Phi Beta Sigma National Foundation Inc.

“The organization is a related party to Phi Beta Sigma Fraternity, Inc. Part of the organizations mission is to provide funding for some of Phi Beta Sigma Fraternity Incs international programs. There is a memorandum of understanding between the related parties. Although some members of the fraternity serve as board members of the organization, none of the international officers of Phi Beta Sigma Fraternity, Inc. serve as officers for the organization.”

“Activity Hurricane Relief Amount 1,852”

“Description AmountBank Fees 2,070Other 260”

“Category Beginning of Year End of YearPledges Receivable 0 88,836”

“Exempt Purposes: Provide opportunities for youth to achieve excellence in academic and cultural endeavors; provide opportunities for minority businesses to have access to capital and to grow to their full potential; provide support for initiatives that will improve healthcare, voter registration and education, and enable forums and conferences for broader understanding of social issues; futher the educational and career development of the fraternitys members and others through seminars, publications and conferences; and to receive and administer funds and properties of all kinds for such charitable or educational purposes as permitted of a 501(c)(3) organization exempt from federal income tax.”