Foundation Issues Year-End Giving Reminder
As the end of 2018 approaches, the Sigma Chi Foundation is reminding brothers and donors of opportunities to receive additional charitable income tax credit by the Dec. 31, 2018, deadline.
Gifts of appreciated property, such as publicly traded securities, are a sound and convenient way to benefit Sigma Chi while providing favorable tax consequences.
Donors may avoid capital gains tax by making a gift of appreciated assets that have been held for at least one year. They may also qualify to receive a charitable income tax deduction for the full fair-market value of the stock at the time of the gift.
Donors who are over age 70 ½ can make a direct transfer to Sigma Chi with a rollover from their traditional IRA account.
Any amount of up to $100,000 will not be included in donors’ taxable income and will count toward the required minimum distribution.
Gifts to Sigma Chi support academic scholarships and educational initiatives for members as the Fraternity builds leaders of good character and impacts lives in the face of a challenging world.
For more information, contact email@example.com to be connected with a member of the development team in your region. Interested persons also may contact Director of Legacy Giving John Price, OKLAHOMA STATE 1991, at (847) 425-4476 or firstname.lastname@example.org.