Ways To Give
To ensure that gifts are tax-deductible, we have partnered with the Zeta Beta Tau Foundation, a 501(c)3 public charity exclusively committed to educational and charitable purposes that assist the brothers of Zeta Beta Tau Fraternity. All gifts to this effort will be directed to the Foundation, which will then utilize the contributions for the benefit of Psi Chapter in the manner designated by the donor.
This partnership provides us with the professional infrastructure needed to sustain the multi-year timeline of activity needed for a campaign. The Zeta Beta Tau Foundation will provide professional stewardship for our project, including the timely acknowledgement of gifts made, tracking and sending reminders as needed for multi-year pledges, and the ability to accept gifts of appreciated securities (saving the donor capital gains tax) or other types of tangible property. Additionally, they will provide on-going administration of our scholarship funds, including investment and financial management, as well as, with input and counsel from the Psi Alumni Board of Trustees, determining the annual recipient(s) of our scholarship funds.
In acknowledgment of these significant benefits and services the Zeta Beta Tau Foundation is providing, ten percent (10%) of each gift restricted for Psi Chapter’s use will be allocated to The Fund for ZBT to support the immediate needs of the Foundation and the undergraduate brothers of the Fraternity – including our own Psi Chapter brothers.
Please consider a multi-year pledge. Gifts may be spread out over a period of up to five (5) years, and the opportunity to create a scholarship or program, or name a room or portion of the house, either in your own name or in honor/memory of another, is available for leadership gifts.
Thanks to our partnership with the Zeta Beta Tau Foundation, there are many options available that can help make your gift as meaningful and tax-efficient as possible:
Gifts of Securities
With the stock market run-up over the last few years, one of the best methods for charitable giving involves contribution of appreciated stocks and bonds. You can avoid capital gains taxes on appreciated securities you donate and you can deduct the full fair market value of the gift from your taxes in the year you make the gift. Securities may be sent through the mail in certificate form or transferred electronically from your brokerage account using these details for the receiving account:
Brokerage: UBS Financial Services, Inc.
Account Number: 2H-13853-KS
Account Name: Zeta Beta Tau (Tax ID# 80-0244485)
DTC Number: 0221
DTC transfers do not designate where a gift should be applied, so when making an electronic transfer please notify the ZBT Foundation of the security name and number of shares, to ensure that your gift is properly credited to the Championing Our Second Century campaign.
Credit Card or Bank Draft
Individuals aged 70½ or older can make gifts up to $100,000 per year using funds transferred directly to the Zeta Beta Tau Foundation from their IRA without paying taxes on the distributions. The transfer generates neither taxable income nor a tax deduction, so you will benefit even if you do not itemize your tax deductions. In addition, your IRA gift can count toward your minimum required distribution in the year the gift is made as long as you have not received your distribution for the same year.
These types of gifts include land, artwork, coin or stamp collections, or other personal property. The donor should arrange and pay for a third party, independent and qualified appraisal of the tangible property. As with a gift of securities, gifts of tangible property enable the benefactor to avoid a capital gains tax and claim the fair market value on the property, as opposed to the cost basis.
Though the campaign is focused on current, cash gifts, estate gifts will be accepted and included in our campaign totals. Such gifts may be used to create a scholarship or leadership endowment in the donor’s name (or in the name of another), but scholarships will not be awarded and leadership grants will not be made until the named fund reaches the endowment level required by the Zeta Beta Tau Foundation (currently $25,000). Estate gifts may not, however, be used to name a portion of the Chapter house until the gift is actually received from the donor’s estate.