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Wilkerson Scholarship Fund

Wilkerson Scholarship Fund

Established: Unknown


Official Name: Wilkerson Scholarship Fund

Permanently Restricted Endowment Corpus: $21,050.12 (7/1/2019)

Spendable Balance: $2,012.62 (7/1/2019)

Statements:

N/A

History of Endowment
This endowment was established to benefit Delta Tau Delta.

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
The Endowment's distributions shall be utilized exclusively for the following purposes:
This endowment will provide full or partial scholarships for undergraduates to the Burns Leadership Institute.

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