Gale Wilkerson Interfraternity Leadership Endowment Fund
Established: November 2009
Official Name: Gale Wilkerson Interfraternity Leadership Endowment Fund
Permanently Restricted Endowment Corpus: $21,550.12 (12/31/2019)
Spendable Balance: $2,015.21 (12/31/2019)
History of Endowment
This endowment fund was established to honor retiring Foundation CEO Gale Wilkerson and is for the benefit of Delta Tau Delta Fraternity.
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.
The Endowment's distributions shall be utilized exclusively for the following purposes:
This endowment will provide full or partial scholarships for the benefit of Delta Tau Delta Fraternity.