Homecoming 2019…and there was much rejoicing!
Delta Pi Sigma Pi Scholarship Foundation
PLANNED GIVING
Still have questions? Take a look at the FAQ or reach out anytime. If you’re feeling ready, go ahead and donate!
Thanks for your support of the Delta Pi Alumni Association and for supporting our Scholarship Fund(s).
Organization Legal Name:
The Delta Pi Sigma Pi Scholarship Foundation
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The Delta Pi Sigma Pi Scholarship Foundation,
1143 Avalon Pkwy, Williamsport, PA 7701,
Tax Identification Number: 87-2998420.
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Continue to support our Brotherhood by leaving a bequest to The Delta Pi Sigma Pi Scholarship Foundation in your will or living trust. Provide for your loved ones AND your Brotherhood as you plan your legacy. Leave a set amount of cash from your estate to our Foundation. You may also donate specific assets like life insurance, individual stock(s), or mutual funds.
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Bequest of cash:” I bequeath the sum of $100,000 to The Delta Pi Sigma Pi Scholarship Foundation, 1143 Avalon Pkwy, Williamsport, PA 17701, Tax Identification Number: 87-2998420.
Bequest of property: I bequeath [all of my interest in my home and real property located at [ 1 Main Street, My town, USA] [all shares of ABC stock owned by me at the time of my death] [my art collection] to The Delta Pi Sigma Pi Scholarship Foundation, 1143 Avalon Pkwy, Williamsport, PA 7701, Tax Identification Number: 87-2998420.
Bequest of Portion of Estate: I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to.
Contingent Bequest: “If my brother Harry McGee survives me, I devise and bequeath 20% of the remainder and residue of property owned at my death, whether real or personal, and wherever located to Harry McGee. If Harry McGee does not survive me, then I devise and bequeath 20% of my residual estate, whether real or personal property, and wherever located to The Delta Pi Sigma Pi Scholarship Foundation, 1143 Avalon Pkwy, Williamsport, PA 17701, Tax Identification Number: 87-2998420.
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QUALIFIED CHARITABLE DISTRIBUTIONS (IRA ROLLVERS)
Donors who reach the required minimum distribution age of 72 (or 70½ if born before 7/1/1949) can experience tax benefits by donating via a Qualified Charitable Distribution (QCD) from an existing IRA.
These QCD donations can be used to fulfill your Required Minimum Distribution (RMD) for the year, which may decrease your tax burden while furthering The Open Door’s mission.
Gifts of up to $100,000 total from your IRA(s) could potentially be made without being taxed via a QCD donation IRA gift may not be deductible; however, they might increase your ability to make other deductible charitable gifts.
Charitable donations to The Delta Pi Sigma Pi Scholarship through your IRA may limit the increase to your taxable income even if you do not itemize deductions.
Organization Legal Name:
The Delta Pi Sigma Pi Scholarship Foundation
Address: 1143 Avalon Pkwy, Williamsport, PA 17701
EIN: 87-2998420
Download our IRA Distribution Form
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CHARTIABLE GIFT ANNUNITIES
A Charitable Gift Annuity (CGA) is a simple, tax-effective gift that mutually benefits you and the charitable organization of your choice. When you make a charitable gift to fund a CGA, you receive an immediate tax-deduction on a portion of that gift. You then receive fixed payments every year for the duration of your life. Your legacy lives on after your passing as the remaining balance of your gift goes to support The Delta Pi Sigma Pi Scholarship Foundation.
Organization Legal Name: The Delta Pi Sigma Pi Scholarship Foundation
Address: 1143 Avalon Pkwy, Williamsport, PA 17701
EIN: 87-2998420
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STOCK DONATIONS
Stock donation is an increasingly popular way to creatively fund The Delta Pi Sigma Pi Scholarship Foundation. It is simple and also potentially beneficial from a tax standpoint.
Here are two primary tax benefits associated with giving stock that is held more than 12 months:
1. Potentially avoid paying capital gains tax on any increased value of your stock.
2. Potentially receive a tax deduction for the full fair market value of the stock on the date of the gift.
Download our Stock Donation Form
For estate planning advice, please contact your attorney, financial planner or accountant.
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DONOR ADVISED FUND
A Donor Advised Fund (DAF) is an increasingly popular charitable vehicle due to its favorable tax benefits. Part of the increased popularity comes from the flexibility to make multiple contributions to the DAF and control when distributions, such as setting up a monthly gift, are made to The Delta Pi Sigma Pi Scholarship Foundation,
Contact us or your Donor Advised Fund administrator on how you can contribute monthly. To make a gift to The Delta Pi Sigma Pi Scholarship Foundation via your Donor Advised Fund,
please use the information included below.
