INDIANAPOLIS - The Offices of the Grand Chapter is pleased to announce the 2017-2018 Fee Structure for Tau Kappa Epsilon unanimously approved by the Grand Council. There will be no fee increases for the 2017-2018 year.
TKE's Chief Executive Officer, Donald E. Aldrich, shared, "As costs continue to rise, we are pleased to keep fees flat for the 2017-2018 fiscal year, while increasing services provided to our members. Through the work of the TKE Grand Council, Professional Staff, and volunteers, we are proud that we have met all of the commitments we made in our fee announcement last year. We continue to evaluate our budget, systems, and structures each year to ensure our members are at the forefront of every decision made."
In 2016-2017, Tau Kappa Epsilon committed to provide additional benefits for members.
Candidate Fee - $75 per man
All candidates must pay this non-refundable fee, which is due within 15 days of bid acceptance. Officers must register each candidate using the TKE Chapter Module. Each candidate will receive a validation email to complete their registration process and pay their fees via MyTKE.org. After 15 days, the chapter or colony becomes responsible for the Candidate Fee even if the candidate drops out before initiation. Chapter officers should use the TKE Chapter Module to monitor which candidates have paid their fee to the Offices of the Grand Chapter.
Initiation Fee - $225 per man ($300 total with Candidate Fee) or One-time Initiation Fee Option - $710 per man ($785 total with Candidate Fee)
Prior to initiation, each candidate must pay an Initiation Fee, which should be done using MyTKE.org. Initiates who pay the One-time Initiation Fee Option will not have to pay Annual Membership Fees for the rest of their collegiate careers. If the Initiation Fee is not received within 15 days of initiation, a penalty equal to 40% of the Initiation Fee ($90) will be added your chapter statement.
Annual Membership Fees - $162 per man for the year (or $97 per man each semester)
The best option is to pay your AMF in full for the year, due by October 1. The chapter or colony will save $32 per man by paying in advance for the full year. If choosing the split option, the first installment of $97 per man is due October 1 and the second installment of $97 per man is due no later than March 1. All returning active members of TKE chapters and colonies are obligated to pay this fee.
Graduate students have the option to be active members of a TKE chapter or colony. Any graduate student wishing to be an active member must pay Annual Membership Fees. Graduate students include all students who have received a bachelor's degree but are still taking classes at a college or university.
Founders Housing Fund Fee - $10 per man per semester
Starting in 2014-2015, the Grand Council took steps to realize a long-standing dream for TKE Nation: to establish a long-term plan to help secure, maintain, improve and re-establish housing at active chapters. This action by the Grand Council incorporates a fee of $10 per semester for all initiated collegiate Fraters, due October 31 and March 31, to be used exclusively for the benefit of chapter housing through the Founders Housing Fund. Any member who initiates in the fall semester will be billed this fee in the spring.
Risk Management Fee - $200 per man per year
As a change that started last year, Tau Kappa Epsilon will be billing Risk Management Fees directly on each group's Chapter Statement in the TKE Chapter Module. Each chapter/colony will be billed based on their Fall 2016 Annual Roster, which is due on September 15. If the Risk Management Fee is paid in full by October 1, the group will receive an early bird credit on their Chapter Statement for 10% of their Risk Management Fee, which can be used to pay for any other fees owed to the Offices of the Grand Chapter. The Risk Management Fee is due in full on October 15 or a chapter can make a split payment with 50% due on October 15 and the remaining payment due on March 15.
Chapter Assessment Fee - $500 single payment; or 2 payments of $390 (Total of: $780) per Chapter
The chapter assessment fee is an annual fee each chapter pays to support the TKE Nation ensuring dependable access to chapter services and resources. For 2017-18 it will be due in two equal installments of $390, one due October 31 & the second due March 31, or a single payment of $500.
Conclave Savings Plan - $250 per semester
Conclave installment payments are due no later than October 31 for the fall semester and March 31 for the spring semester. The CSP is a savings plan offset the cost of sending a delegate from each chapter to the 2017 Conclave. There are 4 payments towards this per biennium.