John Anderson Leadership Fund
Established: September 30, 2014
Official Name: John Anderson Leadership Fund
Permanently Restricted Endowment Corpus: $0.00 (7/1/16)
Spendable Balance: $0.00 (7/1/16)
History of Endowment
This fund was established in 2014 by Foundation Board Member John Anderson to provide leadership and scholarship funds to benefit the Beta Omicron Chapter (as long as the Chapter is open).
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 funds for scholarships (partial or full) for undergraduate members of Beta Omicron Chapter (as long as Chapter is active) to attend Fraternity leadership and educational programs that could include but are not limited to: Academy of Leadership, Burns Leadership Institute, Better Man Weekend, Elevate: International Leadership Conference, Grand Chapter, SIG Experience, etc.