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Donald Forslund Scholarship Fund

Donald Forslund Scholarship Fund            

Established: June 13, 2019

Official Name: Donald Forslund Scholarship Fund

History of Endowment 
The Donald Forslund Scholarship Fund will provide recruitment-based scholarships to men who join the Alpha Tau or Zeta Omicron Chapters with an initiation GPA of 3.0 or higher during their new member term.

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 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 Donald Forslund Scholarship Fund will provide recruitment-based scholarships to men who join the Alpha Tau or Zeta Omicron Chapters with an initiation GPA of 3.0 or higher during their new member term. Selection of recipient will be determined by the Fraternity Headquarters staff or a Scholarship Committee appointed by the Fraternity President & CEO.

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