A deferred charitable gift annuity provides fixed payments to you for life in exchange for your gift of cash or securities. The payments start on a date you choose that is at least one year after you make the gift. 

Deferred gift annuities are easy to set up, and the payments you receive are backed by the general resources of Sigma Chi Foundation for as long as you live. 

A deferred charitable gift annuity could be right for you if:

  • You have sufficient income now but want to supplement your cash flow later.
  • You want the security of fixed, dependable payments for life.
  • You want to save income taxes or capital gains taxes.
  • You would like income that may be partially tax-free.
  • You are considering a gift amount of $10,000 or more.
 

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A simple contract
A deferred gift annuity is a simple arrangement between you and Sigma Chi Foundation that requires a one or two page agreement. You will incur minimal or no costs to establish the arrangement and no costs at all to maintain it.  

Irrevocable gift 
A deferred gift annuity is an irrevocable arrangement. Once you transfer assets in exchange for the deferred gift annuity, you cannot change your mind and get the assets back. This requirement assures that whatever is left of your gift when the deferred gift annuity ends will go to support Sigma Chi Foundation.

Fixed payments for life, starting when you want them
In exchange for your irrevocable gift of cash, securities, or other assets, Sigma Chi Foundation will pay a fixed amount each year for life.

  • You choose when payments start. For example, you can specify that payments start in the year you plan to retire.
  • Once your payments start, they will last for your lifetime. You cannot outlive your payments.
  • Payments are predictable. Your payments will not be affected by investment performance or market conditions.  You will get the same amount each year, no matter what.
  • Payments are very secure.  They are backed by the general resources of Sigma Chi Foundation, not just by the assets you donate.

Tax-advantaged payments
Typically, part of each payment will be tax-free for many years. This tax-free portion makes your payments more valuable than an equal amount of fully taxable income.  

Who can receive payments?
You decide who will get the payments from your gift annuity. Usually, this will be you, or you and your spouse. Alternatively, you can select one or two other people to receive the payments from your gift annuity. For example, you may wish to provide income for a child, a sibling, or a faithful employee. 

Payment amount depends on age and years until payments start
As shown in the table below, the older you are when you start receiving payments and the longer you wait to start your payments, the greater the payment rate you will receive. If you choose other people to receive the payments from your deferred gift annuity, their ages when they start receiving payments will determine their payment rate.

Sample deferred annuity rates for a $10,000 gift

Age at Gift Years Deferred Payment Rate Payment Deduction

55

10

5.5%

$550

$1,901

57

8

5.2%

$520

$2,172

59

6

4.9%

$490

$2,438

60

5

4.8%

$480

$2,491

 

Tax benefits

Income tax savings 
You will earn an immediate income tax charitable deduction in the year of your gift, providing tax savings if you itemize. The amount of this deduction will depend on several factors. If you cannot use the entire deduction in one year, you may carry forward your unused deduction for up to five additional years.

Capital gains tax savings
If you give appreciated property, such as stock, to create a deferred gift annuity, you will pay tax on only some of your capital gain in the property. Even better, if you are the payment recipient of your deferred gift annuity, this capital gain will be spread out in installments over many years and won't start until the year you begin to receive payments. In this case, your capital gain income will replace some of the tax-free portion you would receive if you were to give cash.

Estate tax savings
By removing the gift assets from your estate, you may also reduce future estate taxes and probate costs. The amount of these savings will depend on the size of your estate and on estate tax law in force at the time your estate is settled.

Example

David James, 55, works full time and expects to work for another 10 years or so. He owns CDs and a money market account, both of which pay about 2% interest each year.

David would like to make a significant gift to Sigma Chi Foundation, but he wants to be sure he has adequate cash flow after he retires. He can dramatically increase his after-tax cash flow in his retirement by giving some of his CD or money market account funds to Sigma Chi Foundation in exchange for a deferred gift annuity.

