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Kappa Sigma Endowment Fund

Kappa Sigma Endowment Fund

Charlottesville, VA 22902
Tax ID36-6018518

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About this organization

Revenue

$1,646,716

Expenses

$991,766

Website

ef.kappasigma.org

Mission

Founded in 1919 by brothers of the kappa sigma fraternity, the kappa sigma endowment fund is the oldest college fraternity foundation and has awarded nearly $5 million to deserving kappa sigma undergraduates across the united states and canada. The endowment fund exists “to support the charitable and beneficent purposes of the kappa sigma fraternity” and is a 501 (c)(3) tax-exempt foundation. The endowment fund provides essential support for the fraternity’s top educational and leadership priorities. To make a donation via check, please make it payable to kappa sigma endowment fund and mail to 1610 scottsville rd. charlottesville, va 22902

About

Student scholarships and grants: Since 1948, the scholarship-leadership awards program has been the endowment fund's hallmark program. The total awarded through the program to outstanding kappa sigma student-leaders is approximately 5.0 million. The endowment fund is one of the preeminent greek foundations in its financial support to undergraduate members. The scholarship program includes 47 named scholarship-leadership awards and the amounts vary between 500-2,500. During 2017, the endowment fund provided 347 deserving members with scholarships for educational purposes.

Interesting data from their 2019 990 filing

The filing outlines the non-profit's goal as “Kappa sigma endowment fund (the endowment fund) is a nonprofit organization formed to produce means available for beneficent and charitable purposes of kappa sigma fraternity (the fraternity). the endowment fund provides scholarships and other qualified educational programs for the fraternity.”.

When explaining its purpose, the activities were outlined as: “Kappa sigma endowment fund (the endowment fund) is a nonprofit organization formed to produce means available for beneficent and charitable purposes of kappa sigma fraternity (the fraternity). the endowment fund provides scholarships and other qualified educational programs for the fraternity.”.

  • As per legal reporting requirements, the state of operation for the non-profit is VA.
  • As per the non-profit's form, they have 0 employees as of 2019.
  • Does not operate a hospital.
  • Does not operate a school.
  • Collects art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $654,950.
  • The CEO's compensation policy within the organization is not established through a review and approval from a neutral party.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 7 independent voting members.
  • The organization was formed in 1919.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $290,562 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization pays grants to individuals.
  • The organization has minutes of its meetings.
  • The organization's financial statements were reviewed by an accountant.

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