Building a Strong Foundation for Future Sisters

Mary Pat

Mary Pat's gift will make a lasting impact on future sisters.

By: Mary Pat Lambke, Beta Epsilon-Michigan State University

When I joined Alpha Chi Omega at Michigan State University as a freshman, it was because I was looking for friendship and a place to help make my college experience more personal—a home away from home. What transpired over the four years of college became much more than I expected! I did find friends and sisters, many of whom I am still close with today—some 30 plus years later.

I also found a place to learn about myself and what I might be able to accomplish. I learned about leadership, adversity, philanthropy and community. As my career progressed, I soon began to understand how Alpha Chi Omega had provided me a foundation for my career success.

With that in mind, I also realized the gifts I have been given are not meant solely for me. I wanted to share my gifts—treasure, talent and time—with an organization that is able to launch young women toward successful lives. Since Alpha Chi Omega was prominent in my launch, I simply felt a responsibility to afford other women the same opportunity from Alpha Chi Omega.

While I hope that I still have many years to live, I took the step to name the Alpha Chi Omega Foundation as the first of six beneficiaries of my estate when I do eventually pass away. With this gift, I am entrusting Alpha Chi Omega to push forward through the many challenges and joys of our ever-changing world so that young women from diverse communities can build their foundation for success in their future lives.

There are many ways you, like Mary Pat, can make an impact on the future of Alpha Chi Omega, and on future sisters. To learn more about the many different ways you can make a difference, contact Elizabeth Donaldson at 317.579.5050 ext. 262 or

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A charitable bequest is one or two sentences in your will or living trust that leave to the Alpha Chi Omega Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to the Alpha Chi Omega Foundation, a nonprofit corporation currently located at 5939 Castle Creek Parkway North Drive, Indianapolis, IN 46250, or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to the Alpha Chi Omega Foundation or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to the Alpha Chi Omega Foundation as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to the Alpha Chi Omega Foundation as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and the Alpha Chi Omega Foundation where you agree to make a gift to the Alpha Chi Omega Foundation and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

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