PHI SIGMA KAPPA - 175 Gamma Tetarton Alumni PSK

The principal program service is maintenance of a fraternity house for use by the chapter, The Colony of Phi Sigma Kappa at RPI, EIN 14-6030163. Expenses include depreciation on the buildings, fixtures, and equipment; property taxes, utilities, property insurance, building maintenance, alarm monitoring, and inspections. The organization charges the chapter rent. A portion of the rent is allocated to the self insurance quasi-endowment fund. Another portion is allocated to the house maintenance fund. The rest covers these normal year-to-year expenses. In this fiscal year, the organization provided a grant to the chapter in the form of rent reduction.

The organization operates a 'microgrant program' in cooperation with a local not-for-profit. The program provides funds to support renovations and building improvements in the fraternity's immediate neighborhood.

The alumni association's annual meeting held in the fall serves both as a business meeting, for election of officers, and our principal social event each year. There is also an annual camping trip/retreat held each summer with alumni and the active members of the fraternity. It features workshops on rush (recruitment), house operations, and community involvement.

The organization operates the Istvan Moritz Memorial Scholarship program to recognize and reward academic achievement and contribution to the chapter by undergraduate members.