PI KAPPA PHI WE WILL LEAD DID YOU KNOW?
Beta IotaLite Pi Kappa Phi Toledo Alumni & Students publication serving our lifelong Brotherhood of Leaders
That the Beta Iota Alumni Group has a Facebook page. Con-
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Housing Corp to expand scholarship support
tact Mark Urrutia to join.
New alumni website will be up and running by April 1st at www.PiKapp.i nfo.
Beta Iota is nearing it’s 1000th initiate.
ALSO IN THIS ISSUE: Alumni & Chapter Updates
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Ohio 2 Expansions & Alumni Networking Calendar of Events & Alumni “Spotlite”
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Push America Updates
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As most of you know, the Pi Kappa Phi Toledo Alumni Corporation has been busy providing housing and furniture to the Beta Iota Student chapter. Over the past several years the housing corp. has been assisting the chapter with providing leadership grants to send extra leaders to the national Mid-Year Leadership Conference. After the corp. adopted the Judge John J. Connors Scholar/ Leadership Award, we have provided small scholarships for the student recipient, when funds were available. The funds for this grants have been provided primarily through donations from alumni through the housing corporation’s fund. As the Housing Corp. looked forward, they envisioned a better way to increase alumni participation in the giving program. They looked to making contributions tax-deductible. Two foundations were considered. The
Pi Kappa Phi Foundation and the UT Foundation. The Pi Kappa Phi Foundation’s Chapter Investment Fund (CIF) to benefit student members. With this fund, we need to achieve a $5,000 balance and then we could only utilize 10%, while keeping the fund balance no lower than $5,000. The current fund balance is $485. The corporation learned that we could establish a similar fund through the UT Foundation, with no minimum requirements. Donations to these funds will be added to the donor’s total university giving recognition. A few years ago, the housing corp. established Pi Kappa Phi Development Fund (2-401629)” at the UT Foundation. Currently, the alumni are looking to establish an additional endowed fund to make scholarship grants to benefit the student chapter. An establishment
of this type would require at least $25,000 to fund and we would only use the gains of the fund which would keep the principal whole and growing. This would allow a permanent fund to live in perpetuity and would be the largest capital undertaking the alumni has taken on since the initial furnishing of the campus house in 1990.
“This type of effort will significantly assist our efforts to help the chapter through becoming better leaders though academic success.” said Mark Urrutia, housing corp. president.
“Because of the awesome strides the chapter has made in recent years, it’s our time to help them reach the next level.” Please consider helping us to assist the undergraduate chapter by serving on the committee. To help give back in this way, send an email to: hcPres@PiKapp.info.
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