Roberts Emergency Fund 
Established: 2019
Official Name: Roberts Emergency Fund
Permanently Restricted Endowment Corpus: $10,000.00 (12/31/19)
Spendable Balance: $0.00 (12/31/19)
History of Endowment
This Endowment was established by Milton "Kip" Roberts to provide funds for academic and/or needs based scholarships (partial or full) for members of Alpha Sigma Phi experiencing significant challenges and/or hardships.
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
This Endowment provides funds for academic and/or needs based scholarships (partial or full) for members of Alpha Sigma Phi experiencing significant challenges and/or hardships. Selection of recipients will be determined by the Fraternity Headquarters staff or a Scholarship Committee appointed by the Fraternity President & CEO.