The Omega Society

In July 2001, the mortgage on the Headquarters property stood at $732,000 and the annual property maintenance budget was only $25,000. Later that year, the Foundation board developed a Strategic Plan. The goals for the mortgage and property maintenance were to retire the mortgage and to increase the annual maintenance budget from $25,000 to $100,000 - both by 2006.

As you know, Omega means "the end" and, for this reason, the Fraternity does not use Omega in chapter designations. However, the Foundation has determined that Omega was appropriate as we sought to retire the mortgage on the Headquarters Shrine. Thus, the Omega Society was formed in 2001.

The purpose of the Society is to ensure that our Headquarters Shrine remains the "crown jewel" of Sigma Nu for generations to come. Initially, this has been accomplished in two ways. First, members of the Omega Society contributed $2,000 annually which was applied directly to the mortgage until it was retired in 2004. Secondly, since the mortgage was retired, members of the Omega Society have had a choice to give $1,000 each year for life or to continue giving $2,000 annually. These contributions are being used for the maintenance, upkeep and renovation of our beautiful and historic Shrine. Our current annual maintenance, upkeep and renovation budget is $100,000 per year. Today, over $45,000 of the funds budgeted come from Omega member contributions.

Mr. Sigma Nu, Brother Dick Fletcher had this to say about our Headquarters. When explaining why our headquarters was moved from Indianapolis to Lexington in a 1957 Delta Article, Brother Fletcher wrote "Sigma Nu is going give added emphasis to history, traditions and ideals; to provide greater operational stimulate pride in our heritage and encourage pilgrimages to our birthplace." Brothers, these words continue to ring true, even some 50 years after our moving back home to Lexington. We hope that you can join us in helping keep this dream alive for generations to come!

The Omega Society Members

Ω1 Michael D. Long (ΕΒ 806, ΘΣ 500)
Ω2 Howard C. Pickett (ΒΤ 851)
Ω3 James C. Cherry (ΗΠ 118)
Ω4 David C. Underwood (ΒΚ 475)
Ω5 Craig H. Haesemeyer (ΒΜ 998)
Ω6 James L. Burton (ΔΕ 739)
Ω7 Peter T. Straub (Λ 706)
Ω8 Joseph G. Cutler (ΓΧ 622) *
Ω9 John C. Thoren, Jr. (ΖΥ 135) *
Ω10 Richard D. Marcks (Β 675)
Ω11 C. David Nyman (ΛΙ 30)
Ω13 Richard W. Dodderidge (ΒΚ 488)
Ω14 Anthony B. Fair (ΘΚ 9)
Ω15 Virgil W. Duffie, Jr. (Δ 420) *
Ω16 Carl G. Berry (ΔΟ 738)
Ω17 William K. Stoffer (ΓΓ 1173)
Ω18 Donald K. Densborn (ΒΗ 1398)
Ω19 William D. Barron (ΔΝ 465)
Ω20 Robert N. Maddox (ΓΥ 532) *
Ω22 Roma D. Thomas (Μ 1175)
Ω23 Joseph M. Gilman (ΘΤ 2)
Ω24 Tom J. Lightsey (ΘΠ 62) *
Ω28 Robert A. Gingras (ΕΧ 752)
Ω29 Joseph F. Wood (ΔΤ 680)
Ω30 James A. Owens (ΙΡ 101)
Ω31 Austin S. Landry (ΗΝ 88, ΛΘ 18)
Ω35 E.G. White (ΒΗ 1324)
Ω37 Robert L. Marchman, III (Ξ 611)
Ω39 Stephen E. Ratterman (ΒΗ 1653)
Ω40 Joseph A. Weber (ΕΡ 906, ΓΟ 1034)
Ω41 Duane H. Dreger (ΕΘ 529, Α 452)
Ω42 Bradley L. Hastings (ΘΠ 688)
Ω43 J. Wil Long (ΓΥ 2177)
Ω45 Don K. Martin (ΗΓ 248)
Ω46 Jason M. Lyons (ΜΠ 43, A 465)
Ω48 Perry E. Loyless (ΗΓ 264)
Ω49 Sean P. Killion (ΜΠ 1, A 444)
Ω50 Nicholas L. Grim (ΖΚ 671)
Ω51 George M. Grim (ΖΚ 578)
Ω52 D. Stacy Sims (ΕΞ 1089)
Ω53 Albert W. Wurster (ΒΖ 1334, Α 336)
Ω54 Maury D. Gaston (ΒΘ 1752)
Ω55 Erik M. Tomalis (ΚΔ 190)
Ω57 Jerry D. Fields (ΗT4)
Ω58 Joseph S. Baxter (ΛΥ 41)

* Indicates Alumnus is Deceased

A charitable bequest is one or two sentences in your will or living trust that leave to Sigma Nu Educational Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

Bequest Language

"I give, devise and bequeath (the sum of/percentage of/residue of my estate) to the Sigma Nu Educational Foundation, Inc., a not-for-profit corporation with principal offices in Lexington, Virginia, to be utilized for the general benefits of the Sigma Nu Foundation, Inc. (for specified program of the Foundation)."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Sigma Nu or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Sigma Nu as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Sigma Nu as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Sigma Nu where you agree to make a gift to Sigma Nu and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.

First name is required
Last Name is required
Please include an '@' in the email address

eBrochure Request Form

Please provide the following information to view the brochure.

First name is required
Last Name is required
Please include an '@' in the email address