If the dues and donations go to the fraternity, then where does the foundation get its money?
I thought I had figured the whole concept out earlier when I thought foundations hold onto the money so as to shield the fraternity in case of a lawsuit.
-Rudey
Quote:
Originally posted by lifesaver
I dont mind. Unlike some on here, my world dosent cease to exist if people know my orgs. address or something. I also dont see any problem with transparency. We got nothin' to hide.
The Fraternity gets its funding and income from three sources.
1) Undergraduate dues, (undergrad semesterly dues - I think its about $45 a semester, per person in the chapter/colony) fines (levied on a chapter for violations of policy) and fees (initiation, new member fee, chartering fees, etc.) I'd also venture to guess theres a bit of a markup on our insurance bills to cover the cost of handeling the paperwork, etc.)
2) Alumni donations. Alumni can donate to an undergraduate chapter, the Foundation or to the Fraternity itself.
3) Capital Campaigns. Right now the Fraternity (not Foundation or LCAP) is in a capital campaign and as of February, has raised about $2 mil of a targeted $6.5 mil
I know the Foundation has the most money. LCAP is probably the second most valueable, because of the properties it owns and the Fraternity is last. They have some money in the bank and some liquidity, but the other two companies are definately worth more in assets.
The largest employeer is the Fraternity. I'm just guestimating, but I'd imagine the Fraternity employees about 25 staffers. I'd think the Foundation employees about 3-5 and LCAP about 5 or so as well.
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