Dear alumni, parents and friends:
The Alpha Kappa Psi Foundation accepts tax-deductible contributions in support of the Chapter Designated Scholarship Program (CDSP). Through the CDSP, interest income will be annually awarded to chapters in the form of scholarships one their endowment reaches or exceeds the goal of $5,000.
Because only interest income is spent, the endowment will create scholarships for chapters into perpetuity. For example, if an endowment is valued at $25,000 at the beginning of an academic year, that year’s scholarships is $1,500 (based on 5% interest). As contributions are added to our endowment each year, the scholarship amounts continue to grow.
Chapters choose to partner with the Alpha Kappa Psi Foundation because of two important reasons:
- The AKPsi Foundation has professionally managed chapter scholarship funds since 1995 and it is recognized by the IRS as a charitable organization that can accept tax-deductible contributions (gifts made directly to the chapter are not tax deductible).
- Donors to a chapter’s scholarship fund receive the same benefits associated with all donors to the foundation, including recognition on donor honor rolls and receiving at-home subscriptions to The Diary of Alpha Kappa Psi.
Chapters welcome your support in helping grow their endowments so they can increase the size of their annual scholarships for future generations of AKPsi members.