Friday, July 25, 2014

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The Kappa Foundation Annual Budget

Foundation Scholarships

As a non-profit, public foundation, the Kappa Foundation offers scholarships to both private individuals and members of Kappa Alpha Psi Fraternity, Incorporated.

GENERAL SCHOLARSHIP PROGRAM

Annually, the Foundation gives scholarships to graduating, college bound seniors, as well as, currently enrolled college students. The number of scholarships is subject to available funds. The selection of students is based primarily on academic achievement, community involvement, and extra-curricular activities. The recipients and amounts of the scholarships are determined by the Scholarship committee, appointed by the Foundation President, and comprised of Foundation board members. To apply for a Foundation General Scholarship prospective students need to contact the Foundation office and request an application. Due to limited funds, it is advised that students apply as soon as possible. Scholarships are usually distributed in September of each year.


FOUNDATION SCHOLARS PROGRAM

Established in 1995, with proceeds from the sale of the Beta House, the foundation Scholars Program provides financial support in the amount of a $1500. (2-$750 scholarships), per province, per year. Selection is mad by the Provincial Councils, the only criteria set forth by the Foundation is the following:

A. that the student be an undergraduate members of Kappa Alpha Psi Fraternity, Incorporated, in good standing;
B. that said brother be in good academic standing, and be involved in community service.

It is important to note that the brother must be an undergraduate during the semester that the scholarship is awarded. Provinces should submit the scholar’s name, mailing address, chapter and college or university to the Foundation by June 30 of each year.

 

The Foundation shall award scholarships to Kappa undergraduate, graduate, and professional school students when money is available and allocated for such purpose. All Scholarship awards shall fall within one of the following three categories:

 

HILIARY H. HOLLOWAY PROVINCE SCHOLARSHIPS

These scholarships are funded primarily from the revenue generated from the Scholarship Endowment fund.

The amount and number of scholarships shall be determined by the Board of Directors at each annual meeting

Each Province shall be solely responsible for determining which undergraduates in their respective provinces shall receive the awards.

The Foundation shall send a letter to the Province Polemarchs each February to explain the availability of the scholarships.

The deadline for notifying the Foundation of the awarding of the scholarships is September 30th of each year. Any scholarships not awarded by that date would be forfeited.

 

TOM BRADLEY MEMORIAL SCHOLARSHIPS

These scholarships may be awarded to any high school, undergraduate, graduated, or professional school student.

The scholarships may be granted at any time as determined by Board of Directors.

There is no identified funding source for these scholarships

Donation Information

Gifts of cash are the most common way of supporting the Kappa Foundation. Your gift is tax deductible. The Kappa Foundation is a 501(c) (3) organization. Presently the Foundation has three categories of cash gifts: Million Dollar Club, Foundation Club, and General Donations.  

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