How to Include Phi Kappa Tau in Your Estate Plans

Phi Tau brothers from all walks of life, with estates ranging from modest to complex, have shared a common bond through the years: their abiding interest in assuring the lasting fiscal strength of their Fraternity. Through their determination to act on that interest, they establish a legacy of support, most commonly by including a charitable bequest in their will or other estate planning document.

A bequest to Phi Kappa Tau may be made through a will or living trust in the form of cash, securities, real estate or other property. You should specify that the Phi Kappa Tau Foundation is to receive a certain amount or percentage of your estate or particular assets, or the remainder of your estate after providing for heirs. Please contact us if we can assist you and your attorney or financial advisor in establishing a bequest for the Phi Kappa Tau Foundation.

We acknowledge members, whose gift of bequest, trust assets, life insurance or other deferred gifts have helped sustain the mission of Phi Kappa Tau by entering them into the prestigious Heritage Society.

When including the Foundation in a bequest, the following language may serve as a guide:

For Unrestricted General Use

“I give and bequeath to the Phi Kappa Tau Foundation, an Ohio not-for-profit corporation whose current address is 5221 Morning Sun Road, Oxford, Ohio 45056, the sum of $______ [or _______ percent of my estate] to be used in fulfillment of its charitable purposes as its Board of Trustees shall determine.”

For a Specific Purpose

“I give and bequeath to the Phi Kappa Tau Foundation, an Ohio not-for-profit corporation whose current address is 5221 Morning Sun Road, Oxford, Ohio 45056, the sum of $______ [or _______ percent of my estate] for the following purpose: ______________________________. It is understood and agreed that should the purpose for which this gift is made cease to exist, then the Foundation Board of Trustees shall direct the gift for such other uses and purposes as it determines to be in accordance with my original intent in making this gift.”

Residue of Estate

“All the rest, residue and remainder of my property, real and personal, I give, devise and bequeath to the Phi Kappa Tau Foundation, an Ohio not-for-profit corporation whose current address is 5221 Morning Sun Road, Oxford, Ohio 45056, to be used in fulfillment of its charitable purposes as its Board of Trustees shall determine.”

Bequest Coordinated with IRA Beneficiary Designation

"Upon my death, I intend to make charitable gifts in the amount of $ _____________ to the Phi Kappa Tau Foundation, an Ohio not-for-profit corporation whose current address is 5221 Morning Sun Road, Oxford, Ohio 45056. I intend to make this gift by naming the Phi Kappa Tau Foundation as the designated beneficiary of my Individual Retirement Account(s) or other accounts. To the extent that all gifts passing to the Phi Kappa Tau Foundation as a result of those beneficiary designations are less than the amount stated in this paragraph above, I give cash or other estate assets to the Phi Kappa Tau Foundation in such amount as will result in the Phi Kappa Tau Foundation receiving the total amount stated in this paragraph above, as a result of my death, under this last will and testament and under all other non-probate arrangements."

Tax Status: The Phi Kappa Tau Foundation, founded in 1945, is a tax-exempt, 501(c)(3) organization, incorporated in the state of Ohio. The Foundation’s federal tax identification number is: 31-6024975.

Notice: The information contained herein is not presented as legal opinion or advice. As with all legal matters, you are strongly encouraged to consult with a qualified attorney regarding your will and other matters relative to your estate plan.

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