The Endowment Fund of the Phi Kappa Psi Fraternity
To raise, invest, and grant resources to equip every brother to lead a purposeful life of character, service, and impact in his community through scholarships and awards and support for educational projects and programs that advance his personal, professional, and leadership development.
The Endowment Fund of the Phi Kappa Psi Fraternity at a glance
In short: The Endowment Fund of the Phi Kappa Psi Fraternity gave $1.9M across 11 grants in 2025 (avg $170K), mostly in New Hampshire. 36% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $1,873,677
- +1003.7% vs 2024
- Grants made (2025)
- 11
- +120.0% vs 2024
- Average grant
- $170,334
- +401.7% vs 2024
- Median grant
- $62,000
- Total assets
- $97,290,787
- +17.4% vs 2024
- New grantees (estimate)
- 36% first-time grantees (4 of 11, 2025; small sample)
- Primary geography
- New Hampshire (55% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated November 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Endowment Fund of the Phi Kappa Psi Fraternity
Open Grants
7 open opportunities from The Endowment Fund of the Phi Kappa Psi Fraternity
ELEVATE Health and Wellness Program
The Endowment Fund of the Phi Kappa Psi Fraternity
Amount
$101,347 (as of 2017); additional grants at 100% of program costs
Deadline
Deadline not published
Fellowship Grants
The Endowment Fund of the Phi Kappa Psi Fraternity
Amount
Varies
Deadline
Deadline not published
National & District Scholarships
The Endowment Fund of the Phi Kappa Psi Fraternity
Amount
Varies
Deadline
Deadline not published
Who The Endowment Fund of the Phi Kappa Psi Fraternity funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Digitunity Inc ($1.0M). Together the top 10 received $1.9M.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 20 grants of 39 (51%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
States
Cities
Is The Endowment Fund of the Phi Kappa Psi Fraternity open to new grantees?
36%
first-time grantees, 2025
In 2025, 4 of 11 grantees (36%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $287K; repeat grants $104K. How we count
Medians: $49K first-time, $62K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $170K (2024) to $1.9M (2025). In 2025 it made 11 grants totaling $1.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Digitunity Inc North Conway, NH | Programming Grants | $1,037,500 |
| California Epsilon of Phi Kappa Psi House Corporation Los Angeles, CA | Educational Operating Grants | $349,361 |
| University of Illinois Association of Phi Kappa Psi Champaign, IL | Education Area Grants | $124,847 |
| Ohio Delta Company Columbus, OH | Educational Operating Grants | $116,130 |
| Purdue University Phi Kappa Psi Alumni Association Naperville, IL | Educational Area Grants | $68,505 |
| The Housing Corporation for the California Gamma Chapter of Phi Kappa Psi Berkeley, CA | Educational Operating Grants | $62,000 |
| Indiana Epsilon House Corporation Grandville, MI | Educational Area & Operating Grants | $47,000 |
| Tennessee Delta Phi Kappa Psi House Corporation Memphis, TN | Archival Program Grants | $29,600 |
| Oklahoma Alpha Housing Corporation Norman, OK | Educational Operating Grants | $14,944 |
| Georgia Alpha Housing Corporation Charlotte, NC | Educational Area Grants | $13,113 |
Ready to take the next step with The Endowment Fund of the Phi Kappa Psi Fraternity?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $97,290,787 | $11,923,152 | $6,461,164 | $1,873,677 | 11 | $5,294,983 |
| 2024 | $82,856,591 | $6,314,142 | $4,176,927 | $169,763 | 5 | $3,795,963 |
| 2023 | $77,216,082 | $61,569,718 | $5,160,954 | $488,017 | 7 | $2,356,935 |
| 2022 | $27,603,505 | $9,239,646 | $6,103,120 | $328,336 | 8 | $2,223,190 |
| 2021 | $26,119,752 | $5,253,152 | $5,320,092 | $916,759 | 8 | $1,643,141 |
| 2020 | $23,608,641 | $3,422,864 | $5,044,234 | $1,280,905 | 8 | $850,393 |
About The Endowment Fund of the Phi Kappa Psi Fraternity
Based on IRS filings
The Endowment Fund of the Phi Kappa Psi Fraternity is a public charity focused on Education, based in Indianapolis, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $97.3M in total assets. In 2025, it awarded 11 grants totaling $1.9M. Net investment income was $5.3M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Endowment Fund of the Phi Kappa Psi Fraternity is led by Benjamin S. M. Nicol, Chief Executive Officer on every filing since 2020; 4 of 21 officers listed in 2025 are compensated.
Officers on the 2025 filing
Benjamin S. M. Nicol
Chief Executive Officer
On filings since 2020
40 hrs/week
$143K (2020) → $187K (2025)
Timothy P. McCourt
Chairman
Vice Chairman → Chairman, 2024
On filings since 2020
8 hrs/week
No compensation reported
Ari J. Officer
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Carl J. Stoney Jr.
