The Order of Omega on our campus is relativly small and designed specifiacally for honoring the top %3 of greek members on campus (based on grades, campus/chapter participation, service, and extracurriculars. We hold a fund raiser during our Greek Week called Penny Wars. This only works if you have a competitive greek week. We raise about $600-$800 and that money is used for educational programming for the greek community as well as scholarships for greeks. As a member, I am working hard to increase the amount of activities, but it is really hard to get things arranged so all members can be there(everyone is a member because they are already so involved and busy!).
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