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As a founder of a local canadian organization, which is exactly one year old, I always always always encourage young women who want to "found" a new sorority to check out the existing chapters at their school.
Before Alpha Pi Phi was born myself, and two other founders (out of six), consider rushing other organizations before coming to the conclusion that a new organization was needed on campus (which, evidently, blossomed out of our friendship). The greek community at our school is pretty small (two NPC's - which were not open to expansion, as far as we knew at the time - and 4 locals), and the need for a new sorority was pretty evident during both of our rush periods this year - we had an amazing, quality turnouts in September and January.
Creating a new organization is a very difficult, time consuming and expensive thing to do. It requires a lot of dedication from all founders and, obviously, is not something an individual can do by themselves. I've easily spent an upwards of 2000$ on my organization in one year (out of my savings), along with a lot of time and printer ink :-P I don't regret it and would do it all over again in a heartbeat - but it's not something I would encourage an individual to attempt to "start" if they have not seriously looked into other organizations which already exist on their campus.
If you do decide to go through with it and create a new organization, I strongly suggest you to be on the look out for a few other solid founders, take classes part time next semester and save up a few grand... good luck!
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