Since 1990, alumni brothers have been able to make tax-deductible contributions to the Delta Sigma Phi Foundation that can be earmarked for the benefit of their chapter. Currently, all operating chapters, colonies and chapters slated for re-colonization are eligible to take advantage of this valuable program.
Restricted donations that are held in a chapter’s 21st Century Fund can be granted for educational purposes such as: scholarships, computer and networking equipment, libraries and leadership training. The funds can also be loaned to the Alumni Corporation Board (ACB) for chapter house acquisition, purchase or improvements.
Chapters now have a choice between restricting donations to a permanent endowment (“A” Funds) or allowing the gifts to be immediately used for educational purposes (“B” Funds). To establish a “B” Fund, the ACB President must sign the Letter of Agreement that governs the management of “B” Funds.
Endowment Funds (“A” Funds) only allow investment income to be granted. Flexible (“B” Funds) allow gift principal and investment income to be granted for educational purposes. Funds are dispersed only upon the recommendation of the ACB after a grant application has been completed and signed by the ACB President. Grants can be made after at least $5000 has been donated to the fund.