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Lambda Chi Alpha Chi Alpha e Beta Kappa Zeta e Beta Kappa Zeta Scholarship Endowment Scholarship Endowment THE $350,000 CAMPAIGN for THE $350,000 CAMPAIGN for LAMBDA LAMBDA CHI ALPHA CHI ALPHA www.BKscholarship.org Campaign support and assistance provided by: OmegaFi 800.276.6342 omegafi.com facebook.com/omegafi www.BKscholarship.org Beta Kappa HOW YOU CAN HELP Gifts to the The Beta Kappa Zeta Scholarship Endowment Campaign can be ON CAMPUS TODAY made by cash, check, credit card and appreciated securities. Gifts can be paid over one to five years. Gifts should be mailed to OmegaFi, our campaign counsel and gift processing firm. All donors – regardless of gift amount – will be prominently recognized. Donors who pledge $2,000 or more will qualify for a tax deduction by depositing their gift at the Lambda Chi Alpha Educational Foundation, a 501(c)(3) organization. Gifts less than $2,000 will be deposited with the Beta Kappa Housing Corporation and are not tax deductible. Pledges are payable over 5 years. Mail to: The Beta Kappa Zeta Scholarship Endowment (2993) OmegaFi PO Box 2187 Columbus, GA 31902 800.276.6342 | omegafi.com CHAPTER Make checks payable to: - Lambda Chi Alpha Educational Foundation (for all pledges of $2,000+) ACCOLADES - OmegaFi (for all other pledges and gifts) > Largest chapter on campus • 98 Brothers NAMING OPPORTUNITIES • 21 Associate Members Opportunities to name a scholarship exist for donors who contribute $10,000 or more. Naming a scholarship oers brothers the ultimate way to leave a > 3.10 GPA personal legacy with LXA or memorialize a family member or fellow brother. Lambda Chi Alpha has a long, storied • $50,000 gift will Endow and Name a $2,000 Brother of the Year Scholarship > Recipients of the 54th history at Georgia Tech. Our students • $25,000 gift will Endow and Name a $1,000 Academic Excellence Scholarship General Assembly Campus and alumni have and continue to make Involvement Award an impact on our fraternity, our • $10,000 gift will Endow and Name a $400 Associate of the Year Scholarship university and our state. > Notable Leadership Positions STANDARDS OF GIVING held by brothers this past year: All the while, Beta Kappa continues Naught Without Labor Society.......................................................... $50,000 + • Georgia Tech Investments to recruit successfully, building the Crescent in the Cross Circle................................................ $25,000 - $49,999 Committee Director largest chapter on campus (119) with Beta Kappa Benefactors...................................................... $10,000 - $24,999 • IFC VP of Recruitment a combined 3.10 GPA. They are strong Delta Pi Circle ............................................................................ $6,000 - $9,999 in number, leadership and character. • Founder and President of Crescent Knight Society.......................................................... $3,000 - $5,999 Greek Village, Founder Vir Quisque Vir Society.............................................................. $1,500 - $2,999 They are an impressive group of Lamplighter ......................................................................................$500 - $1,499 • President of Wreckless young men who represent Lambda Chi Alpha extremely well. They Patrons ...................................................................................................... $1 - $499 > Intramural Sports deserve our full support. * If you have, or would consider including Lambda Chi Alpha in your • Cornhole School estate plans please contact our campaign counsel, John Ross at Champions Today, our task is to preserve the Jross@omegafi.com | 800.276.6342 Beta Kappa experience for future • Basketball Fraternity generations of young men by Champions * If your company oers gift matching to 501c3 charitable foundations, establishing The Beta Kappa Zeta please contact our campaign counsel, John Ross at • Indoor Soccer Scholarship Endowment. Jross@omegafi.com 800.276.6342 School Champions | Beta Kappa CAMPAIGN CHAPTER HOUSE FINANCES LEADERSHIP The Beta Kappa House Corporation has extensively researched the finances of operating the current chapter house (outlined below). Using the income generated by undergraduate rents, the Beta Kappa house is fully self sustainable. Our investment in the physical house is paying o. Glen Grith, BK 1126 Now, the time is right to make a dierent type of investment in our Scholarship Campaign Chairman brotherhood…an investment in their education and leadership training. [email protected] TOTAL ANNUAL INCOME ............................................................ $281,954.72 TOTAL ANNUAL EXPENSE.......................................................... $156,420.45 Vik Ramachandra, BK 1640 NET INCOME AFTER EXPENSES .............................................. $125,534.27 Scholarship Vice Chairman Original Construction Loan .................. $2,011,872 (closed January 10, 2005) John Fischer, BK 1107 Amount Owed .......................................... $1,437,855 Scholarship Vice Chairman – Treasurer (roughly $574,000 paid) Current Interest Rate ........................................ 4.3% Current Mortgage .......................... $15,000/month Monthly Rent Collected..............................$23,000 John Bastian, BK 1115 Scholarship Vice Chairman - Publicity * Mortgage to be paid o within 10 years or by 2024 * 2012 Yearend Balance Sheet and Profit & Loss Statement available upon request. Andy Register, BK 1124 Scholarship Vice Chairman – Awards LAMBDA CHI ALPHA FRATERNITY www.BKscholarship.org Beta Kappa Beta Kappa THE SCHOLARSHIP STRUCTURE SCHOLARSHIPS FOR With a successful $350,000 campaign, Beta Kappa can create a permanent scholarship endowment that will benefit the chapter for generations. Once THE BROTHERHOOD funded, this endowment will allow Beta Kappa to recruit the best and brightest men at Georgia Tech. By recruiting the best men on campus Lambda Chi Alpha will thrive for many years to come as a culture of elite Beta Kappa continues to thrive on campus at Georgia Tech, but in order to academic excellence is fostered within the brotherhood. remain a premiere fraternity, we must identify challenges and meet them with enthusiasm. THE BETA KAPPA ZETA SCHOLARSHIP ENDOWMENT PLANNED SCHOLARSHIPS Greek recruitment at Georgia Tech has never been more competitive than BROTHER OF THE YEAR it is today, and it has never been more expensive to attend one of the top Candidates for brother of the year are nominated by chapter members and 10 public universities in the United States and a 2013 top 5 engineering undergo a competitive assessment leading up to a vote by the chapter. school according to U.S. News and World Report. In order to continue recruiting the best and brightest, we must act decisively. SENIOR SCHOLARSHIP Candidates must complete the equivalent of six full-time semesters prior to The Greek recruitment environment continues to reach new levels of application. Additionally: competitiveness every year. As dues and living expenses continue to rise, > A minimum 2.5 GPA is required several chapters on campus have wisely instituted scholarship programs > Preference will be given to brothers who have represented ΛΧΑ on and tout them as a major benefit to joining their chapter. Failure to take campus (e.g., Ramblin Wreck Club, IFC, student government, campus action while others continue to progress could be disastrous for our committees, and so on) or taken leadership roles within the chapter chapter. If Lambda Chi Alpha is to remain competitive, we must institute a (e.g., ocer, homecoming chairman, wreck chairman, display scholarship program for Beta Kappa NOW. chairman, Greek week chairman, house manager, and so on) > Brother of the year, senior scholarship, and academic excellence LAMBDA CHI ALPHA EXPENSES (FALL 2013) scholarship awardees are not eligible to apply In-House (Active) Out of House (Active) Chapter Dues $700 $700 ACADEMIC EXCELLENCE SCHOLARSHIP Meal Plan $700 $700 Candidates exhibit superior academic performance after completing at least the equivalent of three full-time semesters prior to application. Rent/Parlor Fee $2,550 $500 > Candidates will be evaluated based on a score derived from their Total $3,950 $1,900 academic performance. Fifty-percent (50%) of this score will be based on their overall GPA, while another 50% will be based on the GPA earned over the most recently completed two semesters. In order for Beta Kappa to continue as a top tier fraternity at Georgia Tech, a scholarship endowment is required for long-term success. We > Brother of the year, senior scholarship, and academic excellence know, through a carefully executed planning survey, that over 80% of our scholarship awardees are not eligible to apply alumni understand the need to raise money for this endeavor. ASSOCIATE MEMBER OF THE YEAR Candidates for Associate Member of the Year are nominated by chapter After extensive research, and professional consultation, we believe that members and undergo a rigorous assessment leading up to a vote by the Beta Kappa has the capacity to raise $350,000 to endow a scholarship chapter. In general, leadership and involvement with their initiation group are fund for Lambda Chi Alpha. Not only will this scholarship program have an heavily weighted. immediate impact on the chapter, but it will also serve as a valuable recruiting tool for future brothers. ASSOCIATE MEMBER “SIGNING BONUS” Targets outstanding incoming freshmen prior to rush and oers them an Simply stated, a successful $350,000 campaign will incentive to
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