We have two distinct funds for the Centennial Chapter House Campaign:

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THE SIGMA CHI FOUNDATION "BETA UPSILON EDUCATIONAL RESTRICTED FUND":

 

If you've donated in the last 20 years, your money remains in this fund minus expenses over the years such as demolishing the old house or paying Pennington & Co. fundraising firm in the 2000's. It was transferred from the WSU Foundation, which never offered donors tax deductibility, when it no longer accepted fraternity money. This protected account is within the national Sigma Chi organization. Because it is defined as an educational fund, your donations are 100% tax deductible. We keep roughly 85% of our campaign donations in this account. It also earns a return for us. It's brought in nearly $20,000 as of early 2018. There are reasonable management fees. Importantly, the Sigma Chi Foundation accountants keep track and issue reports to us once a month. The Foundation will also issue invoices to Sigs who have pledged future gifts whether monthly, quarterly or yearly - something we could not do easily on our own. Our liaison is brother Jim Lawson, who has been incredibly generous with his time dedicated to this campaign. Jim is very accessible and can answer any financial question you or your accountant may have. Call him at 847-563-0230 or email jim.lawson@sigmachi.org

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THE HOUSE CORPORATION FUND AKA "BETA UPSILON SIGMA CHI CLUB":

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This is the smaller Pullman-based bank account rigidly oversee for many years by attorney Howie Neill, who is the fiduciary officer for the legal entity that owns the Sig properties. This fund, about 15% of our total campaign balance, is more nimble and is sometimes used for things like sprucing up the existing chapter house for Homecoming. But with the construction of a new chapter house, this money will go toward non-educational portions of the design such as furniture and landscaping because those expenses are not allowable under the tax designation for the Foundation fund. Donating to this fund is important, however, does not offer tax deductibility for donors. Reach Howie at 509-334-3505 or mjneill@pullman.com

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