Great advise. We finally got our IFC and PHC chartered while I was an IFC officer. Chartering was important for us, because it put us on the level with Student Gvmt, Campus Programing Board, DanceTeam, Ambassadors, Orientation Staff. (Chartering meant we were a university sponsored student org, vs being a Registered Student Org, only "recognized" by the university.) We were eligible to get funds, parking spots, etc. It was a good thing. We brought lots of speakers and the other CSO's were more wiling to do stuff with us if we were a CSo. The campus Programming board is even a co-sponsor of greek week....which means they pay for half of it. Cool.
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