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Ralph Burns Leadership Fund

Ralph Burns Leadership Fund

Established: 2016


Official Name: Ralph Burns Leadership Fund

Permanently Restricted Endowment Corpus: $0.00

Spendable Balance: $0.00

Statements:

History of Endowment
This endowment was established to support undergraduate students to attend 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 five percent (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 leadership programs excluding the Ralph F. Burns Leadership Institute. 

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