Sigma Chi - Kansas State University

PAGE 3 SIGMA CHI FRATERNITY L ike many others, Justin Boisseau '96 made great memories during his time at K-State. From living in Sigma Chi's chapter house all four years to meeting his future wife his senior year, Justin has plenty of moments that he'll remember forever. "Sigma Chi played an important role in my personal and professional development," he said. "It offered me both a forum to meet my wife and a platform of leadership opportunities that formed my path to Harvard Law School and Wall Street." For the first 10 years after graduation, Justin made a point to return to Manhattan for at least one football game and to visit the house, and although his New York home makes it hard to get back to campus, Justin found a way to support Sigma Chi through the capital campaign. "I can't be there in person to help support the house with my time, but I can participate in the capital campaign as my way to pay it forward," he said. "If you enjoyed your experience at Sigma Chi, then I'd suggest that you owe at least some debt of gratitude to the support of alumni that came before you." With a new chapter house, Justin predicts a positive impact on recruitment results and retention and he believes getting the right men into the chapter will ultimately ensure a healthy future for the fraternity on K-State's campus. "If you haven't supported the chapter in the past, now is a great opportunity to do your part to ensure future generations of young men are able to enjoy the same experiences. There's never an ideal time to give away money, but this project is tangible and the new house will be a significantly positive outcome for hundreds of young men in future years." Justin graduated from KSU in 1996, followed by Harvard Law School in 1999. That year, he started as an investment banker until joining Gates Capital Management in 2003, where he works today as a managing partner. With a strong background in finance, Justin has served on the KSU Finance Advisory Board and his firm also helps sponsor the annual finance department trip to New York. Justin and his wife, Melissa, have four children: Dalton (12), Rocklan (10), Alana (8), and Adler (5). He can be reached at jboisseau@gatescap.com. Investing in Sigma Chi's Future Justin Boisseau '96 Donates to Preserve Sigma Chi at Kansas State GiFtinG strateGies For tax savinGs T here are two channels through which to gift to our renovation project. Gifts up to $40,000 are made to the Housing Corporation and are not tax deductible. Gifts $40,000 or more are made to the Sigma Chi Foundation and are tax deductible. The IRS only allows the portion of our construction project that is considered "educational space" to be funded by tax-deductible contributions— approximately 50%. However, whether you are gifting less than or more than $40,000, there are powerful gifting strategies you can employ to put tax dollars back in your pocket. GIFTING APPRECIATED STOCK avoids capital gains tax, which can be up to 32% for Kansas residents in high tax brackets. If you give $10,000 of stock held over one year and up 100% (i.e. cost $5,000), you could avoid up to $1,600 in capital gains tax by gifting stock instead of cash. GIFTING $40,000 APPRECIATED STOCK avoids capital gains tax AND is tax deductible. If you give $40,000 of stock held over one year and up 100% (i.e. cost $20,000), you could avoid up to $6,400 in capital gains tax and save an additional $19,120 on income taxes. This $40,000 gift, effectively, costs you just $14,480! GIFTING $40,000 or more is tax deductible, and therefore reduces your taxable income by $40,000, which can save you up to $19,120 in income taxes. The above examples demonstrate the potential significant tax savings from gifting appreciated stock and making a tax-deductible gift. A $40,000 gift may only cost you $14,480, due to the tax savings (dollar amount of your tax savings will depend on your tax bracket). So, you personally may be better off giving $40,000 appreciated stock to the campaign rather than giving $15,000 cash. 1224 Fremont is clearly better off by $25,000! If you have questions about this, please e-mail johnseitzer@everestwealth.com.

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