Tom and Toni Hinkley Leadership Fund
Official Name: Tom and Toni Hinkley Leadership Fund Endowment
Permanently Restricted Endowment Corpus: $16,000.00 (7/1/16)
Spendable Balance: $799.94 (7/1/16)
2016 Annual Statement
History of Endowment
Alpha Sigma Phi has always been a leader in offering leadership development opportunities for our members as evidenced by the Ralph F. Burns Program, Better Man Weekend, and Elevate. To further broaden the opportunities available to our members, this fund will assist in helping Alpha Sigma Phi members attend external programs such as Leadership and UIFI.
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.
The Endowment's distributions shall be utilized exclusively for the following purposes:
This endowment will provide full or partial scholarships for undergraduates to attend national leadership and external educational programs. Preferential consideration for leadership scholarships will be given to Indiana University qualified undergraduates in good standings.