UW-Whitewater Anderson Endowment
Established: February 2, 2013
Official Name: University of Wisconsin - Whitewater Chapter Endowment
Benefactor: University of Wisconsin - Whitewater (Zeta Kappa)
Permanently Restricted Endowment Corpus: $2,400.31 (7/1/16)
Spendable Balance: $0.00 (7/1/16)
Wisconsin - Whitewater Statement.pdf
History of Endowment
This endowment was established on behalf of the University of Wisconsin-Whitewater Chapter by John Anderson, Trine '71, in support of the chapter's extraordinary effort to create a fraternity in Whitewater that lead by example and involve men of character who live their values. In gratitude for John's early and critical support of the chapter, the Zeta Kappa Chapter and Alumni Association jointly determined in February of 2015 to rename their endowment in John Anderson's namesake.
The Alpha Sigma Phi Foundation reviews each chapter endowment fund annually and makes available a percentage of the fair market value of the Chapter 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.
Distribution of funds occurs with approval of either a recognized Alumni Association, recognized Chapter Council, or Fraternity Headquarters Staff unless other arrangements have been established in the endowment agreement.
The Endowment's distributions shall be utilized exclusively for the following purposes:
- To provide funds to support the chapter for leadership, educational, academic and philanthropic purposes. Some examples include but are not limited to the following: registration costs to attend leadership programs (Fraternity, campus, other); merit or needs based scholarships for members, new members and/or potential members; educational speakers or workshops; chapter or prudential board retreats, etc.
- To provide funds for scholarships (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: National Leadership Conference, Grand Chapter, Sig Experience, etc.
- To provide funds for academic and/or needs based scholarships (partial or full) for qualified members currently enrolled as full-time undergraduate or graduate students.