Endowed Funds

Policies of the Alpha Chi Omega Foundation, Inc. state endowment funds (donor-restricted) may be established in the following categories:

Educational Assistance Grants: Provide educational assistance to members and are available to support collegiate women with expenses related to their education or for continuing education for alumnae members. These are need-based grants.

Love and Loyalty Grants: Established by donors for leadership development. These awards are made directly to individual collegiate chapters, alumnae associations, alumnae members, collegiate members, and/or Alpha Chi Omega Fraternity to support the mission of providing lifetime opportunities for friendship, leadership, learning and service.

Member Assistance Grants: Funds available for alumnae members who have experienced special circumstances and have financial need at this time in their life.

Alpha Chi Omega Opportunity Grants: Opportunity grants are approved by the Board of Trustees from selections made by the Foundation staff to organizations outside of the Alpha Chi Omega Fraternity that support the mission of Alpha Chi Omega.

Scholarships: Support furthering and assisting the educational goals of undergraduate and graduate students. These merit-based scholarships are awarded by the Scholarships Committee based upon performance in four categories: academics, chapter leadership, campus/community activities, and financial need.

Organizational Investment: Supports the operations of the Foundation and all of its educational and charitable purposes and commitments.

A minimum of $15,000 is required to endow a donor restricted (named) fund with the Alpha Chi Omega Foundation.

The donor will have five years to reach the endowed level for donor restricted (named) funds deposited with the Alpha Chi Omega Foundation in a fund holding account. Contributions in any amount and from any source may be deposited into the fund holding account at any time during the endowment building time period. Should the endowed fund minimum not be reached within the time limit, the use of contributions credited to the fund's holding account will be determined by the Board of Trustees.

Income earned on an account that is below the endowed fund minimum is deposited into the Foundation 's General Operating Fund. Income earned on an account that has reached the endowed fund minimum is credited to that fund's account semi-annually beginning with the first full quarter subsequent to that event.

All administrative criteria established by the donor for the endowed fund require approval of the Board of Trustees.

Awards will be made at least once every four years from the accumulated net realized gain on income earned by the endowed fund.