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Brent & Lindzey Bowers Leadership Fund

Brent & Lindzey Bowers Leadership Fund

Established: May 26, 2016


Official Name: Brent & Lindzey Leadership Fund 

Permanently Restricted Endowment Corpus: $133.34 (7/1/16)

Spendable Balance: $0.00 (7/1/16)

Statements:

2016 Annual Statement

History of Endowment
Alpha Sigma Phi has been and will continue to be an important piece of Brent and Lindzey's lives. The ability to contribute to the leadership development of members of the Fraternity is important Brent and Lindzey because of the profound impact it can create. Brent is a founding father of the Epsilon Chi chapter at Capital University and Lindzey is a member of Kappa Phi Omega at Otterbein University. Being able to help students at each institution was the main reason for establishing this fund.

Criteria Restrictions
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 five percent (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.

Endowment Restrictions
The Endowment's distributions shall be utilized exclusively for the following purposes:
This endowment will provide full or partial scholarships for undergraduates to attend national leadership programs such as Academy of Leadership, Better Man Weekend, Burns Leadership Institute, Elevate: International Leadership Conference, SIG Experience or programs not even developed yet. Preferential consideration for leadership scholarships will be given to qualified undergraduates in good standing from Capital University and Otterbein University. 

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