Dear Esteemed Brothers of Penn Theta,
We are nearing the end of the giving season and want to let you know of the funding goals of the Penn Theta Chapter Education Fund (“CEF”), a very important initiative that was led by our current Penn Theta Eminent Deputy Archon, Will Locke. Will has done herculean work to gather advice and support from alumni members as well as the national SAE Foundation to create and administer this important Fund. This message provides you with more information about the Fund and how you can make your 501c(3) tax-deductible donation to our CEF to support scholarships for dedicated brothers on significant amounts of financial aid.
Cash donations can be directed through https://support.sae.net/give/251943/#!/donation/checkout after ensuring the “Pennsylvania Theta Chapter Education Fund” is selected. Information about donations of stock can be found at https://www.sae.net/foundation/ways-to-give#ways-online.
HERE are the proposed guidelines that Will and others have developed in conjunction with the SAE Foundation. The guidelines follow the comments and advice of alumni that Brothers demonstrating dedication to the fraternity should be the primary recipients of aid. So the current intention is to grant scholarships to those Brothers on financial aid living in the Chapter House, or to highly aided brothers living in an “off campus” Penn Theta house. Ultimately, per our CEF agreement, the Alumni Association has the authority to create the guidelines we use to nominate “both worthy and needy brothers.”
Additionally, HERE we have attached a preliminary presentation that runs through varying benchmarks we could target depending on alumni and undergraduate support. Due to the early generosity of interested alumni Brothers, there is about $50,000 already in our CEF, so raising another $50,000 would decrease our management fee from 1.5% per year to .5% per year and give us 4-5k of scholarship funding annually. If we can raise another $175,000, it would provide the equivalent of the national dues and expenses for each highly aided Brother. If we could raise just over $450,000, it would provide half dues for all Brothers on financial aid.
Thank you again to those who have already pledged their support and provided advice and counsel to this effort. Please let me know if I can answer any questions. We hope that your families and you remain safe and healthy and enjoy a wonder Holiday Season and wonderful 2022.
Please stop by the Chapter House if you’re in town. The actives would love to meet more alumni since they haven’t had as much of a chance to meet all of you during the last two homecomings. You are welcome anytime.
In the bonds,
Steve Sloan, W77
