Alpha Phi Delta Foundation
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Alpha Phi Delta is making an impact on the lives of our brothers. Your personal generosity has made this success possible.
We've just released the Alpha Phi Delta 2016-17 Impact Report (click here). I think you will be amazed at all the wonderful things your donations over the years have helped fund.
- Our graduation rate is a life changing 20 percentage points above the national average
- Our chapters have conducted over 120 community service projects the past year
- Our Kleos keeps brothers connected and engaged
- Our leadership conferences provided training for over 350 undergrads this past year
- 55 deserving young students were aided via Alpha Phi Delta Scholarships
- Our Brotherhood 4 Life programs and career nights provide support and mentoring relationships for our brothers.
We all pride ourselves in our deep bonds of fraternalism and in the accomplishments of our chapters and brothers. All of us remember fondly the experiences that we had as young brothers. We have relished our brotherhood in the years that have followed.
Perspectives on Tax-wise charitable giving
Gift to APD—With Income to You
“The whole is greater than the sum of its parts.” This idea has resounded across the centuries and continues to resonate today. There is a gift arrangement that is truly greater than the sum of its parts—the charitable gift annuity.
How the charitable gift annuity works
A charitable gift annuity is unique because the gift creates an exchange. The University agrees to pay a lifetime income to you in exchange for your gift. The income amount depends on your age, the amount of the gift, and when you want the lifetime payments to begin. Making a larger gift or deferring the start of payments will result in a higher payment amount.
Example: Rennie, age 80, has $20,000 in a CD that is ready to mature. He would like to make a gift to APD and continue to protect his retirement. When he learns about the charitable gift annuity, he sees a way to do both. He decides to use some of his funds to set up a $10,000 charitable gift annuity to endow a scholarship. In exchange for his gift, he will receive annual payments of $680 for the rest of his life, which will provide an important income stream in retirement, and a portion of the annuity payments will be tax-free. The gift also qualifies for a tax deduction this year in the amount of approximately $5,000, based on IRS tables.
The APD Gift Annuity is flexible
Thanks to a number of attractive gift annuity options, a charitable gift annuity can be tailored to suit your unique needs. Let’s look at some of the things you can do with a gift annuity.
Defer your annuity payments: If you are still in the midst of a career and retirement is a still a long way off, the APD Gift Annuity is a way to give now, enjoy an immediate current-year income tax deduction, accumulate income for the future, and receive a reliable fixed income during retirement.
Example: Sebastian plans to work for several more years. At age 55, he sets up a $50,000 charitable gift annuity to begin payments in 15 years. At that time, when he is 70 years old, she will begin receiving annual payments of $4,000. The payments will continue each year for the rest of his life. HIs gift qualifies for a charitable deduction of approximately $23,400 this year.
Cover one or two people: You can design your gift annuity to pay income to yourself, or to yourself and another person (for example, your spouse). If two people are covered under the gift annuity, payments continue as long as either one of them is alive.
Example: Richard and Marge, both age 75, set up a two-life gift annuity for $20,000. They receive an annual payment of $1,000. Ten years later, after Richard’s death, Marge continues to receive the annuity of $1,000 every year.
Provide payments for someone else: You can design your gift annuity to pay income to support another person. Even if you’re not the person receiving payments, you still benefit from the tax deduction.
Example: Gary, age 68, wants to help his 80-year-old brother, Robert. Gary sets up a charitable gift annuity that makes annual payments to Robert for the rest of Robert’s life. The payment amount is based on Robert’s age. Gary claims an income tax deduction for his gift.
Yet another option permits you to establish an APD Gift Annuity through your will. You can include a bequest provision that leaves a legacy to APD, with direction to the Foundation to use the legacy to set up a gift annuity that will pay income to a family member or friend for his or her lifetime. The remaining gift asset will ultimately be used by APD for the purpose you specify.