Better Man Weekend Leadership Program Fund
Official Name: Better Man Weekend Leadership Program Fund
Permanently Restricted Endowment Corpus: $25,039.71 (7/1/16)
Spendable Balance: $1,167.40 (7/1/16)
2016 Annual Statement
History of Endowment
This endowment was established to permanently endow our January leadership programs. The endowment will ensure undergraduate leaders and officers will forever have the opportunity to attend a program and gain the skills to lead their chapter, campus and community.
The Alpha Sigma Phi Foundation reviews each endowment fund annually and makes available a percentage of the fair market value of the Fund's assets to be distributed during the subsequent year, which is presently four and one-half percent (4.5%) of the rolling five-year average of the market value of the endowment at the end of the previous fiscal year.
Distributions will be used only for purposes consistent with the Foundation's tax-exempt status under section 501(c)(3) of the Internal Revenue Code as determined by the Foundation.
Selection of recipients will be determined by the Fraternity Headquarters staff or a Scholarship Committee appointed by the Fraternity President & CEO.
The Endowment's distributions shall be utilized exclusively for the following purposes:
This endowment will provide full or partial scholarships for undergraduates to the Better Man Weekend Leadership Program.