It sometimes may be difficult to make a substantial financial commitment to the Foundation. Donating a larger cash sum all at one time may be a daunting undertaking. Even giving cash donations in smaller parts over time may be challenging. But there are other creative ways in which you can show your support and have a significant impact. There are several "cash alternatives" that you may want to explore. 
- Real Property
A gift of this type may offer some of the greatest tax advantages for the donor. A gift of appreciated property during your lifetime typically qualifies as tax-deductible and avoids capital gains tax on the profit. It is also possible to transfer real estate and continue to use the property for life.
- Securities
Contributing stock, bonds or other securities which have appreciated in value since their purchase can have significant tax benefits for the donor. You receive a tax deduction for the full value of the gift and avoid capital gains taxes on the appreciated value portion. To receive this benefit, the properly endorsed stock or securities should be sent to the Foundation with a certificate of transfer, not sold directly by you.
- Life Insurance
Donating life insurance can be a significant asset for the Foundation while requiring a relatively small dollar investment in premium payments made during your lifetime. There are several options. The Foundation can be named as the owner of the policy and therefore the premiums paid qualify as tax-deductible. Alternatively, an existing policy can name the Foundation as the beneficiary. Additionally, the benefits paid from these policies are not taxable as a part of your estate.
- Planned Estate Giving
The Heritage Society is a unique group of alumni and friends of the Fraternity who have worked with the Foundation to include Phi Sigma Pi in their estate plans. Donors retain full control of their assets during their life since a bequest is a gift made through their will. Through planned giving, Heritage Society members minimize the effect that donating cash has on their current lifestyle.
Bequests may specify a designated sum of money or be stated as a percentage of the estate or provide that the residual of the estate be directed to the Phi Sigma Pi Foundation. The residual of the estate is everything left after other specific desires have been satisfied. In addition to cash, bequests can also include the transfer of real estate, stocks and bonds or other valuable personal property to the Foundation.
Heritage Society members receive a pin, a special Certificate of Honor and are recognized and introduced at national alumni receptions and other events. Heritage Society members understand the value of endowing the future of their Fraternity through their estate. This also is an opportunity to give more than they might otherwise be able to from discretionary income.
The Phi Sigma Pi Foundation suggests you consult your financial planner to evaluate your specific tax and financial situation. For information on how to make Phi Sigma Pi a beneficiary or to discuss other creative ways to give, contact the Phi Sigma Pi Foundation at pspfoundation@phisigmapi.org or 717-299-4710.
