As an alumni chapter of Beta Sigma Psi, our funds have three main uses. First, we contribute $150/year to the National Fraternity, which is used to fund the staff, programming, and materials the National Fraternity provides to benefit all Beta Sig chapters.
Second, we support Psi chapter through direct grants and scholarships. Our goal is to reduce expenses for them, encourage them to be the best chapter possible, and enable them to do things which would otherwise have been out of reach. This funding includes a substantial contribution toward the cost of the annual Brotherhood Retreat.
Third, our funds are used to support local gatherings of Psi Chapter alumni, promoting continuing brotherhood and friendship.
Our funding comes from dues and donations. All alumni of Psi Chapter are asked to provide dues of $20 per year or $200 for a lifetime membership. In addition, donations are gladly accepted, whether nonspecific or designated to a particular use.
At the current time, we have enough funding to cover National dues through June 2009, so any money received this year will be added to our General Fund and available for direct Psi Chapter grant support, per discretion of the Executive Board.
Have questions about NYAC's finances? Email our treasurer.