Planned Giving to Tau Beta Pi
Planned gifts provide a way to serve and be remembered by future generations. Each gift, small or great, is a gift of lasting value because the engineering profession intrinsically directs the course of society, and Tau Beta Pi members help guide the course of engineering.
Any gift which is transferred with the help of a professional is considered a planned gift. Planned gifts are a tax-wise way of giving and offer benefits to you, the donor, as well as to our organization. Members who have mentioned Tau Beta Pi in their wills automatically belong to The Heritage Society
There are many ways to establish a tax-advantaged charitable giving program. The following list includes the more common ones. Charitable giving may be reduced to two broad categories: estate gifts and lifetime gifts.
- Estate Gifts
- Wills Bequests (money, stocks, bonds, real estate or other assets)
- Lifetime Gifts
- Real Estate
- Life Insurance
- Charitable Lead Trust
To download a more complete, seven-page explanation of planned gifts, click here. Consult your financial advisor (such as a lawyer, accountant, or life insurance agent) for the method that can best fulfill your intentions. To learn more about other major funding opportunities, click here
Several members of the Association have asked about the proper form of writing Tau Beta Pi into their wills. Tau Beta Pi is classified as an educational nonprofit corporation under Section 501(c)(3)(not private) of the U.S. Internal Revenue Code.
The proper form of bequests is:
"I give, devise, and bequeath to The Tau Beta Pi Association, Inc. (EIN #62-0479545), a corporation existing under and by virtue of a charter granted by the State of Tennessee and with its headquarters in the City of Knoxville, in said state $...(or, the following described property, or securities.)"