Investing in your chapter
Chapter OneFunds are the simplest and most flexible way to charitably support a chapter.
Chapter OneFunds (COF) are chapter-specific funds created to allow alumni and friends of a chapter to maximize charitable giving opportunities that benefit undergraduates. Grants from OneFunds are restricted to a specific chapter and can be used to fund academic or need-based scholarships, character and leadership development programs, alcohol abuse prevention programs, and often times specific operating expenses incurred by the House Corporations that operate and manage chapter facilities.
OneFunds allow chapter alumni to support their chapter while empowering local alumni volunteers to control how funds are being used to strengthen the future of the chapter from year to year. They were conceived out of a desire to provide flexible grants that meet IRS charitable standards and have been widely applauded for their impact on chapters and undergraduate Phi Psis.
Two types of OneFunds are managed by the Foundation for each chapter: endowed OneFunds and non-endowed OneFunds. The drop-down list in our online donation form provides an opportunity to give to non-endowed OneFunds. If you would like to make a contribution to a chapter’s endowed OneFund, please contact: firstname.lastname@example.org or call 317-275-3400.
Once gifts are made to a Chapter OneFund, house corporation officers and chapter advisory team members can request grants through My Phi Psi Funds.
Frequently Asked Questions
Chapter OneFunds are the simplest and most flexible way to charitably support a chapter. They give local undergraduate and alumni volunteer leadership the flexibility to use the funds to solve current needs and invest in the future strength of a chapter differently from year to year. Funds can be used for undergraduate and graduate scholarships, to send members to leadership or character development programs, and to support the educational portions of a chapter house’s annual operating costs. OneFunds give local leadership direct influence in how funds are used which can make a big difference in how these volunteers effectively advise and support the chapter.
Each chapter currently has an established non-endowed Chapter OneFund and an endowed Chapter OneFund. All gifts designated to benefit a specific chapter will default to the non-endowed Chapter OneFund, unless the donor specifies that the gift is intended to be credited to the endowed Chapter OneFund. All planned gifts left to the Foundation for a specific chapter will be credited to the chapter’s endowed Chapter OneFund.
Anyone can make a contribution to the Phi Kappa Psi Foundation and restrict the gift to benefit an established Chapter OneFund. Donors are eligible to receive an IRS tax deduction on the contribution (whereas gifts made directly to a chapter are not eligible for a tax deduction).
Non-endowed Chapter OneFunds allow the chapter to immediately access money donated to the OneFund. The Foundation’s Trustees will make available one hundred percent (100%) of the balance of the non-endowed Chapter OneFund.
The Trustees make available four and a half percent (4.5%) of the trailing 20-quarter market value average of the endowed OneFund to be distributed during the grant period (August 1 – June 1). The endowed OneFund is established for perpetuity and produces a consistent return to fund the chapter’s needs.
Any funds from the Chapter OneFund(s) that are not distributed will be retained in the Funds.