A bequest is a gift of personal property in any amount or form made to Sigma Chi through a donor’s will. Bequests may be specific, such as a dollar amount in cash, identified securities, or listed articles of tangible personal property. Bequests can also be general, such as a percentage of the residue of the estate. If you have a question about the types of assets the Foundation will accept, please contact the office. Once you have prepared your will, we ask that you provide a copy to the Foundation for our records. Please know that we treat this as strictly confidential information.
The following is sample language that can be used based on how you wish to structure your unrestricted gift:
Option 1: the sum of $__________
Option 2: ________ shares of stock in ___________ Company
The following is sample language that can be used for a restricted gift:
“I give, devise, and bequeath to the Sigma Chi Foundation, a 501 (c)(3) charitable and educational Corporation (Federal I.D. #36-2208386) incorporated in the State of Colorado, [percentage, specific, or residual language as listed above] for [stated purpose (chapter and/or program)].”
A cautionary note about restricted gifts: Oftentimes, donors want their gift to support a specific program for members of a specific chapter. If you are considering restrictions on the Foundation’s use of your gift, please keep in mind that programs that exist today may not exist in the future, and even the strongest chapter today may become inactive in the future. Therefore, we suggest you use general terminology and provide a contingency for the Foundation in the event a named chapter is inactive for a period of time, to ensure that your funds are serving Sigma Chi in the manner that you intended.
The Sigma Chi Foundation recognizes those who create planned gifts with membership in the James Parks Caldwell Society. For more information about including Sigma Chi in your will or any of our Planned Giving options, please contact John Price, Director of Legacy Giving, at 847-425-4476 or at firstname.lastname@example.org. You can also speak to one of our Gift Officers. This information is not intended to serve as legal or tax advice. Please consult a professional advisor.