Setting the Standard
The Phi Kappa Psi Foundation believes in the proper stewardship of donor gifts, and welcomes your interest in our financial operations, investment strategies, and funding priorities. The Foundation understands the importance of accountability to the members and friends that support the Fraternity through gifts to the Foundation.
The Foundation also recognizes the need to operate and act in ways that are beyond reproach and fully meet the standards placed on 501(c)3 charitable organizations as established by the IRS. The Foundation abides by industry standards and by the Donor Bill of Rights that has been a cornerstone of national Greek foundations since 1993.
The financial and investment operations of the Foundation are under the direct oversight of the organization’s Board of Trustees, which has delegated specific responsibilities to committees. The Foundation’s Investment Committee oversees our investment managers, reviews performance and monitors market conditions to ensure long-term growth and to guarantee the income needed for the annual scholarships and grants to undergraduates and the Fraternity. The Foundation’s Program Committee receives grant requests from the Fraternity and recommends grant funding to the Board of Trustees. The voting members of the committee is comprised of two Fraternity Executive Council members and two Foundation Trustees.
The Foundation’s financial statements are audited by an independent audit firm in accordance with auditing standards generally accepted in the United States.
The information provided will give perspective on the Foundation’s performance, outcomes and granting opportunities. Should you have any questions, please email firstname.lastname@example.org.