Sonoma State Endowment
Established: April 1, 2011
Official Name: Sonoma State George H. Harris Chapter Endowment
Benefactor: Sonoma State University (Epsilon Phi)
Permanently Restricted Endowment: $20,808.05 (7/1/17)
Spendable Balance: $916.97 (7/1/17)
2017 Annual Statement
History of Endowment
This endowment was established by Robert W. Kutz, UC-Berkeley '67, to support the Epsilon Phi Chapter at Sonoma State to attend educational programming and/or provide for undergraduate scholarships.
Every gift designated to benefit a chapter will be allocated in the following manner: 70% Temporary Chapter Fund, 20% Permanent Chapter Endowment and 10% Fund for Alpha Sigma Phi.
Annual funds are to be distributed either (1) for educational purposes and requested by agreement of the chapter HSP and GCA and approved by the Foundation directors, CEO or their delegate; or (2) if there is no agreed, appropriate request, or if the GCA position is vacant, 50% of the spendable balance is to be awarded to the undergraduate initiate who has completed 50%-70% of units or credit hours required for graduation with the highest GPA in the current semester. The remaining 50% is given to the undergraduate who has met the same qualifications above in the most recent two semesters; next highest member, if the same person.