Fundraising can do more for your chapter than bring in money for the chapter's specific scholarship, leadership and housing funds. If done well, it will also build strong relationships with alumni who are currently involved and engage new alumni, parents, and friends with the chapter.
The following goals are consistent across chapters with strong fundraising programs.
Goals
- To involve alumni, parents, and friends with the undergraduate chapter
- To provide the chapter with resources it can use to enhance the personal development of its members
- To provide alumni with a tax-deductible investment program while helping the chapter build its resources fund at the same time
- To build a chapter scholarship fund that will be a growing resource for the chapter in perpetuity
Steps
Handling Gifts
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Gifts should be made to the Sigma Phi Epsilon Educational Foundation earmarked for the appropriate chapter fund.
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Gifts to the Foundation are acknowledged with a tax receipt and multi-year pledges become part of the Foundation’s pledge reminder system. The pledge is acknowledged by a letter and entered in your chapter’s file. Pledge reminders will be sent automatically to the alumnus from the Foundation. As pledge payments are made, the gifts are deposited in the appropriate chapter fund with the Foundation.
- Gifts are deposited in the chapter fund indicated. The fund is invested in the Foundation’s professionally managed Pooled Investment Fund. These gifts accumulate as endowed funds to provide an annual return that provides income for making scholarship and leadership awards for the chapter.
Note: If an alumnus makes a gift to your chapter scholarship fund by check and mails or gives it to you, DO NOT cash the check. Send the check to the Foundation. If you cash the check locally, the Sigma Phi Epsilon Educational Foundation is not able to issue a tax receipt to the donor.