Box 2113, Iowa City, IA 52244-2113, for its general purposes the sum of __________ dollars.”

    A similar bequest can be written for a percentage of your estate:

    “I give, devise or bequeath to Delta Chi Educational Foundation, a charitable institution located at P.O Box 2113, Iowa City, IA 52244-2113,  for its general purposes _____ percent of the remainder of my estate.”

    For a gift of residuary estate, you could provide:

    “I give, devise or bequeath the remainder of my estate being property wherever located and not otherwise disposed of by this will to the Delta Chi Education Foundation with offices located at P.O Box 2113, Iowa City, IA 52244-2113, to be used for the general purposes of the Education Foundation.”

    Please consult an attorney, tax professional or investment professional. The information on this site is not intended as legal, tax or investment advice.
  • A Will is a traditional estate planning vehicle. A current Will provides you with an opportunity to distribute your estate according to your wishes. It offers:

    • A chance to care for your heirs according to their special needs;
    • One last opportunity to express your values to your heirs;
    • And the occasion to make a gift to charitable organizations that have touched so many lives, like The Delta Chi Educational Foundation.

    What’s Wrong With My Old Will?
    Check this list of 10 possible life changes that may require updating your will:

    1. Births
    2. Marriage or divorce—yours or one of your children’s
    3. The death or incapacity of a named beneficiary in your will
    4. Changes in your personal net worth
    5. Change of your needs or your beneficiaries’ needs
    6. Change of residence—Do you now live in a different state? Check the laws of that state.
    7. Changes in the tax law
    8. Change of personal representative of your estate or guardian of dependents under your care
    9. New charitable interests
    10. Retirement

    What Happens If You Don’t Have a Will? 
    If you don’t have a legal Will, the state where you are domiciled (i.e., the state in which you live most of the time, vote, have your driver’s license) has one for you. The state legislators who drafted the laws of “intestacy” (laws for the distribution of the assets of those who die without a Will) have made general rules that apply to every situation, no matter what the personal wishes of the deceased. Is this what you want? For the state to decide how to distribute your life savings? If not, it is best that you plan out your Will.

    Planning for Your Will
    Many people mistakenly believe that Wills are only for the rich. Nothing is further from the truth. If you are married or single, if you have children and relatives, you need a Will. If you have charitable causes you want to help perpetuate, such as Delta Chi, you need a Will. If you own a home or have a bank account, stocks or any other kind of property, you need a Will.

    Having your Will prepared by an attorney and executed according to state guidelines is essential. Several steps are necessary for a Will to be legal.

    A Final Note 
    If you are considering a charitable gift to the Delta Chi Educational Foundation, think of the advantages of designing it by Will. During your lifetime, a bequest is private, changeable at any time, and does not deprive you of the use of assets or income.

    Please consult your attorney, tax professional or investment professional. The information on this site is not intended as legal, tax or investment advice.
  • Whatever your tax strategy, there is a gift to fit every objective. And no matter how or what you give, rest assured that you will be helping out a cause close to your heart, Delta Chi. After determining the gift that is right for you, you will need to meet with your financial advisor or our organization to begin implementing your wishes. 

    The following chart details a gift vehicle for every goal:

    •Make a revocable gift during your lifetime
    •Defer a gift until after your lifetime
    •Make a large gift with little cost to yourself
    •Avoid the two-fold taxation on retirement plan assets
    •Avoid capital gains tax on the sale of a home or other real estate
    •Give your personal residence or farm, but continue to live there
    •Create a hedge against inflation over the long term
    •Reduce gift and estate taxes on assets passing to heirs

    Donate cash, securities or personal property
    •Name the DCEF as a beneficiary of assets in a living trust
    •Name the DCEF in your Will
    •Give a policy to the DCEF as owner and beneficiary
    •Name the DCEF as a beneficiary of the retirement plan assets after your lifetime
    •Donate the property to the DCEF
    •Designate the ownership of your home to the DCEF, but retain occupancy
    •Create a trust that pays a percentage of the trust’s assets, valued annually
    •Create a trust that pays a fixed or variable income to the DCEF for a set term, and then passes to heirs
    Income tax deduction; avoidance of any capital gains tax
    •A donation exempt from federal estate taxes
    •Current income tax deduction; possible future deductions
    •Avoidance of heavily taxed gift to heirs, allowing less costly gifts
    •Immediate income tax deduction and avoidance of capital gains tax
    •Immediate income tax deduction and fixed income for life
    •Current and future savings on income taxes; fixed payments for life
    •Reduced size of taxable estate; keeps property in family, often with reduced gift taxes

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