That seems to be the issue with Kappa Sigma right now.
I guess I don't understand how the foundation can just operate so independently without a purpose to serve the fraternity.
So when dues are collected and donations are made, they all don't go to the foundation and not the fraternity/sorority right? Obviously some has to go to the fraternity/sorority to be able to rent from the foundation.
-Rudey
Quote:
Originally posted by Little E
I didn't know this till now, but it looks like our Foundation owns the HQ building, and the Sorority rents from the Foundation. Maybe it makes more tax sense. I'm curious as I've been finally learning about this stuff.
Why is the Foundation asking for donations?
The Foundation Board requests financial support to enable them to better serve the membership of Alpha Sigma Tau. Many members respond when reminded to send a donation. The contributions are requested for such purposes as: to pay the mortgage on the National Headquarters; routine maintenance; to maintain the investment properly; to support the various scholarship funds; and to support Pine Mountain Settlement School.
Who pays for Headquarters?
The National Headquarters is paid for by the donations of individuals, by the membership contributions (dues, fees), and the interest that is generated from the Headquarters Fund. The AST Sorority pays the fair market value for office space that it rents in the Headquarters. All members have a vested interest in maintaining a national headquarters from which the Sorority can operate.
From the AST website
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