Organization Legal Name: The Delta Pi Sigma Pi Scholarship Foundation
Address: 1143 Avalon Pkwy, Williamsport, PA 17701
EIN: 87-2998420
For estate planning advice, please contact your attorney, financial planner or accountant.
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DISCLAIMER
Information on this website is not intended as legal or tax advice. For information on how any gift may affect your tax situation, please consult with your own professional advisor, attorney, or accountant.
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Money in our Scholarship(s) is managed by the Foundation and can only be used for student scholarship awards. We, however, get to decide the beneficiary. The amount available for our award is calculated annually by the foundation and is based in part on the amount of money we have in the fund. Selection criteria includes GPA and an Active Brothers standing within the Fraternity.
And since the Bloomsburg University Foundation, Inc. is a 501(c)3 organization, your donations are tax deductible.
Brothers, we’ve all gained something special from our time in the fraternity - friendships, raucous memories, and a network that lasts a lifetime. Now’s your chance to make it even more meaningful. Planned Giving is a simple way to make a lasting impact. We have outlined multiple options for you. Big or small, your contribution helps keep our traditions alive and our alumni. Brotherhood growing for years to come. Continue your charitable giving while benefiting from potential significant tax savings. We offer multiple Planned Giving options. Learn more below.
Concerned about how exactly to do it? We can make Planned Giving hassle-free. To learn more, simply contact our Investment Management committee at 913-424-7006 or at tcamv4@gmail.com
The Delta Pi Sigma Pi Scholarship Foundation’s sole purpose is awarding of scholarships to contribute to the education of active Delta Pi brothers, alumni in good standing, and family of alumni. We will do this through raising funds and awarding scholarships aimed at enhancing the quality of life for our brotherhood and their families.
What’s the main headline? The DPSPAA has formed a 501c3 nonprofit. A key benefit is it will allow us to administer our own scholarship program. This program is separate and in addition to our current scholarship program with Bloomsburg University Foundation (BUF). This program will include active brothers, dues paying alumni and immediate family of dues paying alumni.
Why are we doing it? Bloomsburg University’s decision to not recognize Greek life is a driving factor. By starting our own scholarship program, we have added flexibility while also diversifying our portfolio beyond BUF. Plus, many alumni expressed a strong desire for us to do this.
When will this happen? We are now actively pursuing contributions to the Foundation. See below on how to contribute.
How is this Organized? The Delta Pi Sigma Pi Scholarship Foundation is administered separately from the DPSP Alumni Association. We have established separate accounts. Our banking is through Wells Fargo and Investments through Fidelity. We have established a separate Paypal account for ease of contributing and will include Zelle at a later time. The foundation has a dedicated board:
Ron Cioffi -President
Bob Snyder- Vice President
Ed Minner -Treasurer.
Will we still offer scholarships via the Bloomsburg University Foundation? Yes, this program will continue. Specifically, for the Delta Pi brotherhood at Bloomsburg University. If you wish to contribute to the BU foundation instead of this please contact us at Dpspscholarship@gmail.com
How will the new scholarship program work? In short, eligible recipients to include active brothers, dues paying alumni, the immediate family of dues-paying alumni to any accredited U.S. post-secondary schools, including technical schools. Upon reaching a suitable amount of funds to offer scholarship, we will provide information, on this page, for the application process as well as eligibility requirements.
Is my donation tax deductible? Your donation will be tax deductible. The foundation is a registered 501C3 organization and you will be provided a receipt for your contribution(s) to use for tax filing purposes.
When can I contribute? NOW! To the right on this page is a link to our dedicated Paypal account as well as a QR code. Note that the Paypal account is registered as a charitable account and has lower fees, but still has a 1.99% transaction fee. We will have access to Zelle in the future for those that have access to that. There are no transaction fees associated with Zelle. If you wish to make a contribution via check or for larger contributions, please contact us at dpspscholarship@gmail.com
In the future we will have information for you to register your Amazon accounts to allow for contributions from Amazon with every transaction you make.
Any questions please contact any of the board members or email at dpspscholarship@gmai.com
We are funding in this way for maximum transparency. We want all contributions to travel a completely transparent path that anyone can follow, and that is completely separate from any other funding options Delta Pi presently utilizes.
