What is the minimum fund size?

To begin distributions a CSF must reach $20,000.

Can a Chapter Support Fund be named?

YES!  Naming a CSF is a great way to recognize a generous donor, dedicated alumnus, key faculty advisor or dedicated brother who has passed. 

What is the minimum size gift that can be made to a Chapter Support Fund?

There is no minimum.

What are the uses of the Chapter Support Fund for construction and renovation of chapter houses?

Educational space and educational equipment.  In general, once a legal opinion is issued, grants can fund the educational percentage the space. For example, if your chapter house costs $1,000,000 and the educational percentage is 40%, then a CSF can fund up to $400,000 in grants. See Fraternal Law’s info sheet for more information.

What happens to a Chapter Support Fund if the chapter is closed?

If the Chapter is closed, the CSF shall remain open for a maximum period of 7 years, accruing any appreciation and undistributed income in the interim.  If re-colonization of the Chapter does not occur in such time frame, the Fund may be added to the operating fund or endowment of the Foundation, at the discretion of the Foundation’s Board of Directors.

Are there any costs associated with administering a Chapter Support Fund?

Yes, there is a 1% annual fee for Type A funds and a 0.25% per quarter fee for Type B funds. Gifts to Type B funds are also assessed a 1% fee. Please refer to the policies and fees set by the Foundation Board.

Who determines what projects the Chapter Support Fund will fund?

Typically a group of local alumni volunteers control scholarship decisions, including grant requests for funding registration costs for leadership seminars. Each grant requires a grant request to be completed. A member of the staff is happy to answer any of your questions about the process, or about what a CSF can support.

Who funds a Chapter Support Fund?

Alumni, friends, parents, even undergraduates can help. Contact a member of the Foundation staff for more ideas.

Can a chapter have more than one Chapter Support Fund?

Of course. An endowed fund is a good idea for any chapter. That will fund scholarships and help members attend leadership seminars forever. If the chapter has a house, a temporarily restricted fund could be a good idea. There’s even a fund type that allows house corporations to fund educational of chapter house operating costs.

What can a Chapter Support Fund support (not an all-inclusive list)?

1. Academic scholarships
2. Scholarships for financial aid
3. Grants for educational equipment (chairs, desks, computers, etc.)
4. Grants for members to attend leadership training
5. Grants for construction and renovation of exclusively educational space of a chapter house
6. Outside speakers fees on harm reduction, leadership, etc.