The Phi Kappa Psi Foundation was formed "to aid, encourage, promote and contribute to the education and scholastic attainments" of Phi Psis and other students across the country. Organized in 1914, the Phi Kappa Psi Foundation is a 501(c)(3) nonprofit, public educational foundation. As such, the Foundation is the only charitable arm of Phi Kappa Psi entitling donors to a full tax deduction within the limits set by the Internal Revenue Code.
The Foundation provides funds for a variety of programs and services which assist college students in meeting their educational objectives through scholarships, grants, fellowships and assistantships, while promoting learning, high ethical standards and constructive citizenship. Sixteen Trustees exercise stewardship over the Foundation while the staff is responsible for the day-to-day activities of the office and the administration of fundraising, scholarship and grant programs.
The mission of the Phi Kappa Psi Foundation is to foster the development of leaders and promote academic excellence in higher education. The Foundation provides funds for a variety of programs and services which directly affect undergraduates and their chapters, campuses and communities. The primary responsibilities of the Foundation are:
- The support of scholastic achievement among college students through the recognition of academic excellence.
- The promotion of leadership, citizenship and service for personal growth and development and for the continued strength of Phi Psi, our host institutions and society in general.
- The education of undergraduates in the traditions of the Phi Kappa Psi Fraternity, whose ideals and principles can provide a guiding force for life.
- The support of clean, safe and healthy chapter housing, through grants for educational space and technology; and the promotion of living-learning environments conducive to academic excellence.
Objective 1: Scholarships reward academic excellence, help men address the ever-increasing costs of higher education and reduce dependence upon part-time employment are vital to the academic success and eventual graduation of many members.
- The Foundation will make available national and chapter based scholarships and awards.
- The Foundation will seek opportunities for individuals to endow new scholarships of their preference.
- The Foundation will seek to publicize the outstanding academic achievements of our chapters and members.
- The Foundation will attempt to find partnerships with academic institutions and agencies to help our members achieve their educational and professional potential.
Objective 2: The development of leaders and men of principle will help our members grow as individuals, which will in turn benefit our chapters, campuses and communities at large and thus prepare our members for their places in society.
- The Foundation will provide funding each year for qualified programs and training in leadership skills, values-based learning, healthy lifestyles and the promotion of philanthropy, democratic principles and free enterprise. These programs include, but are not limited to, all or a portion of the costs of the Woodrow Wilson Leadership School, Presidents Leadership Academy, Leadership Experience, Consultant Program, GreekLifeEDU program, the support of educational programs for alumni volunteers who work with undergraduates and the support of national or local charitable and philanthropic efforts which allow our members to make a direct, person-to-person impact on their communities.
Objective 3: Chapter properties must be healthy and safe facilities that promote learning, character-building, close friendships and loyalty to the organization and institution. They must be competitive with other housing options and provide students with the resources needed for success.
- The Foundation will continue to work to find grants and other support to improve the living-learning environment of chapter houses.
- The Foundation will continue to promote the Chapter Scholarship Fund (CSF) program to chapter house corporations, alumni groups, chapter members and all alumni and friends of Phi Kappa Psi.
- The Foundation will work closely to provide leadership, ideas and support to groups who wish to use their CSF to raise reserve funds to improve chapter housing and create scholarships.
- The Foundation will attend chapter and regional alumni events to educate members on the Foundation and the CSF program and encourage their support and investment.