A Chapter Endowment Fund (CEF) is a restricted fund to support the educational activities of a specific chapter. It provides an annual grant to the chapter that can be used for scholarships, educational programs, leadership development initiatives, and for improvements to educational space in the chapter house.
A CEF created by tax-deductible contributions from alumni and friends of Triangle who designate their gifts to a specific chapter. Once contributions to a CEF reach $25,000 or more an annual grant of up to 5% of the fund’s value can be made to support qualified initiatives. A Chapter Endowment Fund allows your chapter to have its own chapter foundation without the cost, administrative requirements, and restrictions on single chapter foundations.
Triangle Education Foundation Chapter Endowment Fund Program Offers a Tax-Deductible Way to Financially Support Your Chapter.
In an effort to address individual chapter needs, the Triangle Education Foundation has developed the Chapter Endowment Fund Program. This program was originally developed by members of local chapters wishing to support the educational and leadership needs of their local chapter. The Chapter Endowment Fund Program is looking to extend this service to all our chapters. The program will give potential donors the opportunity to make a significant gift to the educational programs of your chapter and a charitable tax deduction on your Federal income forms subject to Federal Tax laws.
Your chapter can now establish its own Chapter Endowment Fund (CEF) with the Triangle Education Foundation. All gifts to the CEF will be held by the Foundation as restricted gifts for the benefit of your chapter for any of the following educational purposes:
Scholarship grants to members of your chapter.
Educational grants to cover portions of the registration travel and accommodation expenses of members of your chapter attending leadership conferences of Triangle or another accredited leadership development program.
Grants for educational resources in your fraternity structure, such as desks, bookcases, books, computers, and software in the educational areas and for the construction, renovation, maintenance, and equipment of Designated Educational Areas of your chapter home.
Educational grants to cover portions of the registration, travel, and accommodation expenses of members of your chapter attending professional society meetings and education events.
Educational grants to underwrite portions of your chapter’s Leadership Advantage session.
Educational grants cover portions of the registration, travel, accommodations, supplies, and equipment for academic competitions in which the chapter is participating.
Assets held by your CEF within the Foundation of an individual account must reach $25,000 in principal balance within three years from the date a fund agreement is executed.
This exciting program provides opportunities to fund the educational purposes of your chapter and the educational and leadership needs of its undergraduate brothers. The Foundation Directors and staff look forward to hearing from you.
CHAPTER ENDOWMENT BENEFITS
1 / Tax-Deductible
Donations are tax-deductible for the donor.
2 / Staff-Processed
All gift processing is handled by the Foundation staff.
3 / Professionally-Managed Funds
The funds are professionally managed.
4 / Organized Fund Tracking
Funds are tracked separately but are pooled for investment purposes.
5 / Detailed Tax Returns
All tax returns are filed by the Foundation.
6 / Audited by a CPA
The funds are audited annually by a Certified Public Accountant
TRIANGLE CHAPTERS WITH
CHAPTER ENDOWMENT FUNDS
Cal Poly Pomona
Penn State Behrend
South Dakota Mines
TRIANGLE CHAPTERS WITH
NOT YET COMPLETE CHAPTER ENDOWMENT FUNDS
TRIANGLE CHAPTERS THAT HAVE ESTABLISHED A CEF VIA THE YOUNG CHAPTER PROGRAM