Part of the mission of the Triangle Education Foundation is to augment the academic efforts of Triangle’s undergraduate members. This is accomplished largely by providing scholarships and loans to individual members, and by providing grants to Triangle Fraternity for general scholastic and leadership training programs. Through the Technology Improvement Grant Program, the Foundation, contingent on available funds, can also help provide much needed computer and study room equipment in the chapter home.
What follows will outline the details of the Technology Improvement Grant Program. The Internal Revenue Service has very strict guidelines for projects of this type, we will do our best to serve the needs of the chapter and abide by IRS regulations. The Board of Directors places the highest possible importance on providing good stewardship of the funds entrusted to its care; part of that stewardship entails a duty to follow the law and the guidelines established by the IRS for projects of this type.
The information herein reflects the Foundation’s procedures at the moment; given that IRS guidelines can change frequently, projects are subject to IRS rules as they may be amended or interpreted.
What Are Grants For?
Through the Technology Improvement Grant Program, the Foundation can provide a grant to a chapter for computers and related study equipment and supplies. Unfortunately, the Foundation can only provide funds for equipment/materials/supplies contained in a “Designated Education Area” (DEA). Examples of those items are, but not limited to:
1. To furnish a computer lab to house various personal computers or the chapter's PC server connected to personal computers, printers, scanners and other related equipment located in other study areas. This can include, without limitation, necessary climate control, electrical service upgrades, high speed connections and disk storage area.
2. To provide high speed access, including internet to the entire chapter house via hard wire or wireless networking. This can include, without limitation, servers, hubs, switches, routers and wiring.
3. To equip a library space with bookcases and shelving for reference materials, course books and general literature.
4. To provide an educational file storage area to store old tests, notes, study aids, and other papers.
5. To provide furnishings and equipment including tables, chairs, bookcases, study carrels, lights, books, computers, printers, copiers, fax machines, desks, file cabinets, white boards, carpeting and other finishes for a DEA.
Rooms that would qualify as a Designated Education Area might include a computer room, study room, library or study hall, assuming that these rooms are used for no other purpose. For example, a Designated Education Area cannot also serve as the dining room, be used for chapter meetings, or for chapter socials. A study room can not also be used for sleeping.
How Does A Chapter Apply?
The Foundation will review the grant application and supporting documentation. Approval of an application will be granted only if the Foundation determines that the proceeds of the grant will be used solely for educational purposes, and that the proceeds of the grant will be used to produce a broad public benefit to the college or university.
Additionally, the Foundation will consider the number and amount of grant applications, the thoroughness of the grant request, the relative need for education areas at the chapter house and educational institution, and the amount of funds available for grants.
Maximum grants available are between $3,000 and $5,000 and there are no guarantees that full funding will be received. The first round of funding will be made in November. Any funds left over will be disbursed on a first come – first served basis in the spring.
The Grant Agreement
After the grant application has been approved, the appropriate officer or director of the house corporation and the chapter president must execute a Grant Agreement with the Foundation. This agreement:
1. Places certain limitations on the use of the grant proceeds (specifically, that the grant proceeds may be used only for educational purposes.)
2. Requires the chapter purchase all equipment and submit receipts for reimbursement prior to June 1, 2009 – any unused grants at that point will be forfeited.
3. Requires the chapter to submit with its request for payment a detailed report of equipment purchased and pictures of equipment/facilities upgraded.
Key Dates
THE FOUNDAITON IS CURRENTLY NOT ACCEPTING GRANT APPLICATIONS. Please check back to see future announcements about the next round of grant funding.
Questions, Contact:
Scott E. Bova, CFRE, President
Triangle Education Foundation
120 S. Center Street
Plainfield, IN 46168
1-317-705-9803
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