The DPMA Legacy Society
Many IT professionals gained professional development, personal growth, and lasting friendships through their involvement in the Data Processing Management Association. The DPMA Legacy Society, announced in 2007, honors that heritage by recognizing friends of the Foundation who have funded or planned a deferred gift, such as a bequest or a life income plan.
A legacy of leadership
Since its founding in 1975, the Foundation has benefited from the foresight and generosity of people who invested in the future by naming the Foundation as a beneficiary in their wills. These gifts have grown the Foundation’s endowment and funded scholarships and programs for current and future IT professionals. Those who make planned gifts become true partners in the growth of the profession.
Who qualifies
Anyone who has an estate gift planned for the Foundation, or who has completed a life income trust, retained life estate gift, or other charitable trust plan benefiting the Foundation, is eligible. Qualifying gift plans include:
- Simple bequests: a stated portion of your estate, the residue after other bequests, a specific dollar amount, or specific assets
- Life income gifts: immediate or deferred-payment charitable gift annuities, charitable remainder annuity trusts, or unitrusts, established during your lifetime or through your will
- Retained life estate gifts: give your home, vacation home, or farm while keeping the right to live in and enjoy the property for life, with present income tax deductions and future estate tax savings
- Charitable lead trusts that pay income to the Foundation for a term of years, with significant potential tax savings for your ultimate beneficiaries
- Designating the Foundation as beneficiary of a life insurance policy, IRA, Keogh, or other qualified retirement plan
Why membership matters
Planned gifts sometimes arrive unannounced, and while every gift is welcomed, the Foundation deeply values the chance to thank donors properly and to work with them so their intentions are clearly understood, often through a jointly drafted memorandum of agreement. Known plans also help the Foundation project future resources with more confidence. And every member sets an example for colleagues who have not yet made similar plans.
Member benefits
Members who give consent are listed in the Foundation’s Annual Report and other publications. A certificate signed by the Foundation’s president confirms membership, members are invited to Foundation-sponsored events, and members enjoy the informed thanks of their colleagues in the profession. The value and details of each planned gift remain strictly confidential.
How to join
Complete a deferred gift plan with your estate-planning counsel, then confirm the plan’s existence in a letter to the Foundation’s president, including a fully executed copy of the relevant section of your will where applicable. Donors whose life income or trust gifts are administered by the Foundation are invited automatically; those with outside trustees should simply confirm the plan in writing. When registering, indicate whether your name may be listed in Foundation publications or should be kept confidential.
For more information
Contact the Foundation’s president or your own attorney and advisors. The Foundation will gladly provide sample documents your advisors can review and adapt, illustrating the potential income, gift, and estate tax results of any gift you contemplate. Assistance from the Board of Regents is offered in total confidence and at no cost.