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Omicron Delta Kappa

Omicron Delta Kappa

The National Leadership Honor Society

  • About
    • Mission, Vision, and Values
      • Notable Members
      • Founders’ Day
    • Leading in the 21st Century: FY 2022-24 O∆K Strategic Plan
    • Fast Facts
    • Leadership
      • Board of Trustees
      • Emeriti Trustees
      • Student Advisory Board
      • Staff
    • Governance
      • 2023 Elections for Student and Faculty/Staff Trustees
      • Articles of Incorporation
      • National Bylaws
      • Governing Committees
      • Operating Committees
      • Omicron Delta Kappa Policies and Procedures
    • History of the Society
      • Our Founders
      • Toward a More Inclusive Society
      • Women in Omicron Delta Kappa
      • Former National Presidents, Foundation Presidents, and Board Chairs
      • Circle Installations
    • Commitment to Diversity and Equal Opportunity
  • Members
    • Prospective Members
    • Collegiate Members
    • Lifetime Members
      • Help Our Circles Thrive
      • Become a National Level Volunteer
      • Governance and Fundraising Volunteer Opportunities
    • Member Benefits
    • Volunteer to Help O∆K
    • Update Your O∆K Record
    • Read The Circle
  • Programs
    • National Leadership and Service Awards
    • Scholarships
    • National Day of Service
      • National Day of Service Report
      • 2021 National Day of Service Stories
    • National Leadership Conference
      • 2023 National Leadership Conference
      • Past National Conventions
    • Clay Leadership Development Grants
    • Stone Ethical Leadership Challenge
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  • Circles
    • Find a Circle
    • Membership Fees
    • Circle Officers (Advisors and Student Officers)
      • Dates and Deadlines
      • Member Management System
      • Monthly Officer Updates Newsletter
      • Recruitment and Selection
      • Initiation
      • Branding, Templates, and Downloads
      • Circle Reports and Forms
      • Recognition and Awards
      • Webinars and Training
    • Resources to Promote Leadership Embracing Diversity, Equity, and Inclusivity
      • Circle Programming and Practices
      • Diversity, Equity, and Inclusivity Awards
      • Glossary of Terms
      • Key Fund
      • Organizations Advocating for Social Justice
      • Publications Focused on Diversity, Equity, and Inclusivity
      • Toward a More Inclusive Society
      • Websites Focused on Diversity, Equity, and Inclusivity
    • Establish a New Circle
      • Extension Process
    • Contact Us
  • Shop
  • Donate
    • Give Now
    • The Campaign for Our Second Century
      • Campaign Giving Opportunities
      • Scholarships for Collegiate Members
      • Opportunity Fund (Gift of Membership)
      • Key Fund
      • Developing the Campus Leaders of Today
      • Collaborative Leadership Initiatives
      • Preservation, Renovation, and Expansion of National Headquarters
      • Campaign Initiatives Supported to Date
    • Ways to Give
      • Planned Giving
      • Charitable Gift Annuities
      • Heritage Society
    • Gift Acceptance Policies
    • Endowment Information
    • National Day of Giving
    • State Charitable Registration Disclosures

Charitable Gift Annuities

What is it?

A charitable gift annuity (CGA) is a planned giving vehicle through which an individual may enhance their secure income, save on taxes, and support Omicron Delta Kappa. The Society partners with the National Gift Annuity Foundation (NGAF) to administer the CGAs created to benefit O∆K.

How does it work?

Instead of entering an annuity contract with O∆K, donors contract with the NGAF and designates the introducing charity as the remainderman. The Society receives the full remainder at the donor’s death just as it would if O∆K were managing the annuity. The minimum CGA contract is $20,000, the maximum $250,000, and the minimum age to receive annuity payments is 55. CGA’s above $250,000 and non-cash gifts are considered on a case-by-case basis.

What is an example of the benefits?

Once a couple establishes a CGA with the NGAF, here is an illustration of how it might benefit them:

  • Married couple, ages 75 and 72 and in the 24% tax bracket, make a $80,000 CGA gift of cash from their investment portfolio or other financial accounts
  • Couple receives an immediate charitable tax deduction of $37,193, with no Adjusted Gross Income limitation, plus a 5.1% annuity (partially tax-free) at approximately $4,080 per year
  • Payments for life, guaranteed by the National Gift Annuity Foundation
  • The final residuum balance passes to NGAF and is then granted to your recommended charity(ies)

A single individual may also establish a CGA, and an illustration for one person is below:

  • An individual age 72 in the 22% tax bracket makes a $100,000 GCA gift of cash
  • The individual receives an immediate charitable tax deduction of $51,885, with no Adjusted Gross Income limitation, plus a 5.5 % annuity
  • The annuity payout would be $5,500 per year and would remain partially tax-free for about 14.5 years; after 14.5 years, the entire annuity will be taxed as ordinary income

How can I help Omicron Delta Kappa by establishing a CGA?

At the time one establishes a charitable gift annuity, you may advise O∆K about how you would like the remainderman to be used. Below are some options.

  • Directed to the unrestricted endowment which primarily funds scholarships
  • Establish a circle-specific or another named scholarship
  • Support leadership development programming including national conferences, virtual workshops, and campus-based activities
  • Help preserve the historic Lexington train station which houses the National Headquarters
  • Provide the gift of membership to prospective collegiate members with financial need

Would you like more information?

Contact Tara Singer, president and chief executive officer, by phone (540) 458-5340 or email tara@odk.org.

 

 

 

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About O∆K

  • Mission, Vision, and Values
    • Notable Members
    • Founders’ Day
  • Fast Facts
  • Leadership
    • Board of Trustees
    • Emeriti Trustees
    • Student Advisory Board
    • Staff
  • Governance
    • Articles of Incorporation
    • National Bylaws
    • Governing Committees
    • Operating Committees
  • History of the Society
    • Our Founders
    • Circle Installations
    • Toward a More Inclusive Society
    • Women in Omicron Delta Kappa
    • Former National Presidents, Foundation Presidents, and Board Chairs
    • Timeline of Previous O∆K Governance Transitions

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O∆K, a registered 501(c)3 nonprofit, is a member of the Honor Society Caucus.

 

Johnson Center for Leadership 
O∆K National Headquarters
224 McLaughlin Street
Lexington, Virginia 24450-2002
1-(540) 458-5336
odknhdq@odk.org

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