Planned Gifts

Naming Lambda Chi Alpha as the beneficiary of a qualified retirement plan (IRA, 401k), investment account, or annuity is an easy way to make a future gift. There is no cost to make these designations and they can easily be changed at any time. Passing this gift to charity is 100 percent tax free.

How does it work?

Retirement savings are an easy and risk-free way to fund your legacy. If you own a retirement plan such as an IRA, 401K, or 403B, you can leave a lasting legacy and maximize your charitable impact with significant tax savings for your heirs.

Simply fill out a beneficiary designation form provided by your retirement account holder. Name the Lambda Chi Alpha Educational Foundation as your sole, or one of many beneficiaries of your legacy gift. You may choose to designate either a percentage or the entirety of your retirement plan in this risk-free way.

You have supported your family and charities during your lifetime. A will or trust is a purposeful way for you to continue your tradition of lifetime giving.

Designating the Lambda Chi Alpha Educational Foundation as a beneficiary in your will or trust is a simple way to make a future gift. In addition, you can change or revoke this type of gift if your situation changes.

How does it work?

Through a formal legal document, you can provide for family and friends, and designate a gift of a specific dollar amount or percentage of your estate to Lambda Chi.

Donor-Advised Fund (DAF) is a charitable giving account managed by a sponsoring organization.

Receive an immediate tax deduction when you contribute cash, stocks, or other assets to a donor-advised fund.

You can make annual gifts to the Lambda Chi Alpha Educational Foundation from your fund whenever you wish, and designate any remaining funds as a legacy gift.

When directing your gift from your DAF, please provide the following information:

Federal Tax ID Number (EIN): 13-6266432

Address: Lambda Chi Alpha Educational Foundation, Inc., 10 W. Carmel Drive, Suite 220, Carmel, IN 46032

Life insurance can be used to fund a charitable gift, enabling you to make a substantial legacy gift for a relatively modest cost.

There are several ways to utilize life insurance as a legacy giving strategy either through an existing life insurance policy that you already own or through a newly issued policy owned by the Lambda Chi Alpha Educational Foundation.

How does it work?

You may transfer a fully-paid existing insurance policy to the Lambda Chi Alpha Educational Foundation and name it as the policy’s irrevocable owner and beneficiary.

Lambda Chi Alpha is assured of a guaranteed sum in cash at the end of your life, to be used for purposes that you specify. You may receive a tax deduction for the value of the policy at the time of the contribution of the policy to the organization.

You may also purchase a life insurance policy and name Lambda Chi Alpha Educational Foundation as the irrevocable owner and beneficiary. You make the annual premium payments for a limited number of years, for which you may also receive a charitable income tax deduction.

At your death, the insurance policy’s benefits go to the Lambda Chi Alpha Educational Foundation as you specify and thereby fulfill your legacy gift.

Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift.

Giving appreciated assets can help you avoid paying capital gains taxes, and can give you an income tax deduction for the full value of the gift, if you’ve had the assets for more than one year.

To transfer a gift of stock, please provide your broker with the following information:

Corporate Name: Lambda Chi Alpha Educational Foundation, Inc.

Federal Tax ID Number (EIN): 13-6266432

Brokerage Firm: Vanguard Brokerage Services

Vanguard Account Number: 83748457

DTC #: 0062