Legacy Society
Omega Phi Alpha Foundation
Recognizing individuals for their philanthropic, planned legacy gifts to the Foundation
The Omega Phi Alpha Foundation Legacy Society recognizes individuals or families with planned asset gifts, committing bequests, or estate gifts of any percentage or dollar amount to the Omega Phi Alpha Foundation.
One becomes a member of this society as soon as the Foundation Board of Directors is notified of a formal planned gift commitment, leaving a legacy that you can enjoy with your fellow members today.
By choosing to include Omega Phi Alpha Foundation in your estate plans, you become a member of our esteemed Legacy Society, a group of forward-thinking supporters who have made a lasting commitment to our cause. As a member, you’ll receive special recognition in our annual report, invitations to exclusive events, and updates on the impact of your gift.
Why Should I Join the Legacy Society?
Planned gifts provide tax benefits, serve as the core of lasting philanthropy, and empower Omega Phi Alpha members for decades to come!
Legacy gifts inspire and leave a lasting impact on the lives of members we will serve for decades to come!
Legacy Giving
Wills and Bequests Overview
The Foundation Board of Directors is more than happy to offer you insight into how assets could be gifted, but we urge you to always consult an estate planning professional with your estate questions and concerns.
A charitable bequest is one of the easiest ways you can leave a lasting impact on Omega Phi Alpha members. You may include language in your will or trust specifying a gift to be made to Omega Phi Alpha Foundation as part of your estate plan, or make a plan using a beneficiary designation form. A few examples of this include:
Example A
Include a bequest to Omega Phi Alpha Foundation in your will or trust.
Example B
Designate Omega Phi Alpha Foundation as full, partial, or contingent beneficiary of your retirement account.
Example C
Name the Omega Phi Alpha Foundation as a beneficiary of your life insurance policy.
Legacy Giving
Assets as Planned Gifts Overview
Designating one of your assets to the Foundation is another option for planned giving. Here are a few examples of assets as planned gifts:
Stocks and Bonds
No matter which type of appreciated stock or bond you donate, your gift goes further than if you sold it and donated the proceeds as cash.
Real Estate
A gift of real estate offers the Foundation reduced reliance on traditional funding sources and enhances long-term financial stability.
Life Insurance
Name Omega Phi Alpha Foundation as a beneficiary of your life insurance policy, turning a modest investment into a significant gift.
Retirement Assets
Donating part of your unused retirement assets such as a gift from your IRA, 401(k), 403(b), pension, or other tax-deferred plan is another option of legacy giving.
Many people may not know that if you are 70 1⁄2 or older and have an Individual Retirement Account (IRA) you may be eligible to make a qualified charitable distribution (QCD). A QCD counts toward your Required Minimum Distribution (RMD) for the year and reduces your taxable income.
The Foundation Board of Directors is more than happy to offer you insight into how assets could be gifted, but we urge you to always consult an estate planning professional with your estate questions and concerns.
Next Steps
Once you have designated Omega Phi Alpha Foundation as a recipient of your planned legacy giving and are ready to join the Legacy Society, please contact the Foundation Board of Directors to let us know so we can formally acknowledge you!