
Your need must
be valid and contain some sense of urgency — typically
either a building or renovation project. Campaign goals for
fraternities range from $500,000 to as much as $4 million.
Prospects will only donate if the project is clear, attainable,
and desirable. Also, the alternatives must be less desirable.
Features that are becoming standard in Chapter Houses:
•
ADA compliant • Fire safety systems
•
Live-in advisor / house mother suite • Educational
space
•
Computer networked • Modular furnishings
•
Bedroom suite concept (if possible) • Individually
controlled heating and air conditioning
•
Security systems • Street appeal
•
Recognition plaques • Chapter room / library
•
Outdoor decks • Catering kitchen
Tax-Deductibility Vehicles
Local Educational Foundation
You will have local control.
Requires setup costs, annual reporting and volunteer
support.
National Foundation
Convenient, already-established
vehicle for accepting tax-deductible gifts. National
organizations sometimes take a percentage of each gift
and have limitations on distribution. You have little
control over investment.
University Foundation
Convenient, already established
vehicle for accepting tax-deductible gifts. Cooperation
is rare. Generally take a percentage and place limitations.
What Will Qualify as Educational Use
•
Library • Network
technology
•
Group study room / conference room • Study rooms
•
Educational storage • Drafting /graphic arts areas
•
Computer room • Operational costs of these areas
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