About The Chi Psi Educational Trust:

From its founding in 1841, Chi Psi has enhanced the collegiate experience for thousands of young men.  For more than 175 years, Chi Psi has continuously evolved to remain a beneficial complement to the educational missions pursued at host institutions, while remaining true to our core values.

The Chi Psi Educational Trust, Inc. provides funding for programs in leadership development, introspective analysis, values-based alcohol education, and Alpha management, as well as opportunities to compete for scholarships and fellowships. This support enables Chi Psi to fulfill its role in the educational mission, and to touch the lives of every man who joins our Brotherhood. Like all charitable organizations, The Chi Psi Educational Trust depends upon public, unrestricted support – particularly from Brothers of Chi Psi and their families - to advance its important mission. Since the founding of The Educational Trust in 1926, we have been fortunate to receive many planned gifts to support educational endeavors.

RESTRICT YOUR GIFT

WANT YOUR PLANNED GIFT TO SUPPORT A SPECIFIC ALPHA?

You can easily do this! The Chi Psi Educational Trust has restricted funds for the educational benefit of each Alpha as requested by its alumni corporation. Each is named “Dedicated Fund: [Alpha Name & School].” Include this language in your plans or contact Assistant Executive Director, Advancement, Steve Habat to make sure we know how to restrict your gift.

There are many other different ways to make a planned gift to Chi Psi, and we encourage you to consult your attorney or financial advisor to discuss the best options for you. Some of these options may enable you or a designee to receive income for life. Examples of these include Charitable Gift Annuities and Charitable Remainder Trusts.

Once again, thank you for your support of The Chi Psi Educational Trust.

GIFTS BY WILL

Bequests by will to The Chi Psi Educational Trust are exempt from federal and most state inheritance taxes. With a gift by bequest, your total estate value is reduced by the amount of the bequest to the Trust, potentially reducing your overall estate tax.

By your will (which you may change by a codicil) or your revocable trust (which you may change by an amendment), you can make the Trust the beneficiary of cash, securities, and/or other property. You may designate by a specific amount or a percentage of your estate, or you may make the Trust a residual beneficiary of your estate; that is, a recipient of some part of the balance after payment of specific bequests, expenses, and taxes.

Below is sample language for your consideration. Your legal counsel can help you to refine the bequest language to suit your specific wishes for the Trust.

Specific Amount for General Purposes

“I give, devise, and bequeath to The Chi Psi Educational Trust in the City of Nashville, Tennessee, the sum of $_____ to be used for its general purposes.”

Percentage Amount for General Purposes

“I give, devise, and bequeath to The Chi Psi Educational Trust in the City of Nashville, Tennessee, _____% of the rest, residue, and remainder of my estate, to be used for its general purposes.”

If you do decide to include the Trust in your will, we would find it very helpful to have a copy of that portion of your will for our records.

GIFTS FROM RETIREMENT PLANS

The simplest planned gift of all, and the most tax efficient, is made from a tax-deferred retirement plan: 401(k) plans, 403(b) plans, and individual retirement accounts (IRAs). Left as part of an estate, tax-deferred assets will be subject to income tax and possibly other forms of taxation. Where qualified, however, naming the Trust as a beneficiary of a retirement plan allows the gift to pass directly to the Trust free of any taxes.

This is also one of the easiest gifts to put in place. In most instances, simply go to the website of the trustee or custodian of the plan and change the beneficiary designation. Like a bequest from a will or trust, the gift may be a specific dollar amount or a percentage of the plan assets.

To designate The Chi Psi Educational Trust as a retirement plan beneficiary, the tax ID number is 03-0386312.

Please consider sending a copy of your beneficiary form to the Central Office for our records.

GIFTS OF LIFE INSURANCE POLICIES

You can name the Trust as a primary or contingent beneficiary of a life insurance policy. If you retain any control over the policy, no income tax deduction is allowed; however, if the Trust is named both the sole owner and beneficiary of a paid-up policy, you may receive an immediate charitable deduction for the lesser of the policy’s fair market value or the net premiums paid. Additional premiums that you pay may also be tax deductible.

Please consider letting the Central Office know if you make a gift in one of these ways so we can update our records.

For more information on any of the above, please contact a member of Chi Psi’s Development team.