Bequests by will, a charitable remainder unitrust, a charitable remainder annuity trust, a pooled income fund gift, or a charitable gift annuity can all support our goals while giving the donor immediate tax-free benefits. We are pleased to provide additional information about these programs to you and your advisors – contact Chuck Nickel at (513) 751-1133.
501(c)(3) Tax Exemption
The Alpha Rho Chi Foundation is the only tax deductible means for charitable contributions to the Fraternity to the full extent permitted by law. It is classified as a 501(c)(3) organization under its corporate charter registered in the State of Illinois.
Suggested Language for Bequest Provisions
We are not lawyers, and ask that you consult with your legal advisor before incorporating these elements into your will. Below we’ve listed several common examples to make a bequest in your will or revocable living trust. This language is intended as examples, not as legal advice.
“I give to the Alpha Rho Chi Foundation, a not-for- profit organization registered with the State of Illinois, the sum of __________ or the following property: _____________....”
You may wish to designate your gift for a specific purpose. In 2017, the Foundation manages four funds that are for specific national purposes and there are 16 other funds that are managed by local chapters, alumni association or the Grand Council. For example:
“…to be used for the benefit of __[name specific fund]__ for the following purpose or purposes: _______.”
Or consider an unrestricted gift which allows the Foundation’s Board of Directors to place your gift where it may do the most current good. For example:
“…..to be used by the Alpha Rho Chi Foundation purposes as determined by their Board of Director’s discretion.”
Please contact the Foundation President or Treasurer for specifics of various fund purposes and/or oversight authorities.
This is a gift of a percentage of your estate after all other bequests, debts and taxes have been paid.
Honorary or Memorial bequest
This gift is given “in honor of” someone living or “in memory of” someone deceased.
The bequest allows a donor to restrict the principal of the gift, requiring the Foundation to hold the funds permanently separate and only use a set amount of the interest earned on the principal for the purposes designated. If you are interested in this option, please contact the Foundation Treasurer as there are minimum gift amounts for this option.
Charles L. Nickel
Nicole M. Dress, AIA