Alpha Chi Rho Educational Foundation Inc

The Alpha Chi Rho Educational Foundation Inc, identified by Employer Identification Number (EIN) 136085233, is a United States-based nonprofit organization. It is classified as a 501(c)(3) entity, which allows it to operate for educational and charitable purposes.

Purpose and Mission

The foundation aims to foster lifetime commitment to personal enrichment and community service among members of Alpha Chi Rho, a national fraternity. It promotes scholastic achievement and supports the pursuit of higher education by offering scholarships and student loans to deserving students affiliated with the fraternity[1][3].

Financial Overview

Financially, the foundation relies on contributions, investment income, and other revenue sources. As of its most recent fiscal year, contributions made up a significant portion of its revenue, followed by investment income[1]. The foundation does not pay executive compensation but allocates a portion of its expenses towards salaries and wages for other employees[1].

Matching Gifts and Volunteer Grants

The foundation encourages donor involvement through corporate matching gift programs and volunteer grants. It partners with organizations like Double the Donation to facilitate these programs, allowing contributors to effectively double or triple their donations[2].

Governance

The foundation is governed by a board of trustees, who oversee its operations and strategic direction. Key leadership includes various trustees and officers responsible for managing the foundation's activities[1][5].

Activities and Programs

Beyond monetary support, the Alpha Chi Rho Educational Foundation promotes community service and personal development. It aligns with the fraternity's values of cultivating men of character, honor, and integrity. The foundation's scholarships, such as the Wilbur M. "Curly" Walden Graduate Scholarship and the F. Prescott Hammond Graduate Scholarship, recognize academic achievement and community leadership[3].

Annual deadlines for applications are typically April 1st, with requirements for academic enrollment and detailed application answers[3]. The foundation also aims to secure corporate sponsorships to further support its mission of developing young leaders[4].