Paul Bliklen Leadership Fund
Established: November 6, 2014
Official Name: Paul Bliklen Leadership Fund
Permanently Restricted Endowment Corpus: $10,333.51 (7/1/17)
Spendable Balance: $1,187.24 (8/31/17)
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2017 Annual Statement
History of Endowment
This endowment was established to provide scholarships for qualified undergraduate members to attend our industry recognized leadership and educational programs.
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:
To provide funds for scholarship (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: International Leadership Conference, SIG Experience, etc. Preferential consideration will be given to qualified undergraduate members in good standing from the Alpha Pi Chapter at Purdue University, and any newly chartered or established chapter or provisional chapters.