The table below illustrates the results if David gives $50,000 to create a deferred gift annuity that starts making payments in 10 years. In addition to earning a substantial income tax charitable deduction, David is able to significantly increase his cash flow from the $50,000, and will receive an immediate income tax deduction that may provide tax savings!

 

Tax benefit Income before tax Income after tax (37% tax rate)

David keeps $50,000 in CD/Money Market

None

$1,000

$630

David funds a 5.5% gift annuity with payments deferred 10 years

$9,503* income tax deduction

$2,750

$2,485

*Deduction amount may vary depending on the timing of the gift.

Donors-Scholars Initiative

Each year, your generous donations make it possible for the Sigma Chi Foundation to grant numerous academic scholarships and awards to our deserving undergraduate and graduate brothers. Providing scholarships and academic awards furthers the Foundation’s goal to promote academic excellence. We proudly award brothers who show outstanding leadership, academic motivation and commitment to their chapters and campuses. The Sigma Chi Foundation will provide $505,000 in academic scholarships to undergraduate and graduate students over the 2018-19 academic year. This year, your gifts impacted individuals from 169 different Sigma Chi chapters. This includes an 12th-consecutive annual increase of $25,000 or more in awards.

The Sigma Chi Foundation’s Donor-Scholar Initiative provides a naming opportunity to interested alumni who wish to directly support the Foundation’s expanding scholarship program. Donors contributing to this effort at an endowment level (a one-time gift of $25,000) will have an annual academic scholarship named for themselves, or an honoree, for a minimum of 30 years. Donors are also encouraged to establish a mentor relationship with the recipient(s).

learning continuum

Our overarching goal is to positively impact every undergraduate brother every year with values-based leadership training and support.  Sigma Chi is focused on the relevant issues confronting our brothers on college campuses today, better educating these young men on alcohol misuse, drug abuse, hazing, sexual misconduct, suicide, depression and much more through an integrated presentation of our values.

By providing our members with world-class leadership initiatives, through the support of major gifts to the Foundation, Sigma Chi is helping young men develop into character-based leaders who are committed to the betterment of their chapters, campus and community.

The curriculum leads brothers to reflect upon leadership within themselves and the actions they take in everyday life, and think about how that impacts their communities and others. These modules allow our in-person programming to be more targeted and effective.

Click here to learn more about Sigma Chi’s leadership initiatives supported by the Sigma Chi Foundation.

planned giving

“I wanted to reflect that my career arc was fundamentally improved because of Sigma Chi. And I wanted to be able to leave a legacy beyond my own life that would provide that opportunity to others. ... What Sigma Chi and the Foundation do is help build good men. Our nation needs that, and I thought there was no better way to support that than through a planned gift to the Foundation so the next generation can have the benefit of Sigma Chi and learn and grow as young men.”

John Pasquantino UNLV 1984
White House Deputy Associate Director, Office of Management and Budget

Leave A Legacy

A planned gift to the Sigma Chi Foundation enables a brother to define their legacy and directly impact the lives of future Sigma Chis and our Fraternity.

Why are planned gifts so important? Our ‘One Voice’ strategic plan envisions a $100 million cash reserve that will expand world-class leadership programming and academic scholarships. While we are making great progress, planned gifts will be vital to our ultimate success.

By including Sigma Chi Foundation in your estate plan, you will help us achieve our goal and, at the same time, enjoy practical advantages for your estate and heirs.

Here are ways you can leave a legacy:

gifts by bequest

A bequest to Sigma Chi Foundation can be made for a specific amount, a percentage of your estate, or all or a portion of what is left after you have provided for your family. With a bequest, you retain control of and use of your assets during your lifetime and can potentially save on income taxes, capital gains and estate taxes.

life insurance gifts

Life insurance policies are powerful philanthropic tools often allowing a donor to make a much larger donation than they ever thought possible. Donors can name Sigma Chi Foundation as their beneficiary or transfer poilcy ownership to the Foundation and then make tax deductible gifts to pay the premiums. Sigma Chi Foundation receives the proceeds of the policy after your lifetime.

