Kutz Virtual Archives Leadership Fund
Established: June 25, 2019
Official Name: Kutz Virtual Archives Leadership Fund
Permanently Restricted Endowment Corpus: $0.00 (12/31/19)
Spendable Balance: $0.00 (12/31/19)
History of Endowment
Established by John Tilden, Binghamton '93, in honor of the Honorable Robert W. Kutz, California-Berkeley '67.
Bob's commitment to Alpha Sig history deserves to be known to all future generations through a virtual archive collection.
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.
To provide funds for scholarships (partial or full) for undergraduate members 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: National Leadership Conference, Grand Chapter, Sig Experience, etc. Preferential consideration will be given to qualified undergraduate members in good standing and any newly chartered chapter or provisional chapter. Selection of recipients will be determined by the Fraternity
Headquarters staff or a Scholarship Committee appointed by the Fraternity President & CEO.