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Oak Trust Society

Oak Trust Society logoThe Pi Kappa Alpha Foundation is pleased to recognize alumni and friends who have included the Foundation in their estate plans as members of The Oak Trust. In very significant ways, Oak Trust members embrace the mission to educate and empower principled leaders. These alumni and friends are helping Pi Kappa Alpha, in perpetuity, to continue to provide a fraternal and collegiate experience founded on the principles of leadership, scholarship and citizenship.

If you have established a bequest, please let us know at PikeFoundation@pikes.org or 901-748-1948 so that we can welcome you as a member of the Oak Trust Society.


Statement of Intent Form

 

A. Frank Smith | Oak Trust Member Since 1996

DA. Frank Smith

A. Frank Smith (Florida, Alpha Eta '66) (right) greets Joseph J. Plumeri (William & Mary, Gamma '64) (left) and Joe Caruso (Florida Tech, Zeta Sigma '70) (center)

Brother Smith is passionate about Alpha Eta Chapter (University of Florida) and Pi Kappa Alpha. Frank's financial and volunteer support spans 50 years. He desires to continue that support through a legacy gift that will impact the lives of young men for generations. Through careful planning with the advice of financial and legal professionals and in consultation with the Pi Kappa Alpha Foundation, Frank crafted a gift vehicle that includes a percentage of his estate via a living trust. This transformational gift is a 33 percent designation for the general benefit of PIKE University with each of three specific areas allocated one-third; a designated named award for Alpha Eta Chapter, a designated named award for PIKE University attendance via the Alpha Eta Chapter Endowment Fund, and PIKE University Endowment Fund.

Brother Smith said, "Pi Kappa Alpha has played such a significant role in my life ever since I joined Alpha Eta Chapter in 1965. In fact, it truly did change my life! It is difficult to imagine where or what I would be today without the Fraternity, its impact on me, and all that it has given to me. Naming the Foundation in my estate plans is just another way of 'paying it forward.' Having participated in PIKE University events for many years, it is very easy to see the tremendous growth it provides to our young new members and brothers. That combined with the 'True Pike Experience' will affect them so positively during their undergraduate days and throughout their entire lives. I so very much want to see this continue well into the future."

For more information, contact the Pi Kappa Alpha Foundation at (901) 748-1948 or email pikefoundation@pikes.org.


A charitable bequest is one or two sentences in your will or living trust that leave to Pi Kappa Alpha 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 hereby give, devise and bequeath to Pi Kappa Alpha Foundation (Tax ID 62-6039877), a non-profit, educational corporation located at 8347 West Range Cove, Memphis, TN 38125, the sum of ________ (or ____% of the rest, residue and remainder of my estate) to be used for the general purposes of the Foundation (or for a particular program of your choosing).

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 PIKE 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 PIKE 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 PIKE 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 PIKE Foundation where you agree to make a gift to PIKE 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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