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Conor Donnelly Memorial Fund

Connor Donnelly Memorial Scholarship Fund

Established: January 2019


 Official Name: Connor Donnelly Memorial Scholarship Fund

Benefactor: Binghamton University (Epsilon Ni)

Permanently Restricted Endowment Corpus: $0.00 

Spendable Balance: $0.00


  

History of Endowment

The Epsilon Nu Chapter has established this scholarship fund as a memorial in the name of their late brother, Conor Donnelly, Binghamton '17, as a benefit to undergraduates of the Epsilon Nu Chapter at Binghamton University.

Criteria Restrictions

The Alpha Sigma Phi Foundation reviews each endowment fund annually and makes available a percentage of the fair market value of the Chapter 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.

Endowment Restrictions
The Endowment's distributions shall be utilized exclusively for the following purposes:

To provide funds for academic and/or needs based scholarships (partial or full) for male students who are currently enrolled as full-time undergraduate students at Binghamton University. Preferential consideration will be given to members of the Epsilon Nu Chapter of Alpha Sigma Phi.

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