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Geiselhart Family Leadership Fund

Geiselhart Family Leadership Fund

Established: July 13, 2016

Official Name: Geiselhart Family Leadership Fund 

Permanently Restricted Endowment Corpus: $35,550.00 (12/31/19)

Spendable Balance: $1,604.79 (12/31/19)

Statements: 2018 Annual Statement

History of Endowment
Evan and his son, Will, were both initiated into the Eta Chapter at the University of Illinois. Both served on National Boards and attended International Fraternity gatherings. This fund will provide scholarships to undergraduates to attend Fraternity leadership programs.

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 Endowment's distributions shall be utilized exclusively for the following purposes:
This endowment will provide full or partial scholarships for undergraduates to attend international 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 the Eta Chapter. 

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