life income gifts

Your gift can be structured to provide you income for life. Sigma Chi Foundation will make a fixed payment to you for life with the remainder benefiting the Fraternity. Such arrangements are particularly appealing because donors can often reduce taxes and increase their spendable income. You benefit now and Sigma Chi benefits later.

gifts of retirement assets

Designating Sigma Chi Foundation as a beneficiary of all or a specified percentage of your 401(k) or other retirement plan assets can save your estate both income and estate taxes. Additionally, if you are age 70.5 or older, you can roll over up to $100,000 a year from your IRA as a charitable gift and count it towards your required minimum distribution.

bell chapter challenge

As an undergrad, your home chapter was your Sigma Chi world. It was where you forged your leadership skills, formed lifelong bonds of friendship and shaped what kind of man you would become. Please consider engaging with your Sigma Chi Foundation to continue that rich legacy at your chapter.

make your chapter a bell chapter

Sigma Chi has made a difference in the lives of over 300,000 brothers and these brothers want to give back. More importantly they want to give back to where they lived Sigma Chi, their own chapter. The Bell Chapter Challenge provides an excellent opportunity to make this happen and provides your chapter with enhanced benefits from the Foundation.

Your unrestricted, and tax-deductible, gift to the Sigma Chi Foundation will support the key leadership and scholarship programs provided by Sigma Chi for your chapter. These cutting-edge, valuesbased opportunities help change the lives of undergraduates at your chapter, bringing them to their full potential in college and life.

Our chapters need strong, values-based leaders to grow stronger. Engage with your Sigma Chi Foundation today and cultivate tomorrow’s leaders!

benefits provided to bell chapters

  • Krach Transformational Leaders Workshop
    Bell Chapters can send up to 5 additional attendees to Workshop for free.
    Gold level Bell Chapters will receive an additional $1,000 travel stipend for Workshop.
  • Horizons Leadership Training Program
    Bell Chapters will receive up to 2 designated slots for qualified undergraduates
  • Academic Scholarships
    Bell Chapters will receive up to 3 designated $1,000 academic scholarships for qualified undergraduates.
  • Education and Leadership Stipend
    Gold Level Bell Chapters will receive a $3,000 educational stipend to cover the costs of educational programming for the chapter.
  • Crossroads Program
    Bell Chapters will receive the Crossroads program at no cost.
LEVELS BLUE GOLD
Amount $10,000 per year
$250,000 Endow*
$20,000 per year
$500,000 Endow*
Chapter Benefits
  • 3 Additional free registration slots at KTLW (8 Total)
  • $250 KTLW Travel Stipend
  • 1 Designated Horizons Slot
  • 2 Designated $1,000 Academic Scholarships that will recognize lead donor
  • Crossroads retreat at no cost to Chapter
  • Donor plaque for chapter house
  • 1 Exclusive Bell Chapter Dinner invite at KTLW
  • 5 Additional free registration slots at KTLW (10 Total)
  • $1,000 KTLW Travel Stipend
  • 2 Designated Horizons Slots
  • 3 Designated $1,000 Academic Scholarships that will recognize lead donor
  • Crossroads retreat at no cost to Chapter
  • $3,000 Stipend for Journey Chapter Retreat
  • Donor plaque for chapter house
  • 1 Exclusive Bell Chapter Dinner invite at KTLW
  • Krach Transformational Leaders Workshop
    Bell Chapters can send up to 5 additional attendees to Workshop for free.
    Gold level Bell Chapters will receive an additional $1,000 travel stipend for Workshop.
  • Horizons Leadership Training Program
    Bell Chapters will receive up to 2 designated slots for qualified undergraduates
  • Academic Scholarships
    Bell Chapters will receive up to 3 designated $1,000 academic scholarships for qualified undergraduates.
  • Education and Leadership Stipend
    Gold Level Bell Chapters will receive a $3,000 educational stipend to cover the costs of educational programming for the chapter.
  • Crossroads Program
    Bell Chapters will receive the Crossroads program at no cost.
Blue  
Amount
  • $10,000 per year
  • $250,000 Endow*
Chapter
Benefits
  • 3 Additional free registration slots at KTLW (8 total)
  • $250 KTLW Travel Stipend
  • 1 Designated Horizons Slot
  • 2 Designated $1,000 Academic Scholarships that will recognize lead donor
  • Crossroads retreat at no cost to Chapter
  • Donor plaque for chapter house
  • 1 Exclusive Bell Chapter Dinner invite at KTLW
Gold  
Amount
  • $20,000 per year
  • $500,000 Endow*
Chapter
Benefits
  • 5 Additional free registration slots at KTLW (10 total)
  • $1000 KTLW Travel Stipend
  • 2 Designated Horizons Slot
  • 3 Designated $1,000 Academic Scholarships that will recognize lead donor
  • Crossroads retreat at no cost to Chapter
  • $3,000 Stipend for Journey Chapter Retreat
  • Donor plaque for chapter house
  • 1 Exclusive Bell Chapter Dinner invite at KTLW

