About the Chapter Education Fund
In 2005, the chapter and the alumni association decided to start a chapter education fund, or CEF, with the SAE Foundation. The Fund was established with the minimum required balance of $5,000.
A Chapter Education Fund is managed and invested by the SAE Foundation and used to benefit a chapter's undergraduate or graduate-school members. A CEF is established with a tax-deductible contribution, or a combined total of contributions of $5,000. It is subject to the regulations of the Internal Revenue Service and the laws governing 501(c)(3) organizations. All donations to a CEF are included in the donor's lifetime giving record with the SAE Foundation.
More information on a CEF is available here.
The pay-out for a CEF is 5 percent interest of the pinciple balance. It is the payout that is available annually for use by a chapter for projects deemed "wholly educational in nature." When the Fund was set up, we decided that it would pay the tuition for the annual John O. Moseley Leadership School.
Currently we have fallen below the minimum fund balance of $5,000, so we are not able to provide enough support to send a brother to the School. Please consider helping us with a generous donation to the Foundation and our Fund.