A: One of the most significant ways the Foundation assists is in simply providing a professionally managed reciprocal for the funds raised. Additionally, the Foundation oversees the accounting, reporting and administration duties of receiving and properly recording gifts. Letters of acknowledgement and tax receipts are provided to all donors .The staff manages long-term pledge gifts during chapter campaigns so the house corporations can concentrate on raising the necessary funds.
The Phi Psi Foundation also can assists housing corporations in capital campaigns by providing guidance in evaluating the “readiness” and ability of the alumni to raise funds, helping to establish a structure for the campaign, assisting in training volunteers who will make calls and run the campaign, and often can provide literature and materials to help make the campaign a success.
With chapters, the Foundation often can help with ideas and sometimes with resources as well. Limited funds are available and it isn’t appropriate for the Foundation to use funds meant to help all chapters for the benefit of one or a few. However, the Foundation has worked with several chapters to do special mailings, organize annual phone campaigns, help set up special Homecoming, Founders Day or chapter anniversary events, etc. The staff of the Foundation can also provide ideas on how best to use Chapter Scholarship Fund awards and often can have a representative at special events where alumni donors and prospects will be gathered.