2017 Annual Report INSPIRING the next generation of Beta Chi Theta leaders’ in education and professional development

The Beta Chi Theta Foundation, established in 2015, has been created to support the educational advancement for the members of Beta Chi Theta, a South Asian-interest Fraternity. The Foundation will provide scholarships (merit- and need-based) and funding for leadership development opportunities to undergraduate and graduate members of the Fraternity. The foundation is incorporated in the State of Indiana and has been recognized as a 501(c)(3) non-profit organization with the IRS.

2 Letter from the Executive Director

Brothers and Friends, Back in 2014, the Foundation was simply a concept. Since its inception in 2015, we have seen an incredible amount of growth that has cultivated into a robust organization positively impacting lives of our Beta Chi Brothers. This astonishing success in such a short amount of time has been a direct result of strong and prolonged funding from our supporters alongside relentless hard work from the Foundation’s Executive Team.

In 2017, the Foundation’s goal was to create the infrastructure for new and improved educational programs . Today, I am proud to say that we have accomplished many of those major milestones set forth at the beginning of last year. As we embark into 2018, we are extremely excited to continue introducing more programs and encourage all brothers to take advantage.

The Foundation’s mission has always been to provide the best-in-class educational and leadership opportunities for our Brotherhood, paving the way to turn ambition into reality. To ensure the success and longevity of the Foundation, we must continue to band together as one through the strength of our pillars. We hope that 2018 will be an instrumental year for the Foundation, building a strong framework together today and into tomorrow. We thank you for contributing to yet another outstanding year.

Fraternally yours,

Samarth Patel Executive Director of the Beta Chi Theta Foundation

3 2017 A Year In Review

Raised over $6,700 during 2017 and awarded THREE $1,000 scholarships and ONE $500 in leadership grant.

Over the last two years, the Foundation has given out over $10,000 in scholarships and grants.

We believe in “Achieving Excellence Through Giving” and we cannot be thankful enough to our supporters. In 2017, the Foundation launched two of its signature fundraising campaigns to ensure optimal funding for programs.

The Annual Giving Day occurs each year on June 2nd and Quarterly Giving Day occurs each quarter.

4 2017 A Year In Review

To ensure alignment in programmatic communications, the Foundation and National Board strengthened relationships through a collaborative cross-functional media team. The above graphic represent the fruits of those joint efforts. In 2018, the Foundation will continue to focus on collaborative programming and marketing.

5 We Invest 2017 Annual Scholarships

Trushar Patel Scholarship Fund Sai Kamma - University of Texas at Dallas: Junior - Neuroscience I have been heavily involved in microbiology research at my campus and the Trushar Patel scholarship will enable me to travel and present at more conferences without a financial burden. In addition to my career goals in medicine, my arduous academic journey has taught me that education is priceless, and I want to give back to the community that has given me so much by becoming the best possible physician.

Lambda Legacy Scholarship Fund Sneh Bhakta - : Junior - Psychology / OT My name is Sneh Bhakta, I am a third-year Student at the University of Minnesota-Twin Cities majoring in Psychology on an Occupational Therapy Track. This scholarship will help me achieve my goals and aspirations for OT School because it takes a financial weight off my shoulders. This scholarship means a lot to me. Giving to Lambda Chapter has been amazing as I see the fruits of my work through the brotherhood, and service. It is amazing to receive something in return from Beta Chi Theta National Fraternity Inc.

General Scholarship Fund Chirag D. Sheth - University of Connecticut - MD/MBA Candidate Class of 2019 Going to school to pursue your dreams is hard enough but when you add the financial burden it can sometimes be overwhelming. The opportunity to receive a scholarship from the Beta Chi Theta Foundation has helped reduce some of that financial burden and allowed me to focus on what really matters, pursuing my MD/MBA degree to become the best physician I can be. Thank you to the Foundation Board members and donors who have made this possible for me and other recipients.

6 We Invest

2017 Educational Fund

Leadership Fund Nikhil Prajapati – : Junior – Electrical Engineering With the help of the Foundation, I had the opportunity to travel to Philadelphia, where I pitched my concepts to venture capitalists. This experience has most definitely provided me the knowledge and focus of the industry in order to jumpstart my career aspirations in my dream of operating my own engineering company.

The Foundation believes in Achieving Excellence Through Giving. We Invest, because we believe in the potential of these ambitious gentlemen and our future

7 Looking Ahead in 2018

During the first couple of years of the its existence, the Foundation focused solely on developing its infrastructure and governance model.

