The Endowment Fund of the Phi Kappa Psi

“The form 990 is presented to staff. Staff reviews the draft and offers corrections and edits prior to a second draft being reviewed by the foundation's audit committee. After any corrections are made on behalf of the audit committee, a final version is provided to the foundation's trustees for their review and comment.”

“The foundation provides all parties (staff, trustees, etc.) yearly with a written copy of the organization's conflict of interest policy. Individuals are required to execute a copy which is then reviewed by staff and the audit committee. Any potential conflicts of interest that arise from completion of the form or that subsequently are brought to the attention of staff or a trustee are addressed by the audit committee.”

“Compensation for the foundation's chief executive officer is determined and approved by the foundation's trustees based upon a review of established objectives and analysis of local and national salary surveys/data.”

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The endowment fund advances its mission of fostering academic excellence, leadership, and personal growth by investing in students through scholarships, mentoring, housing, and educational programming directly as well as through the nelson leadership institute and educational grants to the phi kappa psi fraternity. At the heart of these efforts is phi psi's nine dimensions of wellness: intellectual, occupational, financial, physical, environmental, emotional, spiritual, social, and cultural. Organized through the framework of mind, heart, and soul, this model ensures that programming and granting efforts support the whole student, cultivating resilience, belonging, and purpose. As one undergraduate described, "phi psi programs don't just make you a better student they make you a better man. I'm walking away with clarity about my future." scholarships & fellowships in 2024, the foundation invested nearly $492,641 in scholarships and fellowships to support the academic pursuits of undergraduate and graduate brothers. More than 560 students applied, resulting in 50 national scholarships and 5 national fellowships, alongside 368 awards granted through chapter and district funds. These awards are more than financial support they are a tangible expression of brotherhood and belief in the potential of today's students. Recipients consistently describe the impact as transformative. One student shared that the recognition "reminded me that alumni i've never met believe in my potential, and that belief motivates me to excel and to one day pay it forward." scholarships therefore embody both the mind pillar, by removing barriers to academic achievement, and the heart pillar, by reinforcing the bonds of trust, encouragement, and shared purpose that span generations of phi psis. Each award not only lessens financial strain but also affirms to students that they are part of a living legacy one that calls them to pursue excellence and extend that same support to others. Explore - career immersion externships explore an award-winning career immersion externship that unites undergraduate phi psis with alumni who share their professional aspirations expanded in 2024 with additional sessions. Supported by the endowment fund, explore moves beyond the scope of traditional leadership and professional development conferences by immersing students in real-time, real-world learning environments where they shadow accomplished alumni and observe industries firsthand. The program embodies the mind pillar of phi psi's developmental framework by advancing intellectual, occupational, and financial wellness. Over several days, students gain exposure to the day-to-day realities of a profession, from strategic decision-making to organizational culture. One participant reflected, "explore didn't just give me a glimpse of a career it gave me a network of phi psi alumni who opened doors i never thought possible." what makes explore distinctive is its customized learning pathways. In addition to broad exposure across an industry, each participant selects a niche track whether finance and investment, construction management, architecture and design, or renewable energy. This tailored approach allows undergraduates to ask targeted questions, deepen expertise in their area of interest, and build lasting relationships with alumni mentors. The outcomes extend beyond career preparation. Explore fosters emotional wellness by instilling confidence in students' professional identities, social wellness by strengthening networks of belonging through alumni connections, and cultural wellness by exposing participants to diverse workplaces and global perspectives. By situating career exploration within phi psi's values-driven model of mind, heart, and soul, explore transforms professional development into a holistic growth experience preparing students not just for their first job, but for a lifetime of purposeful impact. Launch - adaptive leadership pilot in 2024, phi psi pilot”

“The endowment fund is proud to underwrite phi psi's partnership with bettermynd, an online therapy platform that expands access to professional mental health care for undergraduates. Through this initiative, every member receives three free, confidential teletherapy sessions with licensed counselors, available at flexible times and from any location. For many students, this support has been nothing short of life-changing. One brother reflected that "knowing i could access confidential counseling without cost made me feel seen and supported. It reminded me that phi psi cares about the whole person, not just the student." by making mental health resources both accessible and stigma-free, the bettermynd partnership reinforces the heart and soul pillars of phi psi's developmental framework supporting emotional resilience, reducing barriers to care, and ensuring that every member has the tools to navigate life's challenges with confidence. By combining education, prevention, and access to professional care, elevate reflects the phi psi's commitment to the nine dimensions of wellness. It ensures that members are not only prepared to succeed in school and leadership, but also equipped to maintain balance, prioritize well-being, and support one another through the challenges of college life. Chapter housing and living-learning communities beyond scholarships and leadership programs, the endowment fund helps maintain the educational spaces where fraternity life unfolds and learning occurs. In 2024, more than $169,000 in educational housing grants were awarded, while the foundation's endowed funds continued to provide lending capacity that enables chapters and house corporations to pursue major renovations, expansions, and rebuilds. These financial tools ensure that phi psi's living spaces are not only safe and modern, but also equipped to meet the evolving educational needs of today's students. Yet these houses are far more than buildings. They function as living-learning communities, where academic support, mentoring, and brotherhood intersect every day. Alumni often describe them as "incubators for leadership and belonging," emphasizing the role that strong physical environments play in shaping personal and professional growth. As one alumnus observed, "a strong house is more than a roof it's a community that shapes men's lives. The endowment fund's support ensures these spaces remain centers of learning and leadership." by investing in facilities, the endowment fund is investing in the mind, by providing study-friendly environments; the heart, by creating spaces of connection and inclusion; and the soul, by ensuring that chapter houses remain safe, values-driven communities where wellness is prioritized. These living-learning environments stand as enduring symbols of phi psi's commitment to holistic development and the ideals of the creed, preparing brothers to lead and serve long after their undergraduate years. Nine dimensions of wellness - mind, heart, and soul in action together, these programs, scholarships and grants reflect the integration of the nine dimensions of wellness across the framework of mind, heart, and soul. Explore and map drive intellectual and occupational growth. Launch and elevate strengthen emotional resilience and community belonging. Embark instills values and cultural awareness. Housing grants sustain safe environments that support academic and personal development. As one student summarized, "through phi psi, i've grown in every dimension - academically, socially, and personally. I feel ready for what comes next."”

“Decrease in cash surrender value of life insurance -17,604. Change in beneficial interests in perpetual trusts -102,003. Change in value of gift annuity 1,798.”

“The audit committee assumes responsibility for oversight of the financial statement audit and selection of the independent auditor. No processes have changed from prior year.”