Set Up A Scholarship or Grant

The TKE Educational Foundation is a 501c3 corporation and supports the chapters by providing tax deductions to donors interested in supporting the Fraternity. Anyone can donate and receive a deduction, including non-Tekes or parents. Also, as a member becomes a Life Loyal Teke, a portion of his enrollment goes directly into the scholarship and the special projects account.

Scholarships

Donations can be designated to a particular chapter or general scholarship and any amount can be donated for this purpose. Once the minimum $5,000 is raised, the scholarship may be granted during the next school term. The amount of the award will be determined annually by the TKE Educational Foundation Board of Directors and will be based upon the percentage of the fund earnings the past year.

Contributions may be added to the fund at any time to increase the corpus, and the size of the annual award. Any excess earnings not awarded for scholarships will be reinvested in the fund.

The Board of Advisors of the chapter would determine the criteria for awarding a chapter scholarship, and it need not be limited to scholarship awards. If desired, a portion of the allocation may be designated for educational endeavors of collegians; such as chapter delegate attendance at Conclave or a regional leadership activity.  Alternatively, if the scholarship is a general scholarship, the donor may determine the criteria for awarding a scholarship, and the Scholarship Committee of the TKE Educational Foundation Board of Directors would review the applicants each year.

A memorandum of intent must be executed by a principal individual or entity involved in the establishment of the fund. The principal individual will receive a balance status report from the Foundation annually, after the previous fiscal year audit has been completed. Normally, there are reports available by the end of September.

Once established, recipients for awards are usually selected by the Board of Advisors of the chapter, a scholarship selection committee, chapter advisor, alumni association board or the fund’s benefactor. Collegiate chapter members may not authorize awards.

An authorization form must be completed by the principal individual and submitted to the TKE Educational Foundation staff for consideration. The acceptance form is filled out by the award recipient.  These forms are included with the annual fund status report letter, which is sent annually to the principal individual once the fund reaches the $5,000 fully funded status. All scholarship funds are assessed a 5% administration fee on the principal of the account on June 1 every year.

Read more about the Foundations Statement of Policy regarding designated scholarship funds.

Special Projects Grant

Donations can be designated towards a particular chapter or area special projects account and any amount can be donated for this purpose. There is no minimum requirement needed in order for the funds to be granted, however a there must be funds in the account administered by the Foundation in order to request a grant. A grant must be for qualified educational purposes as allowed by the Internal Revenue Service.  Programs that are approved include the TKE Leadership Academy, Regional Leadership Conferences, and Conclave. Any grants issued will be deducted from the funds available in the special projects account. Funds may be added at any time to increase the corpus, and earnings on the account will be reinvested in the fund. All special projects funds are assessed a 5% administration fee on the principal of the account on June 1 every year.

The Special Projects account can be used for registration for TKE educational conferences or educational spaces related to housing projects.  If you are interested in creating a special projects fund for a chapter, a region, or in your name, contact the TKE Educational Foundation.