In 2018, we focus on three main Fundraising strategies: Fundraising, Programming, and Strategic Communications.

To meet and exceed the incoming donations goal, we have devised Programming new and improved Fundraising strategies to ensure optimal funding is available to support the programs.

The Foundation’s second strategy is Strategic to create programs that provide Communications real tangible value for the Brothers.

Finally, our third strategy will be partnering with the Beta Chi Theta in delivering effective marketing communications internally and externally.

8 Fundraising

In 2017, we set a fundraising goal of $15,000. We were able to fundraise $6,700 during the year. In 2018, we are striving to 2017 2018 achieve our original Goal: Goal: fundraising goal of $15,000. $15K $15K 2017 To get us to the fundraising Raised: goal, we are setting forward $6.7K the following strategies.

2018 Fundraising Strategies

GIVING DAY FUNDRAISING CAMPAIGNS Introduction of Yearly Giving Day on June 2nd and 1 Quarterly Giving Day quarterly fundraising campaigns, which focus on encouraging small scale recurring donations. These campaigns will focus on engaging both the alumni and active members. Giving Day will precede with promotional marketing communications tailored around Foundational programs and highlights.

9 Fundraising

REGIONAL DONOR ADVOCATE PROGRAM 2 Continue developing Regional Donor Advocate Program to educate and engage alumni around the country about the Foundation and its initiatives. Alumni act as an advocate for the Foundation and help in its fundraising efforts through referrals to other alumni in their network.

CORPORATE GIVING PARNTERSHIPS 3 Corporate giving platforms such as Benevity.com and YourCause.com, which partner with corporations and companies to provide a portal where employees can donate to their favorite charity/cause. Many companies offer 100% donation matching programs. The Foundation is a registered charitable organization on Benevity.com and YourCause.com. In 2018, our strategy will include optimizing incoming donations through these platforms.

10 Foundation Programs In 2018, the Foundation will be offering many new and improved existing programs.

UNDERGRADUATE AND GRADUATE SCHOLARSHIPS The scholarship fund is designated to award $1,000 scholarships to full time students that are pursuing an undergraduate or a graduate degree at an accredited university.

LEADERSHIP GRANTS The leadership fund is meant to provide current undergraduate and graduate students funding to attend conferences that can provide opportunities to advance their educational/career aspiration. In order for individuals to quality for these funds, the Beta Chi Theta Foundation must endorse the initiative as a meaningful educational or professional development.

PROFESSIONAL WEBINARS Professional webinars will be uploaded on a portal dedicated to help undergraduate and graduate brothers learn about various topics relating to (and not limited to) resume building, networking, interviewing, etc. Each video will cover a specific topic and include an overview of a topic.

MENTORING PROGRAM Mentoring program will exist with the goal of leveraging the experience of an established alumni base to help guide the new and experienced brothers of the Beta Chi Theta Fraternity. The mentoring program will help the individuals create a valuable mentor mentee relationship.

11 Communications & Marketing

Active Body Engagement Recruitment •Social Media •Brochure one-pager of college •Chapter competitions transition into workforce •Alumni video conferences •Promotional videos •Partnership with BCT National Board & Media Team

2018 Goals

External Exposure Alumni Engagement •Improve Social Media footprint •Ongoing alumni database •Target 5 Organizations for improvements partnerships •Master Program Tracker •Incentivize and recognize alumni contributors

12 Financials Beta Chi Theta Foundation

Office of the Director of Finance Verion 2.0: CreatedEst. 2015 by: Pathik Patel

Beta Chi Theta Foundation, Inc. - Confidential Information

Financial Reporting Financial Summary (01/01/2017 - 12/31/2017) Total Income $6,695.83 Total Expenses $8,201.90 Year Net Gain/(Loss) ($1,506.07)

Opening Fund Balance Fund Amount % of Total Unrestricted Fund $985.07 12.3% Temporarily Resticted Fund $7,008.67 87.7% Perminently Restricted Fund $0.00 0.0% Leadership Fund $0.00 0.0% Opening Fund Balance $7,993.74

Revenue Revenue Detail Amount % of Total Unrestricted Fund $5,498.83 82.1% Temporarily Resticted Fund $1,197.00 17.9% Perminently Restricted Fund $0.00 0.0% Leadership Fund $0.00 0.0% Total Revenue $6,695.83

