The Oxford Society recognizes those generous alumnae and friends who have projected their love and support of Delta Zeta beyond the horizon of their own life by making an estate or planned gift. There are many ways to give to Delta Zeta through your estate planning, including naming Delta Zeta a beneficiary of your will, trust, retirement plan or insurance policy.

Bequests

Bequests through a will are the most common means of making a planned charitable gift. To make a bequest, a donor should instruct her attorney to add a provision to her will naming Delta Zeta Foundation as a beneficiary of her estate.

The following sample bequest language is appropriate:

“I give, devise and bequeath the (insert dollar amount or percentage of estate) to Delta Zeta Foundation (tax id 31-0940640), a not-for-profit corporation existing under the laws of the State of Ohio, or its successor organization. Said Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, and contributions to it are deductible under the provisions of federal income, gift and estate tax laws.”

Individuals who have made the Delta Zeta Foundation a beneficiary of their last will and testament are asked to provide an attorney’s letter or copy of this page from their will so Delta Zeta can acknowledge the donor’s generosity and properly plan its future.

Life Insurance

Many people own some form of life insurance because of its unique ability to meet a variety of needs for financial protection. A donor can name Delta Zeta the beneficiary of a new policy or one she currently owns but no longer needs.

Donors may be able to receive an income tax deduction for annual life insurance premiums and a portion of the value of the policy.

Retirement Plans

Using retirement plan assets for a gift to Delta Zeta and other assets for family members can be beneficial to all. Because of the way qualified plans are taxed, at death, relatively little of the assets in the plan may end up in the hands of family members or beneficiaries. These assets not only are included in the gross estate for federal estate tax purposes, but are also taxed when received by the beneficiaries as income in respect of the decedent.

Charitable Gift Annuities

This enables a donor to make a gift of cash or other assets to the Foundation and receive income, capital gain and estate tax benefits. The donor makes an annuity agreement gift with the Foundation and retains the right to receive life income payments from the gift. In the event of the donor’s death, the Foundation may use the remaining principal for educational programs and scholarships.

Charitable Remainder Trusts

A charitable remainder trust offers income, capital gain and estate tax benefits to the donor while creating a generous gift for the Foundation. The donor establishes a trust, from which she or her designated beneficiary(ies) receives life income payments. In the event of the donor’s death, the Foundation receives the principal, or “remainder,” of the trust.

Giving to Delta Zeta from Your IRA

Congress reinstated a law that allows a donor to make a tax-free gift from her individual retirement account (IRA). Known as the IRA charitable rollover, this law no longer has an expiration date so a donor is free to make annual gifts to Delta Zeta from her IRA this year and well into the future.

The law allows individuals 70½ and older the ability to transfer up to $100,000 from their individual retirement accounts directly to a qualified charitable organization without being subject to income taxes on the distribution.

What is the procedure to execute an IRA Charitable Rollover?


We offer a sample letter you can send to your plan provider to initiate a rollover. Make sure that you contact us when you direct the rollover so we can look for the check from your IRA administrator. Our Charitable IRA rollover sample letter can help you arrange this type of gift with your IRA administrator.

The IRA custodian must make the check payable to Delta Zeta Foundation.

Notify us to expect your gift and tell us where to direct the funds so we can be certain to provide you with the proper receipting to satisfy the IRS requirements

If you have questions about IRA Charitable Rollover gifts, please contact DZFoundation@deltazeta.org.