Bequeathing a special planned gift in your will, trust, or annuity plan is an easy, yet profound, way to support causes you care deeply about. Through planned giving, you can prepare a charitable gift of estate assets, made with consideration of your loved one’s financial needs and your personal charitable goals.
Leaving Psi Chi in your will allows you to establish a personal legacy of supporting an organization that matters to you and will benefit future generations of psychology students and professionals. Along with donating a substantial gift to improve benefits to Psi Chi members, you will have:
Consider Funding a Scholarship
- contentment that an invaluable gift has been prearranged,
- tax savings with a federal estate tax deduction (if applicable) for the amount given to a nonprofit organization, and
- the opportunity to prepare a meaningful gift without reducing funds needed during your life—a gift that may be modified at any time.
Whether you choose to donate a small amount yearly toward a Psi Chi scholarship or leave a legacy gift, Psi Chi will steward your donation so that it directly benefits Psi Chi student members.
If you choose to leave a legacy gift of $100,000 (or more), we would be able to fund, based on average returns, a once-per-year-scholarship in the amount of $3,000. Psi Chi will name the scholarship in your honor or in the honor of an agreed upon designation.*
Whether you choose to donate a small, yearly amount toward a Psi Chi scholarship or leave a larger legacy gift, Psi Chi will steward your donation so that it directly benefits Psi Chi student members.
Psi Chi has a standing policy that a legacy gift of $100,000 will both name and endow a yearly, $3,000 scholarship. As of January 2018, Psi Chi will also now accept annual gifts of a minimum of $3,000 to support a one-time, named scholarship, within that same year, as named by the donor*. This is in an effort to fulfill Psi Chi’s vision of awarding 100 scholarships in Psi Chi’s 100th anniversary year, 2029. Psi Chi is proud to award both undergraduate and graduate scholarships.
Seek Legal Counsel
Because planned gifts require a written legal document, Psi Chi advises anyone considering special gift plans to request the counsel of their own independent professional advisor(s). We encourage you to begin with a call to your accountant, attorney, or professional estate planning consultant. If you have not yet established a will, this is a great opportunity to create one to ensure that you properly support your loved ones and the charitable causes that are most meaningful to you.
To plan a gift to Psi Chi, The International Honor Society in Psychology, please use our full legal description:
Our legal name is: Psi Chi., a nonprofit corporation organized under the laws of the State of Tennessee, with our principal office located at 651 E. 4th Street, Suite 600, Chattanooga, TN 37403.
Federal Tax ID#: 53-0232247
Let us know how we can assist you. We are eager to meet with you to discuss the choices that are most beneficial to you and how your gift can help support future Psi Chi members. All information will be kept strictly confidential.
Psi Chi appreciates your support of our mission to recognize and promote excellence in the science and application of psychology.
*Psi Chi’s Board of Directors has final approval of all named scholarships.
To learn more about how to leave Psi Chi in your will, trust, or annuity plan, or for information about scholarship donations, please contact:
Director of Membership & Development
2017–18 Annual Report