In a Living Trust, you may leave all or a portion of the estate to the Kappa Delta Pi Educational Foundation. Another option is the Charitable Remainder Trust, where the donor, or a designee, receives a percentage of the value of the trust property annually for an agreed number of years, or for life, after which the gifted property becomes wholly owned by the Kappa Delta Pi Educational Foundation. A Charitable Remainder Annuity Trust is similar, with payments to the donor being a guaranteed dollar amount each year, rather than a variable amount. All Kadelpians and chapters are invited to donate funds for this purpose and create additional scholarships and research grants for worthy members and chapters. Deferred giving is a form of estate planning that directs assets, while the donor is alive, toward use after death.
Planning can reduce the loss of the estate's value.
The will, the living trust, and testamentary trust are used in providing benefits to persons and institutions. The service of a lawyer in drafting instruments is advisable. Deferred giving and estate planning help undergraduate and graduate students in education. Through these programs, you can establish and support ongoing scholarships, grants, and awards. Most importantly, your donation offers tangible evidence of your belief in the members of Kappa Delta Pi and the education profession.