Jennifer Zoul Walker, Alpha Kappa

Jennifer Zoul Walker, Alpha KappaCharitable giving has always been an important part of my life. Not only because I work in the charitable sector, but because I believe in and have seen the power philanthropic giving can have on those who benefit from the gift, as well as the personal impact giving has on the giver. Annually, my husband Robert and I consider where we will make charitable gifts and to which organizations we want to focus our financial support. The opportunity to make an estate gift arose after we had our first child, Grace. We knew we had a responsibility to document our wishes for the care of our daughter in the event something should happen to us. As we began the process of drafting our wills, we had no difficulty agreeing on who and how Grace should be cared for in the future. Our struggle came when we considered to whom we would make a charitable gift. Since we both have several organizations we care for, we decided to take a percentage of our estate and split it into two, giving each of us the opportunity to allocate our percentage to the cause(s) of our choice. Our last big marital compromise.

Being a planner, I quickly made a list of organizations I support. From the list, I thought it would be easy and fun to determine which causes I wanted to support with one final gift. But for me, it wasn't easy or fun at all. To be honest, it was stressing me out. How could I choose? All the organizations on the list held a special place in my heart for one reason or another. And I wasn't happy with the idea of splitting my gift among all or a handful of the organizations...I wanted to make one last significant gift.

Frustrated, I put the list down promising I would come back to it later. A few days went by and my mind continued to think about the list of organizations, but I was no closer to my answer. After a week of putting off the decision, I sat down with the list once again. In the doodles on the paper I had written the word IMPACT. Yes, in capitals. I wanted to make a gift that could really make an impact on an organization. A gift that says,"You have made a significant, positive difference in my life. I hope this gift does the same for the work of your organization." That is when I knew the single organization for whom my gift would be given. The organization that taught me about friendship, leadership, responsibility, fun, the value of education and service to others. An organization that gave me a Purpose and continues to challenge me to live that Purpose each day of my life, no matter who is watching, because I am a life-long member.

I circled the Alpha Gamma Delta Foundation on my list...smiling to myself that I had made the decision much harder than it had to be. The answer was clearly on the page the whole time. It was the first organization on my list.

Alpha Gamma Delta shaped me into the woman I am today...a mother, wife, friend, sister, daughter, professional, Christian, community supporter, etc. It is an honor and privilege to give the Alpha Gamma Delta Foundation an estate gift. It is the least I can do for all that she has given to me. My love and loyalty to Alpha Gamma Delta forever.

Jennifer Zoul Walker, Alpha Kappa

A charitable bequest is one or two sentences in your will or living trust that leave to the Alpha Gamma Delta 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 Gamma Delta Foundation, a nonprofit corporation currently located at 8710 N Meridian Street, Indianapolis, IN 46260, 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 Gamma Delta 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 Gamma Delta 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 Gamma Delta 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 Gamma Delta Foundation where you agree to make a gift to the Alpha Gamma Delta 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.

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