Expense Expense Detail Amount % of Total Unrestricted Fund $487.14 5.9% Temporarily Resticted Fund $7,000.00 85.3% Perminently Restricted Fund $0.00 0.0% Leadership Fund $0.00 0.0% Budget Request $0.00 0.0% Council $0.00 0.0% Insurance $0.00 0.0% Meeting $521.00 6.4% Operational $193.76 2.4% Other $0.00 0.0% Other Conference $0.00 0.0% Printing, Publications, Postage $0.00 0.0% Regional $0.00 0.0% Technology $0.00 0.0% Trademarks $0.00 0.0% Total Expenses $8,201.90

Fund Balance Fund Amount % of Total Unrestricted Fund $5,282.00 81.4% Temporarily Resticted Fund $1,205.67 18.6% Perminently Restricted Fund $0.00 0.0% Leadership Fund $0.00 0.0% Ending Fund Balance $6,487.67 P

Foundation will follow a 90/10 rule for funding allocation whereby: • 90% of funding used towards the development and disbursement of funds for educational programs created by the Foundation (i.e. scholarships, leadership fund, etc.) • 10% of funding will be used towards operating expenses related to the Foundation (i.e. travel, state filings, etc.)

13 Donor Spotlight

Aditya Lingampally Pedro Yilsastigui Artoush Varshosaz Praharsh Modi Ashwin Kumar Prashant Kher James Nall Rahim Lakhani Jason Chakkalakel Ravi Patel Jay Bhimani Roshan Patel Jay Tatachar Sean Sadasivan Kevon Williams Sheevum Patel Kewal Desai Shreedam Parikh Kinesh Patel Souvik Raha Max Hammond Suraj Sinha Mohamed Elabbady Trushar Patel Navdeep Jassal Vinay Kholi Pathik Patel Vinod Chainani

14 Leadership Team and Contact Info

The Foundation’s Executive Team and Board of Directors represent business, industry and academia, were selected based on their involvement and commitment to issues critical to preparing the next generation of Beta Chi Theta professional leaders and students committed to academic excellence. They bring a wealth of expertise in various key areas including strategic and financial planning, workforce development, marketing and communication, and leadership training. EXECUTIVE TEAM BOARD OF DIRECTORS

Executive Director Chairman of the Board Samarth Patel Vivek Surti [email protected]

Finance Director Board Member Pathik Patel Vinay Kohli [email protected]

Education Director Board Member Tenzin Sonam Jay Bhimani [email protected]

Marketing & Communications Director Bhrunil Patel [email protected]

Technology Director Shreedam Parikh [email protected]

Strategic Initiatives Director Nirav Shah [email protected]

15 Frequently Asked Questions

Are my monetary donations tax-deductible? How do I claim my tax-deduction? • At the beginning of each calendar year, the Beta Chi Theta Foundation will distribute a Letter of Acknowledgment for each donor, which will include the total amount of donations for the year. In addition to this, any single donation greater than or equal to $250 will receive its own Letter of Acknowledgement upon receipt, per IRS requirements. Note that the Letter of Acknowledgement is for Donor/Foundation records only. How can I donate? • Please visit www.foundation.betachitheta.com then navigate to the Donate page. Are any of the foundation board positions paid? • No. Neither the Executive Officers nor Directors receive any form of compensation (including monetary or otherwise) for their involvement with the Foundation. How will my monetary donation be utilized? • 90 / 10 funding allocation rule. 90% used towards programs, 10% used towards operational expenses • The Foundation is required by Federal Law to produce a full financial statement for each fiscal year. This financial statement is accessible on the Foundation Homepage. In addition to the financial statement, the Foundation will include a full newsletter within the publication on the website. How can I get involved with the foundation? • Volunteer for an open position • Sponsor a earmarked scholarship (min. $1,000 donation) or a grant (min. $500 donation). Scholarships and grant can be earmarked to a specific chapter, profession, cause, etc. once the minimum donation requirement is met. This also allows the sponsor the ability to name the scholarship / grant, selection criteria and requirements. • Donate to general program fund. No minimum donation is required to donate to this fund. Donations in general fund are disbursed among foundation programs as necessary. How are the funds from the scholarships funds disbursed to the recipient? • The Foundation team will disburse the funds directly to the recipients Financial Aid office of their respective university. No funds will be directly disbursed to the recipient.

16 From all of us at Beta Chi Theta Foundation, thank you for another successful year and for your ongoing support.

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