Zeta Iota Zeta Educational Foundation
Lambda Chi Alpha University of Kansas
Developing Tomorrow’s Leaders
The Zeta Iota Zeta Educational Foundation provides opportunities for students of today to become future leaders. Through the generosity of many brothers, we have awarded scholarships and funded educational programs over several decades.
Each year our Scholarship Committee solicits and reviews applications from chapter members. Funds are available from endowed funds, resulting in multiple scholarships being available. This allows our chapter to remain diverse by supporting some members that might not otherwise be able to remain at KU.
We have an opportunity to expand upon these efforts by supporting the establishment of a permanent home for the members of the chapter. Working with the House Corporation Board we have identified elements of the new house that would be dedicated for study and educational purposes. This allows for specific grants from the Foundation to used for those identified areas.
Your contributions to the Foundation will help us to continue with these efforts, strengthening the chapter and ensuring the development of community-minded leaders for tomorrow. Thank you for your support.
Scholarship Awards
The Educational Foundation’s Scholarship Committee awards annual scholarships on behalf of two endowed funds. The William Bradford Shierk Memorial Fund is held by the KU Endowment Association in memory of Brother Shierk, ZI 426. The Fleming Scholarship Fund was created by Brother Jim Fleming, ZI 9, and his wife Mary. Those funds are held by the Lambda Chi Alpha Educational Foundation.
The principal of each of those endowments are held and professionally invested by the respective organizations. The investment proceeds provide approximately $5000 in annual scholarships to the active chapter, awarded based upon individual need, grade performance and activities.
If you have an interest in providing funds for scholarships, or to establish an endowment, contact us: zetaiotafoundation@gmail.com.
Charitable Contributions: FAQs
Zeta Iota Zeta Educational Foundation is a charitable organization with 501(c)(3) status, allowing you to make tax-deductible contributions. Here are important things to consider in this regard:
-
Under current law, your contribution can reduce your taxes to the extent combined charitable contributions, mortgage interest, state and local taxes and other itemized deductions exceed the standard deduction, which is $12,400 for single, $24,800 for married filing jointly.
-
Gifts of appreciated assets benefit taxpayers in that no capital gain is recognized when the asset is gifted, but the full value of the asset is recognized as a contribution. If the asset is a publicly traded stock, the average price of that stock on the day of the gift would be your tax-deductible contribution. Other assets may need an appraisal to determine its value.
-
A Qualified Charitable Distribution from your IRA can count toward Required Minimum Distributions, be considered a tax-deductible contribution, and be excluded from current year income. If you are over 70 ½ this may be a beneficial option to consider.
Feel free to reach out to us at zetaiotafoundation@gmail.com if you have any questions.
And as always, you should seek professional tax advice for guidance related to your personal finances.
Zeta Iota Zeta Educational Foundation Inc.
PO Box 13129
Overland Park, Kansas 66282
Contact Info
Contact Us:
Zeta Iota Zeta Educational Foundation
PO Box 13129
Overland Park, KS 66282-3129
FIN: 48-1158039
zetaiotafoundation@gmail.com
Related Organization:
House Corporation of Lambda Chi Alpha
7690 W 79th Street
Overland Park, KS 66204