Recent Donors
Foundation Spotlight
Melissa & John Gargani pitt82 Provide Endowments for Three Chapters Melissa & John…
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23 Men, $64,000 and Growing
When Bill Kahlert minn46 started…
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AN UNDERGRADUATE PERSPECTIVE - Many men heading to university look for the ideal…
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TRIANGLE: A CENTURY OF FAMILY TRADITION - When my dad Lewis McDonald joined…
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An Investment in the Future In an ever competitive global marketplace engineers will…
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The Future Begins With Us When I first volunteered to join the Triangle…
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Bob & Elly Hostetler, Helping Triangle Reach the Summit Bob Hostetler pur62 and…
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Triangle played a very important role in my college life. Like most house…
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The Foundation is much more than a fund raising vehicle. It has real
programs, developed and administered by real people, which provide real benefits
to Triangle Fraternity and its members in building the Triangle Experience. The
Foundation clearly understands and believes that its sole mission is to support
Triangle and its members, and it is committed to that mission. When you, as a
Triangle alumnus, receive your letter seeking support for the Foundation and its
programs, please respond. It's important to the future of Triangle, and, given
Triangle's technical focus, we believe it's also important to maintaining the
competitiveness of our country.
Here are a few simple and convenient ways YOU can support the Foundation and its
educational programs.
Gifts of Cash
The most popular way of contributing to the Foundation is to make a cash gift -
currency, check, money order, credit card, or draft. Checks should be made
payable to the Triangle Education Foundation, 120 S. Center Street, Plainfield,
Indiana, 46168.
Gifts of Appreciated Securities
Gifts of appreciated securities are frequently given to the Foundation since
there are several tax advantages to be realized. First, no capital gains tax
need be paid on appreciated securities that are contributed. Second, in filing
income tax the full current market value of long-term securities (held more than
12 months) may be claimed as a charitable deduction. Contact the Foundation
office to get the details on how to transfer securities to the Foundation.
Matching Gifts
Many corporations provide charitable matching gift programs to their employees.
This is an easy way to double or even triple the impact of your annual gift. The
Triangle Education Foundation is a 501 (c) (3) charitable educational foundation
and is eligible for many corporate giving programs. To find out if your company
will match your gift to Triangle, please contact your company's giving officer
or the Foundation.
Real and Personal Property Real estate and certain items of personal property of
established value can be donated to the Foundation. Personal property which is
beneficial to the Foundation’s purpose and function and real estate are tax
deductible at fair market value as established by a recognized appraiser.
Life Insurance
The outright contribution of all rights of ownership in a life insurance policy
creates for the donor an immediate deduction for income tax purposes. The naming
of a charitable organization as the beneficiary of a life insurance policy will
not provide an income tax deduction, but the proceeds of the policy must be
included in the donor’s estate, and there will be an offsetting charitable
deduction.
Bequests
A bequest through a will is the most frequent form of deferred gift, largely
because it can be a means of making a substantial gift to the Foundation without
diminishing the assets available to the donor during his lifetime. Important
estate tax savings can result from this type of contribution, since bequests to
the Foundation may be deducted from the total estate in determining estate
taxes.
Although the actual drafting of your will should be arranged through your
attorney, counsel for the Foundation is available to confer with you and your
attorney in drafting the appropriate bequest clause.
The simplest of the various ways to provide support for the Foundation through a
will is a bequest of a fixed amount or a percentage of dollars or specific items
of real or personal property. Bequests can be as small as $10,000 and still
provide a perpetual annual gift large enough to have a worthwhile impact.
If you have already decided to include the Triangle Education Foundation in your
will, let us know so that we can recognize you through our “Living Oak Society”
membership -- individuals already committed to the future of our Fraternity.
Life Income Trusts
Individuals who wish to give substantially toward the strength of Triangle yet
wish to retain life income payments from the assets being donated often choose
to enter a life income trust program.
Gifts in the form of living charitable remainder trusts provide the same estate
tax benefits as bequests. In addition, many forms of agreements provide
substantial lifetime income tax benefits. Two basic types are the Charitable
Remainder Annuity Trust and the Charitable Remainder Unitrust.
In each case the individual transfers either cash or property to the Trustee of
the Charitable Remainder Trust (for example, a bank trust department). The
trustee agrees to pay a specified amount to the individual or to his designated
beneficiary for life. Income payments may be based upon a fixed dollar amount or
a specified percentage of the total trust assets. The principal of the trust
when it becomes available to the Foundation following the death of the
life-income beneficiary will be used on behalf of Triangle either in an area of
greatest need or as specified by the donor.
Gifts in Honor, Gifts in Memory
One of the most thoughtful contributions an individual can make is a gift in
honor or in memory of a teacher, advisor, brother, friend, or relative. An
honorary or memorial gift is an appropriate way to recognize someone’s life and
accomplishments. The magnitude and diversity of the Foundation offers many
opportunities for donors who wish to associate the name of a family or respected
individual with a project or program of enduring worth.
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Today's News
Feb 16 2010:
The Foundation Board of Directors has elected Kyle Benesh rit07 as the second undergraduate mem...
Read more... |
Nov 17 2009:
At this fall’s Triangle Education Foundation meeting Brother Al Ver ar65 was elected as a...
Read more... |
Sep 23 2008:
Foundation Elects First Ever Undergraduate to Board of Directors
The Triangle Education Foun...
Read more... |
Aug 18 2008:
In 1907 a group of young men gave of themselves to form an organization
that would impact you...
Read more... |
Aug 18 2008:
The Triangle Education Foundation is pleased to announce it has awarded $12,000
to eight Tria...
Read more... |
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