*Based on accumulated cash in your chapter’s Bell Fund.

For more information contact Dakota Chavez, Associate Director of Development, at (847) 425-4408.

Did you know?

The Sigma Chi Foundation is eligible for all company matched gifts made to 501 (c) (3) foundations. Please check with your employer to see if you can double the size of your gift!

Bell Chapter List for 2019-2020

other ways to give

memorial gifts

You may wish to direct memorial gifts to the Sigma Chi Foundation to honor the memory of a deceased brother. Unrestricted gifts will be applied to the area of greatest need to support educational and leadership development opportunities for undergraduate members. Gifts may also be directed to a specific chapter or program fund. The Sigma Chi Foundation is a 501 (c) (3), charitable, educational organization and gifts are tax-deductible to the fullest extent allowable by law. Following is suggested language that may be used in an obituary to direct gifts to the Sigma Chi Foundation on behalf of a brother who enters the Chapter Eternal.

Contributions may be made to the Sigma Chi Foundation, 1714 Hinman Ave., Evanston, IL 60201.

matching gifts

The Sigma Chi Foundation is eligible for all company matched gifts made to 501 (c) (3) foundations. Please check with your employer to see if you can double the size of your gift!

distinguished visitors program

The Sigma Chi Foundation’s Distinguished Visitors program has provided alumni with an opportunity to reconnect to their Sigma Chi roots and impact undergraduate brothers since its inception in the 1980s. This year, 24 brothers attended the Huntsman Horizons Leadership Summit in Snowbird, Utah or the Balfour Leadership Training Workshop in Bowling Green, Ohio. During their visits, these men, who are among Sigma Chi’s most accomplished brothers, shared their values, their wisdom and their perspective on leadership with undergraduate brothers.

regional alumni receptions

Over the course of the 2018 to 2019 fiscal year, the Sigma Chi Foundation Board of Governors and staff made a targeted effort to connect with alumni in United States metropolitan areas with special reception events. Hosted by Foundation board members and donors, these events provided an opportunity to deliver updates from the General Fraternity and to discuss Sigma Chi’s forward direction. The receptions will expand to new regional locations over the present 2019 to 2020 fiscal year. For more information on these events or to receive a reminder when the Sigma Chi Foundation visits your area, e-mail the Foundation at foundation@sigmachi.org.

volunteering

Have some time on your hands and would like to contribute in other ways? Then consider the Fraternity’s volunteer programs. Help out on the international level in fraternity governance, on leadership programs such as the Balfour Leadership Training Workshop, or on one of the committees that keeps the organization running.

amazon smile

Did you know that you can contribute to Sigma Chi while making an online purchase through Amazon? Visit smile.amazon.com and select the Sigma Chi Foundation as your philanthropy of choice. A small percentage of each purchase made through Amazon Smile will support the leadership mission of Sigma Chi.