Much of the assets we gain and gather in life happen over a number of decades, enabled by the efforts we put into life and the family, friends, teachers, and mentors along the way who supported us. As a brother and Alumnus, leaving a portion of your assets at a time of passing can be a lasting investment in the brotherhood you were a part of and helped build for the many generations after you.
Bequests are also often more substantial in monetary value than one-time or ongoing cash donations, because a death triggers the transfer of all financial assets. Life insurance, 401k’s, and other financial instruments are distributed to heirs, organizations, and other recipients of your choice. For example, a bequest of 5% of a $1,000,000 life insurance policy from a single Alumnus would have paid for the entire kitchen project, while his family would have also received a significant source of funds.
Lastly, “leaving a legacy” is not just a bunch of words. It’s about perpetuating personal values and beliefs and a desire to matter. Making LPEAA and its next 50+ years of brotherhood a part of your legacy can be a central part of your story.