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| Planned Giving |
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| Manigault Society |
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Deferred or planned gifts help you to meet your own financial needs today, while supporting Alpha Sigma Phi's future needs. Such gifts can provide significant tax benefits as well as lifetime income for you and your family.
The Alpha Sigma Phi 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 the Old Gal 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.
Your planned gift makes you a member of the Manigault Society. Click on the Manigault Society link on the left hand side of the screen to learn more about the Manigualt Society and your gift options.
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 Alpha Sigma, 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 Educational Foundation in your will, you help secure leadership development for future generations of Alpha Sigs.You may find the following language helpful in making an effective bequest to the Foundation. It has been approved by the Alpha Sigma Phi Educational Foundation's legal counsel.
Bequest of a percentage of your estate:
"I bequeath to the Alpha Sigma Phi Educational Foundation with offices located in Carmel,
Indiana, an amount totaling _______ percent (%) of my estate to be used for the general
purposes of the Educational Foundation."
Bequest of a specific sum:
"I bequeath to the Alpha Sigma Phi Educational Foundation with offices located in Carmel,
Indiana, the sum of $_______, to be used for the general purposes of the Educational Foundation."
A gift of residuary estate by will:
"I bequeath the remainder of my estate being property wherever located and not otherwise
disposed of in my will to the Alpha Sigma Phi Educational Foundation with offices located
in Carmel, Indiana, the sum of $_______, to be used for the general purposes of the
Educational Foundation."
Gifts of Life Insurance
Life insurance is a useful vehicle for making a substantial gift for the future of Alpha Sigma Phi 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 owed 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 Alpha Sigma Phi 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 Alpha Sigma Phi 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 Alpha Sigma Phi Educational Foundation, you can significantly reduce your estate and gift taxes on transfers of wealth to your children or grandchildren.