To provide funding for the Fraternity to build leaders who are effectively trained with market-valued skills by –
To provide funding to foster the growth of FarmHouse Fraternity through the provision of competitive living/learning housing.
To foster the development of actively engaged alumni who provide current and future leadership and support for the Foundation and Fraternity
Who We are and What We Do
FarmHouse is a duly organized public foundation which is exempt from federal income taxes and which may accept tax deductible gifts under Section 501(C)3 of the Internal Revenue Code. The Foundation, through its Board of Trustees and staff, organizes and administers various funding solicitations of FarmHouse members and friends of the Fraternity, and manages and administers the property and finances of the Foundation for the benefit of the student members of the Fraternity.
What Does the Foundation Do?
| RAISES MONEY |
In the 2006-2007 fiscal year, The FarmHouse Foundation raised $584,030 for Unrestricted Funds (including the Annual Fund, Foundation Councils and Building Funds), $442,944 for Permanently Restricted Funds and $70,161 for Temporarily Restricted Funds. |
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INVESTS MONEY |
With the advice and assistance of the A.G. Edwards brokerage firm, the Trustees invest the endowment and other Foundation funds. |
| GRANTS MONEY |
The Foundation makes grants primarily in six areas: |
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Leadership, "People Skills" and Financial Management Training
Last year the Foundation made grants totaling nearly $93,468 to the International Fraternity and to individual chapters for programs in these areas. |
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Computer Labs and Affiliated Technology for Chapter Houses
Grants totaling $11,919 were made to four chapters and associations in the 2006-2007 fiscal year. |
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Re-contribution to Chapters
15% of every donation to the Annual Fund is earmarked for the donor's chapter of initiation. $37,930 was distributed to the chapters' foundation councils for their specific educational uses and needs. |
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Educational Portion of Chapter Housing
$86,000 was administered under the Foundation's auspices for the educational portion of new or renovated chapter houses on three campuses. |
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Scholarships
The Foundation awarded $31,550 in scholarships last year. |
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Fraternity Support
$47,670 was paid to the International Fraternity for the Foundation's share of the International Office rent, support staff compensation, and the Foundation's portion of Pearls & Rubies . |
Additional Information
All gifts and donations to the FarmHouse Foundation are tax deductible if charitable contributions are itemized. Two basic types of donations can be made to the Foundation:
unrestricted gifts (no specific purpose specified for the funds) OR
restricted gifts (made in accordance with a given objective specified by the donor).
All donors, regardless of the size of their gift, are recognized by publication of their name in the Pearls & Rubies – Foundation Annual Report.