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LAE/NYEP Donation FundsLambda Alpha Epsilon maintains several funds for scholarships, educational and leadership programming, long term savings for building renovations, and help with general operating costs to keep undergraduate costs down. Some funds are tax-deductible educational funds and others are not to help with our operations. Learn more about each fund and think about donating today. You can donate online with our PayPal option (a 3% surcharge) or send the LAE Treasurer Mark Murdoch a check made out to the appropriate fund so that 100% of your money is trusted to us. Lambda Alpha Epsilon, Inc Follow these links to learn more about our funds
Tax Deductible Donations Don Farkouh/Mark Hier Memorial Scholarship Fund The Fund has been created in memory of these two Brothers who died in a tragic automobile accident in March 1989. This Fund shall be set up as an endowed trust fund to be administered by the Scholarship Fund Committee of the Corporation. The intent is to annually award scholarships from the interest and/or provide loans to undergraduate members of the New York Epsilon Chapter who will be attending Rensselaer. Award recipients will be selected based on financial need, fraternity participation, campus and community service, and scholastic achievement. Donations are tax deductible as described in section 107(c)(4) of the IRS Code. Make checks out to "Don Farkouh/Mark Hier Scholarship Fund" or pay online. Stewart ("Skeeter") Guild Memorial Scholarship Fund The Fund has been created in memory of this Brother and fellow House Corporation Director who died in a motorcycle accident in March 1993. This Fund shall be set up as an endowed trust fund to be administered by the Scholarship Fund Committee of the Corporation. The intent is to annually award scholarships from the interest and/or provide loans to undergraduate members of the New York Epsilon Chapter who will be attending Rensselaer. Award recipients will be selected based on financial need, fraternity participation, and other criteria as judged by the Committee to be within the spirit of a True Gentleman. Donations are tax deductible as described in section 107(c)(4) of the IRS Code. Make checks out to "Stewart Guild Scholarship Fund" or pay online. The Fund has been created in memory of Brother James Michael Joly, who lost his life due to a fall-related brain injury in January 2011, in order to remember his contributions to the Chapter and with the hope that others will follow his lead in dedication to the ideals of The True Gentleman. This Fund shall be set up as an endowed trust fund to be administered by the Scholarship Fund Committee of the Corporation. The fund’s principal purpose will be to grant annual scholarships to Sigma Alpha Epsilon’s National Leadership School to undergraduate members of the New York Epsilon Chapter that are attending Rensselaer Polytechnic Institute. The James Michael Joly Zeal Fund Committee may annually choose to support alternative education initiatives that are also reflective of and commemorate James’ spirit, character, and life. James was a vibrant and passionate individual, with a broad range of intellectual and contemporary interests. James’ passion and zeal for his fraternity and fellow brothers was endless in nature. As an undergraduate, James served as an active leader in the Chapter and on Campus, having held the offices of Rush Chairman, Pledge Educator, and Eminent Archon (twice). James attended the SAE National Leadership School multiple times, as an active and alumni brother, and his experiences there helped shape him as the charismatic leader he was outside of the halls of RPI. James strongly believed and strived to the best of his ability to live by the principles of a True Gentleman and a leader of men: passion, honesty, integrity, compassion, loyalty, and generosity. He was a man who always lived to be his best, and always asked others to do the same. It is fitting, then that this award be created and utilized to encourage other persons to do their best, to lead others, and to live life with passion. The fund’s purpose is to provide support to educational initiatives, with a focus on initiatives that correspond to James’ passion for promoting the development of individual leaders and improving the collective responsibility of the undergraduate members of the New York Epsilon Chapter that are attending Rensselaer. Donations are tax deductible as described in section 107(c)(4) of the IRS Code. Make checks out to "James Michael Joly Zeal Fund" or pay online. Don Farkouh/Mark Hier Memorial Leadership School Scholarhip Fund (Sigma Alpha Epsilon Foundation Chapter Endowment Fund #3350) The Fund has been created in memory of these two Brothers who died in a tragic automobile accident in March 1989. This Fund is administered as a Chapter Endowment Fund (#3350) to help fund the tuitions of undergraduate delegates to the John O. Moseley Leadership School or projects and/or endeavors deemed "wholly educational in nature." As long as the fund remains above a minimum of $5000, disbursements may be made. Donations may be made online at the SAE website or by calling Nanci Gasiel at 800-233-1856, extenstion 209. Be sure to direct the donation to the "Don Farkouh/Mark Hier Memorial Leadership School Scholarhip Fund (Chapter Endowment Fund #3350."
Not Tax Decuctible The purpose of the Lion Fund is to invest contributions from alumni and surplus LAE Corporation deposits in a proactive manner with the objective of maximizing asset value and generating long term growth. The long term objective of the fund is to provide LAE Corporation with a capital base with which to accomplish major projects such as the building of a new SAE Chapter House. The funds of The Lion Fund may only be used for major house improvements or a new chapter house. The funds may not be withdrawn until there is at least $100,000 in the fund and no withdrawal can be more than 25% of the total fund value. To withdraw funds, a motion to the LAE Board must be made detailing the amount of the withdrawal and its use. The motion must then be passed by a majority vote of the board. Make checks out to "Lamdba Alpha Epsilon" and designate a note to th eLion Fund or pay online. The Operating Fund shall consist of those monies received from the rental and lease of real property, and the normal operation of the Corporation, with the exception of sources of the Building Fund. The Operating Fund may be expended for any purpose involving the normal operation of the Corporation including maintenance, upkeep, and repair of real property, and the cost of alumni functions, the administration of the Corporation, and such other purposes as the Board of Directors may authorize. Make checks out to "Lamdba Alpha Epsilon" or pay online. Phonathan Donors of 2010 |
