Overview
What is Kappa Sigma Endowment Fund?
The Kappa Sigma Endowment Fund is a charitable organization, established with the mission to support Kappa Sigma Fraternity by offering educational scholarships and programs. Headquartered in Charlottesville, Virginia, the Endowment Fund has been a significant source of financial aid for exceptional Kappa Sigma student leaders since 1948, awarding over 5 million dollars in scholarships to date. During the 2022 fiscal year (FY22), they provided 195 merit-based scholarships and further supported the Dr. John W. Ryan Leadership Circle by granting 23 scholarships. Additionally, the Endowment Fund manages and awards scholarships from chapter-designated investment accounts, distributing 410 merit-based scholarships in FY22. Furthermore, they grant funds to organizations that assist military veterans through the Military Heroes Campaign. The Kappa Sigma Endowment Fund continues to uphold its commitment to supporting the fraternity's members in their academic pursuits and personal development.
Official website here: www.http//ef.kappasigma.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 45%, Zero-Star out of Four Star rating.
The Kappa Sigma Endowment Fund has received a low rating reflecting significant concerns regarding its financial accountability and efficiency. While the organization has a fully independent board and adheres to several governance policies, it has failed to implement key operational standards, such as a whistleblower policy and posting its tax forms on its website. These shortcomings have negatively impacted its overall score.
One strength noted is the absence of material diversion of assets, which indicates a level of financial integrity in terms of resource allocation. However, the Fund's program expense ratio and fundraising efficiency are alarmingly low, suggesting that a large portion of funds is not being utilized effectively toward its mission. The liabilities to assets ratio is also concerning, indicating potential financial instability.
Overall, while the Kappa Sigma Endowment Fund maintains some essential governance practices, the significant issues regarding financial management and transparency hinder its ability to effectively serve its constituents and achieve its organizational goals. Potential donors and supporters should carefully consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Kappa Sigma Endowment Fund legitimate?
Kappa Sigma Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kappa Sigma Endowment Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.http//ef.kappasigma.org
What is the mission statement of Kappa Sigma Endowment Fund?
The Kappa Sigma Endowment Fund, established as a nonprofit organization, is dedicated to generating resources for charitable purposes related to the Kappa Sigma Fraternity. The primary mission of this endowment fund is to provide scholarships and educational programs for the fraternity's members. Since 1948, the Scholarship-Leadership Awards Program has been a significant highlight of its activities, with approximately 5 million dollars awarded to outstanding student-leaders within the fraternity. The Endowment Fund is recognized as one of the leading Greek foundations in providing financial support to undergraduate members. In addition to its scholarship programs, the fund provides merit-based scholarships through designated investment accounts and grants through the Military Heroes Campaign to organizations supporting military veterans.
Official website here: www.http//ef.kappasigma.org
Who is the CEO of Kappa Sigma Endowment Fund?
Thomas P Bishop is the Chairman of Kappa Sigma Endowment Fund.
Official website here: www.http//ef.kappasigma.org
What is the revenue of Kappa Sigma Endowment Fund?
Kappa Sigma Endowment Fund's revenue in 2022 was $3,653,643.
Official website here: www.http//ef.kappasigma.org
Who are the executives of Kappa Sigma Endowment Fund and what are their salaries?
There 7 volunteers at Kappa Sigma Endowment Fund.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.http//ef.kappasigma.org
Where can I find the form 990 for Kappa Sigma Endowment Fund?
Kappa Sigma Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.http//ef.kappasigma.org
Learn more at the official website: www.http//ef.kappasigma.org
Mission Statement of Kappa Sigma Endowment Fund
The Kappa Sigma Endowment Fund, established with a benevolent and charitable purpose, is a nonprofit organization dedicated to supporting Kappa Sigma Fraternity. Its mission is to generate resources that cater to the educational needs of the fraternity's members. The Endowment Fund accomplishes this by providing scholarships and various educational programs for the fraternity's student members.
Since its inception in 1948, the Scholarship-Leadership Awards Program has been the Endowment Fund's flagship initiative. This program has awarded approximately 5 million dollars in scholarships to outstanding student leaders within the fraternity. The Endowment Fund plays a significant role in supporting undergraduate members, making it one of the preeminent Greek foundations in this regard.
During the fiscal year 2022, the Endowment Fund disbursed 172 merit-based scholarships, in addition to 23 scholarships offered through the Dr. John W. Ryan Leadership Circle. Furthermore, the Endowment Fund manages and provides scholarship awards from chapter-designated investment accounts. In 2022 alone, this chapter scholarship fund awarded 410 merit-based scholarships to deserving student leaders. Additionally, the Endowment Fund provides grants through the Military Heroes Campaign to organizations that aid military veterans.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Kappa Sigma Endowment Fund has a significant impact through its commitment to providing scholarships and educational programs for members of the Kappa Sigma Fraternity. Since its inception in 1948, the Scholarship-Leadership Awards Program has been at the forefront, awarding approximately $5 million to exemplary student-leaders. In the fiscal year 2022 alone, the fund awarded 172 merit-based scholarships and an additional 23 scholarships through the Dr. John W. Ryan Leadership Circle, demonstrating its dedication to academic excellence.
Moreover, the Endowment Fund supports chapter-designated investment accounts, facilitating 410 additional merit-based scholarships for outstanding student-leaders during FY22. This focus on scholarship not only promotes education but also nurtures leadership within the fraternity.
Beyond educational support, the Endowment Fund actively contributes to community and veteran support through initiatives like the Military Heroes Campaign, which provided seven grants to organizations dedicated to assisting military veterans. Overall, the Kappa Sigma Endowment Fund plays a vital role in fostering leadership, education, and charitable endeavors within and beyond the fraternity.
This information is meant to be a general summary of Kappa Sigma Endowment Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $240,282
- Gross Receipts: $5,294,726
Assets and Liabilities:
- Total Assets: $17,499,104
- Total Liabilities: $3,056,448
- Net Assets: $14,442,656
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1919
Phone
(434) 979-5733Principal Officer
Thomas P Bishop
Main Address
1610 SCOTTSVILLE RD, CHARLOTTESVILLE, VA, 22902
Website
www.http//ef.kappasigma.orgNTEE Category
Code: B83 - Education
If you are a representative of Kappa Sigma Endowment Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.