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The following is a summary of the Beta Sigma Psi Educational Foundation's Educational Programming Mission. A full copy of our Case Statement, which contains details on all aspects of our mission, goals and methods of operation, is available upon request.
To support Beta Sigma Psi National Fraternity through the sponsorship of scholarships and educational programs which encourage spiritual growth, scholastic excellence, and leadership.
To consistently and completely sponsor Beta Sigma Psi national and chapter educational programs, including membership recruitment, expansion, membership education, and the enhancement of educational resources.
Encourage Spiritual Growth
XLVIIITo sponsor educational programs which encourage spiritual growth.
Encourage Scholastic Excellence
2.To sponsor scholarship grants and awards which inspire and recognize collegiate academic achievement and campus involvement.
3.To sponsor scholarship grants and loans for college students who require financial assistance.
4.To sponsor the enhancement of educational resources such as libraries and learning equipment.
5.To sponsor seminars on specific academic initiatives.
Encourage Leadership
6.To sponsor national awards which inspire and recognize excellence in individual leadership and chapter management and operations.
7.To facilitate special scholarships recognizing outstanding leadership.
8.To sponsor leadership seminars to educate, enlighten and train members.
Sponsor Beta Sigma Psi Educational Programs
9.To sponsor seminars and other grants to encourage increased membership and expansion.
10.To sponsor seminars and the development of other materials to educate members on a variety of topics ranging from risk management to career opportunities.
11.To sponsor grants and loans for educational programs which are consistent with the mission and goals of the Beta Sigma Psi Educational Foundation.
12.To raise sufficient funds to enable the sponsorship of the programs of the Beta Sigma Psi Educational Foundation. (Phase 1)
To raise sufficient funds to grow the endowment fund so that the endowment fund's earnings can fund the educational programs sponsored by the Beta Sigma Psi Educational Foundation. (Phase 2)
To raise sufficient funds to grow the endowment fund above the rate of inflation, preserving the present-day asset value of the endowment fund. (Phase 3)
13.To manage the endowment fund as a set of sub-funds, each targeted towards specific purpose(s), aligned with the mission and goals of the Beta Sigma Psi Educational Foundation.
The Beta Sigma Psi Educational Foundation's assets are grouped into an unrestricted (general) fund and an endowment fund. The unrestricted fund is presently used to finance fund raising activities, scholarships, and various educational programs. The endowment fund consists of a collection of special-purpose sub-funds, each supporting one or more of the Educational Foundation's strategies. The principal of the endowment fund is preserved. Only the earnings from the endowment fund are available for distribution. Sub-funds exist for each chapter of Beta Sigma Psi along with sub-funds for National Programs, William Welge Memorial Scholarships, Ethical Leadership Education, and the Timothy R. Kettler Christian Leadership Award.
Funds for educational programming sponsored by the Beta Sigma Psi Educational Foundation are distributed in response to grant requests. The process consists of a two-page grant application form and may be supplemented by additional information. Anyone may prepare a grant request. The Educational Foundation requires the following steps for certain types of requests:
For active chapters:
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Obtain approval from the active chapter's executive board.
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Obtain approval from the alumni chapter's executive board.
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Ensure that all active chapter and alumni chapter bills payable to the National Fraternity are paid in full.
For alumni chapters:
- Obtain approval from the alumni chapter's executive board.
- Ensure that all active chapter and alumni chapter bills payable to the National Fraternity are paid in full.
For national programs:
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Obtain approval from the National Finance Committee.
All grant request forms should be submitted to the Educational Foundation at the address specified on the letterhead on the form. Grant requests are acted upon by the Educational Foundation's Board of Directors. Grant application forms received by the last day of January, March, June and October will receive a response within one month of those deadlines. Receipts or other appropriate documentation are required prior to the payment of all grants.
It is estimated that between $5,000 and $10,000 of each active and alumni chapter's annual expenses are educational in nature. These programs could be funded by grants from the Beta Sigma Psi Educational Foundation, with sufficient donor support. This would free up chapter funds to be used on other worthwhile projects.
National Fraternity educational expenses consistently exceed $25,000 per year. As the National Fraternity's primary sources of income are the Educational Foundation and member dues/fees, numerous programs must be abandoned when these funds are not sufficient. Additional donor support would enable expanded scholarship, leadership and membership recruitment programs from the National Fraternity.
Lastly, to provide strong recognition of academic achievement and campus involvement and to provide significant assistance to those with financial need, ten scholarships of $1,000 each are necessary.
To achieve the Educational Foundation's goals in support of Beta Sigma Psi, the Foundation for the Future Campaign is being developed. More information on this campaign will be presented soon.
This campaign is a way to generate a million dollar endowment fund. Generous Beta Sigma Psi alumni will donate or lend amounts, interest free, to grow the Educational Foundation's endowment fund to one million dollars. At 6%, the Educational Foundation would earn $60,000 each year to fund chapter and national educational programming. This would be in addition to the $45,000 that is raised from the annual phone-a-thon fund drive.
The Beta Sigma Psi Educational Foundation is led by a volunteer board of directors. Educational Foundation members (donors of $30 or more per year) are empowered to participate in the election of the directors. Officers of the Educational Foundation are chosen by the directors.
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