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Christopher J. Hedberg
Trustee
On filings since 2020
1 hr/week
No compensation reported
Donald V. Fites
Trustee
On filings since 2020
10 hrs/week
No compensation reported
Frederick A. Hegele
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Karl D. Brensike
Trustee
On filings since 2020
1 hr/week
No compensation reported
Jerry C. Watson
Trustee
On filings since 2021
5 hrs/week
No compensation reported
Robert W. Dudley
Trustee
On filings since 2022
4 hrs/week
No compensation reported
Charles J. Maxwell Jr.
Trustee
On filings since 2023
2 hrs/week
No compensation reported
David S. Moyer
Trustee
On filings since 2023
5 hrs/week
No compensation reported
John R. Murray Jr.
Trustee
On filings since 2023
1 hr/week
No compensation reported
John D. Watkins Jr.
Trustee
New on the 2025 filing
2 hrs/week
No compensation reported
Michael J. Schroeder
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Drew M. Thawley
Chief Advancement Officer
On filings since 2020
40 hrs/week
$160K (2020) → $178K (2025)
Pamela P. Hawkins
Chief Financial Officer
On filings since 2020
40 hrs/week
$119K (2020) → $153K (2025)
Lee Fuller
Vice President of Development
On filings since 2024
40 hrs/week
$106K (2024) → $116K (2025)
Bruce A. Jackson
Treasurer
Secretary & Treasurer → Treasurer, 2024
On filings since 2020
5 hrs/week
No compensation reported
Randall W. Schnack
Vice Chairman
Trustee → Vice Chairman, 2024
On filings since 2020
4 hrs/week
No compensation reported
John H. Pierce
Secretary
Trustee → Secretary, 2024
On filings since 2021
5 hrs/week
No compensation reported
Former officers (7)
- Former: Wayne W. Wilson (2020–2024) — Trustee
- Former: James C. Denny (2020–2023) — Chairman
- Former: Paul R. Wineman (2020–2023) — Trustee
- Former: Jerry Nelson (2020–2022) — Trustee
- Former: Henry E. Vierregger (2021–2022) — Trustee
- Former: Zack T. Longwell (2021–2022) — Chief Executive Officer of
- Former: W. Guy Spriggs (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $187K, to Benjamin S Nicol (Chief Executive Officer). 4 officers or directors reported compensation on that filing.
Frequently asked questions about The Endowment Fund of the Phi Kappa Psi Fraternity
How much does The Endowment Fund of the Phi Kappa Psi Fraternity give each year?
The Endowment Fund of the Phi Kappa Psi Fraternity gave $1.9M across 11 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $170K across 5 grants.
What is The Endowment Fund of the Phi Kappa Psi Fraternity's typical grant size?
The Endowment Fund of the Phi Kappa Psi Fraternity's median grant in 2025 was $62,000, and its average grant was $170,334, across 11 grants on its 2025 IRS Form 990. Organizations receiving their first grant from The Endowment Fund of the Phi Kappa Psi Fraternity that year got $287K on average.
Where does The Endowment Fund of the Phi Kappa Psi Fraternity give grants?
The Endowment Fund of the Phi Kappa Psi Fraternity gives mostly in New Hampshire: 55% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest states were California (22%) and Illinois (10%).
Does The Endowment Fund of the Phi Kappa Psi Fraternity give general operating support?
Yes: 55% of The Endowment Fund of the Phi Kappa Psi Fraternity's 2025 grants with a stated purpose (6 of 11) were for general or operating support, per its 2025 IRS Form 990.
Who are The Endowment Fund of the Phi Kappa Psi Fraternity's largest grantees?
The Endowment Fund of the Phi Kappa Psi Fraternity's largest 2025 grantees include Digitunity Inc ($1,037,500), California Epsilon of Phi Kappa Psi House Corporation ($349,361) and University of Illinois Association of Phi Kappa Psi ($124,847), according to its 2025 IRS Form 990. Together they received 81% of its itemized 2025 grant dollars.
How large is The Endowment Fund of the Phi Kappa Psi Fraternity?
The Endowment Fund of the Phi Kappa Psi Fraternity reported $97.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $11.9M.
What is The Endowment Fund of the Phi Kappa Psi Fraternity?
The Endowment Fund of the Phi Kappa Psi Fraternity is a public charity focused on Education, based in Indianapolis, IN. It holds $97.3M in total assets as of 2025.
What is The Endowment Fund of the Phi Kappa Psi Fraternity's EIN?
The Endowment Fund of the Phi Kappa Psi Fraternity's EIN (Employer Identification Number) is 36-6130655. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated November 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS September 16, 2026)
- Updated Form 990 for fiscal year 2020 (received by the IRS August 25, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 26, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 21, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 6, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 31, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Endowment Fund of the Phi Kappa Psi Fraternity funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in The Endowment Fund of the Phi Kappa Psi Fraternity's focus areas in our free grants database
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