ALPHA KAPPA PSI FOUNDATION INC logo

Chapter Designated Funds

ALPHA KAPPA PSI FOUNDATION INC

Foundation Annual Grants for Education
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Funding Amount

Varies

Deadline

Rolling / Open

Grant Type

foundation

Overview

Chapter Designated Funds

Overview: The AKPsi Foundation collects tax-deductible contributions and places them in chapter-specific endowments. Interest income from these endowments is annually returned to each chapter in the form of Chapter Designated Fund awards.

Focus Areas:

  • Educational purposes (IRS requirement)

  • Chapter-specific scholarships and educational programming

    • Eligibility:

  • Any Alpha Kappa Psi chapter can create an endowment

  • Chapters must approve the fund

  • Fund agreement must be signed by chapter president and Foundation

  • Minimum "kick-off" contribution of $250 or more required

    • Use of Funds:

  • Educational purposes only (tax requirement)

  • Awards to one or more chapter members

  • Offset registration fees for Principled Business Leadership Institute or College of Leadership

    • Funding Structure:

  • Endowment must reach/exceed $10,000 to be officially endowed

  • Interest income calculated at 4% of endowment balance at beginning of academic year

  • Awards distributed annually after official endowment status

    • Who Can Contribute:

  • Chapter members

  • Alumni and friends of the chapter

  • Individual contributors receive IRS tax deduction (unlike direct chapter gifts)

    • Geographic Scope: All Alpha Kappa Psi chapters

    Contact Information:

  • Email: foundation@akpsi.org

  • Phone: (317) 872-1553

  • Address: Howell + Wendroff Professional Center, 8001 East 196th Street, Noblesville, IN 46062

  • Website: akpsifoundation.org

    • Focus Areas & Funding Uses

    Fields of Work

    education

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