1. Scholarship awards to members of the chapter.
2. Educational grants to cover portions of travel and accommodation expenses for chapter members to attend international-level events such as the Mid-Year Leadership Conference and Sigma Pi University.
3. Grants for educational resources in the chapter house including desks, bookcases, books, computers, and software. CEF funds may also be used for the construction, renovation, and outfitting of educational areas within the chapter house.
4. Loans bearing interest to the chapter for housing improvements educational in need. A CEF can earn a percentage of the interest paid on the loan along with 100% of the principal from each loan payment returned to the CEF.
A CEF can be started with an initial deposit of $1,000 and, once it reaches a principal balance of $10,000, both scholarships and grants may be advanced from the chapter’s fund. Assets of individual CEF accounts are invested into fixed income accounts and are accounted for separately. Typically, the $10,000 balance is raised within a three to five year period. The Educational Foundation will work with the local CEF board to send out e-blasts and direct mail pieces to assist in raising money for the fund, with the expense supported by CEF funds.
Anyone can donate to a Chapter Educational Fund including alumni, undergraduates, friends, and members’ parents. In addition, many employers offer a matching program for employees making charitable donations.