Bequests through a will are the most common means of making a planned charitable gift.

• Specific Bequests provide that Alpha Xi Delta receives a specific dollar amount, percentage of your estate or piece of property.
• A Residuary Bequest provides that Alpha Xi Delta receives all or a stated portion of your estate after all other bequests, debts, taxes and expenses have been distributed.
• A Contingent Bequest ensures that if circumstances make it impossible to carry out your primary provisions (as when your spouse or other heirs do not survive you), your assets will then pass to the Alpha Xi Delta Foundation rather than to unintended beneficiaries.

This enables the donor to make a gift of cash or other assets to the Foundation and receive income, capital gain and estate tax benefits. The donor makes an annuity agreement gift with the Foundation and retains the right to receive life income payments from the gift. In the event of the donor’s death, the Foundation may use the remaining principal for charitable purposes.

A charitable remainder trust offers income, capital gain and estate tax benefits to the donor while creating a generous gift for the Foundation. The donor establishes a trust, from which she or her designated beneficiary(ies) receives life income payments. In the event of the donor’s death, the Foundation receives the principal, or “remainder,” of the trust for use in charitable purposes.

Known as the IRA charitable rollover, this allows individuals 70½ and older the ability to transfer up to $100,000 from their individual retirement accounts directly to a qualified charitable organization without being subject to income taxes on the distribution.

Here are the details:

• You are age 70½ or older at the time of the gift.

• You transfer up to $100,000 directly from your IRA. This opportunity applies only to IRAs and not other types of retirement plans.
• You transfer the funds outright to one or more qualified charities. The legislation does not permit direct transfers to charitable trusts, donor advised funds, charitable gift annuities or supporting organizations.

If you are considering an IRA Charitable Rollover, please contact us and we can send you a sample letter to help you arrange this type of gift with your IRA administrator. We encourage you to take the following steps to take advantage of this opportunity:

• Provide your IRA custodian with a letter (we can send you one!) or provide your advisor with our taxpayer ID number and mailing address:
  
  Alpha Xi Delta Foundation
  1389 W 86th Street #350
  Indianapolis, IN 46206-6069
  Taxpayer ID# 35-6053701
• The IRA custodian must make the check payable to Alpha Xi Delta Foundation.

• Notify us of when to expect your gift and tell us where to direct the funds so we can be certain to provide you with the proper receipting to satisfy the IRS requirements.

Many people own some form of life insurance because of its unique ability to meet a variety of needs for financial protection. You could name Alpha Xi Delta beneficiary of a new policy or one you currently own but no longer need.

You can leverage your retirement assets to benefit you and your family, reduce federal taxes, and support Alpha Xi Delta Foundation far into the future. Name Alpha Xi Delta Foundation as a beneficiary of your IRA, 401(k), or other qualified retirement plan. Pass the balance of your retirement assets to Alpha Xi Delta Foundation by contacting your plan administrator. Please note: It’s important to tell Alpha Xi Delta Foundation about your gift. Your plan administrator is not obligated to notify us.