Ways to give
You can’t repay the fraternity for all of the benefits you enjoyed as an undergraduate, but you can pay it forward...
Please join us in ensuring that our undergraduates enjoy the same fraternity experiences as we did during the most formative years in our lifetime.
GIFTS OF CASH
The easiest and most common form of contribution is a gift of cash. We prefer that alumni write a check, rather than actually making cash contributions. This way, there is a written record of your contribution and you have proof. All contributions to Theta Chi at Michigan State are directed to the Delphic Endowment Fund. Checks should be written to:
Delphic Endowment Fund
Theta Chi Fraternity at Michigan State
c/o John Ringlein ’84, Treasurer
23050 Pilcher Road
Plainfield IL 60544
Alumni may contribute by credit card here:
Alumni may also contribute by electronic bank drafts.
Routing #: 071000013
270 Park Avenue, New York, NY 10017
Account #: 275019906
Account Name: Delphic Endowment Fund
Account Address: 23050 Pilcher Road, Plainfield, IL 60544
GIFTS FROM YOU IRA, 401(K) OR 403(B) RETIREMENT ACCOUNTS
If you are 70 ½ years old or older, you may contribute funds directly from your IRA, 401(k), or 403(b) to a charity of your choice. Congress passed the law in 2017, permanently allowing contributions from your retirement fund to a charity without tax consequences. Since the contributor never paid taxes on the funds, there are no tax implications on a direct transfer for contributions up to $100,000 per year. The alumnus cannot claim a tax deduction, since no taxes were paid on the funds in the first place. However, the alumnus avoids paying income taxes on an IRA withdrawal, if he were to withdraw the funds and then make a charitable contribution. This is especially advantageous for alumni who are facing a Required Mandatory Distribution of funds each year.
GIFTS OF SECURITIES
If alumni would like to make a gift of securities to the Delphic Endowment Fund, benefitting Theta Chi at Michigan State, we have a Schwab account established to receive electronic transfers of stock. Schwab will need a SIGNED letter of instruction from the individual contributor or his broker, transferring the stock.
Account #: 6979-8718
DTC #: 0164
With the boost in the economy, the stock market has reached record levels. Contributions of stocks and bonds are one of the best methods for giving. While it makes no difference to the fraternity how you give, it is a considerable advantage to the contributor to give securities.
While the Delphic Endowment Fund is not a 501(c)(3) charitable organization, a contributor of securities does avoid paying a capital gains tax. Counting state and local taxes, this may amount to a 21-23% tax savings as a result of the sale of your investments, depending on the state in which you reside.
GIFTS OF TANGIBLE PROPERTY
These gifts include land, artwork, or other personal property of appraised value. The contributor should arrange and pay for a third party, independent and qualified appraisal of the tangible property. Gifts of art, land, coin or stamp collections are easily valued and liquidated. As with a gift of securities, a contribution of tangible property enables the benefactor to avoid a capital gains tax.
GIFTS OF LIFE INSURANCE
You may gift a Life Insurance policy to the Delphic Endowment Fund. You will need to name the Delphic Endowment Fund as the sole beneficiary of the policy, and make a written pledge to pay the remaining premiums, if any premiums remain outstanding. Contributors may also pledge to make a contribution to the Delphic Endowment Fund, in order to cover premium obligations.
GIFTS FROM ESTATES
One of the oldest and best methods for leaving a legacy for Theta Chi at Michigan State is by making a gift from one’s estate. Most Americans may simply bequeath an amount from their estate to their favorite organizations by inserting a codicil in their Last Will that states:
“I hereby give, devise and bequeath $_____ to the Delphic Endowment Fund of Theta Chi Fraternity at Michigan State.”
[Have the codicil signed, witnessed and notarized]
RESIDUAL GIFTS FROM ESTATES
In the case of a “residual” bequest, it means that once all the beneficiaries have been compensated as directed by the Last Will; then the charity receives whatever is left over. This form of bequest is popular when there are numerous beneficiaries to an estate who are not necessarily receiving equal benefits from the decedent.
WHO TO CONTACT:
Jim Harvin ‘71
Beta Zeta Chapter of Theta Chi Fraternity
John Ringlein ‘84, Treasurer
Beta Zeta Alumni Assoc.
Wesley K. Wicker, Ed.D.