As of the date of the Grand Arch Council, the Endowment Fund of Phi Kappa Psi had assets of over $17 million, making it the largest men’s fraternity foundation in the nation! This success is attributable to the exciting growth of our Chapter Scholarship Funds, significant chapter capital campaign activity and unprecedented private gifts.

The Endowment Fund of the Phi Kappa Psi Fraternity, organized in 1914, was formed "to aid, encourage, promote and contribute to the education and scholastic attainments" of Phi Psis and other students across the nation. Thirteen Trustees exercise stewardship over the Fund. The Endowment Fund provides funds for a variety of programs and services which directly affect undergraduates and their chapters. The primary responsibilities of the Endowment Fund are:

• The support of academic achievement among college students through recognition of academic excellence, scholarships and support for the proper environment for academic success within chapters.
• The promotion of leadership, citizenship and service for personal growth and development and for the continued strength of Phi Psi, our host institutions and communities and the larger society in general.
• The education of undergraduates in the traditions of the Phi Kappa Psi Fraternity, whose ideals and principles can provide a guiding force for life.
• The support of clean, safe and healthy chapter housing, through grants for educational space and technology and the promotion of living-learning environments conducive to academic excellence.

The Endowment Fund of the Phi Kappa Psi Fraternity provides over $250,000 a year in national and chapter scholarships to deserving graduate and undergraduate students; these include numerous scholarships ranging from $1,000-4,000 in grants.

Chapter Scholarship Funds (CSF) are separate, directed funds within the Endowment Fund, the use of which benefits a particular chapter. Each year, the Trustees of the Endowment Fund typically make five percent (5%) of each CSF available for scholarships and grants to the members of those chapters that have CSFs established.

This tremendous experience will not only better prepare you for the challenge of leading a chapter and will improve your skills as a leader and motivator, but it will also provide you the opportunity to meet with other leaders. This kind of leadership experience is rare among college fraternities. The Academy is funded through a grant from the Endowment Fund. Thus, all travel and enrollment costs are paid!

The purpose of FELA is to provide undergraduate chapter fraternity officers with an education training experience that will help them become more competent in their role as fraternity educators and help them develop training materials and instructional skills with which they will be able to assist other members of their chapter. Again, the Academy is funded through a grant from the Endowment, so all travel and enrollment costs are paid!