Second, you are allowed to deduct the full fair market value of the gift on your taxes for that year, providing you have owned the stock for more than one year. Yes, it is very easy. Stocks can be transferred electronically from your brokerage account or can be sent through the mail if held in certificate form. The gift date for securities transferred from your brokerage account is the day the transfer hits the Educational Foundation's brokerage account. If securities are mailed in certificate form, the gift date is the postmark on the mailing envelope.
Endowments are special kinds of gifts.
They celebrate the names of generous donor's families or friends in perpetuity and lock them to the life and mission of Pi Kappa Alpha for all time. Endowments are self-renewing sources of funding that enable the Educational Foundation to offer financial support to our undergraduate brothers in the form of scholarships to advance their numerous scholastic and leadership endeavors. Endowments are funds in which the principal is invested, and only portions of the investment earnings are spent. Gifts to endow a fund may be made at once or over a series of years and funds that have already reached an endowed level can easily be enhanced with additional gifts. Endowments with the Foundation may also be established with deferred gifts through careful estate planning.