Chapter Finance and Fundraising
The Chapter Finance and Fundraising Resource Guide (a.k.a. The Money FAQ) intends to assist chapters in sharing ideas for chapter budgeting, long-term financial planning, and the challenging area of fundraising. This guide is not intended as specific or required direction on any topic, and it does not serve as substitute or supersede any direction on finances, payments due, or risk management areas (e.g. insurance) given by the National Governing Documents or the National Office.
Please join in making this living document and assisting other chapters by adding, editing, and improving the information contained here.
These ideas should require limited planning and up front costs These ideas should require limited planning and up front costs. They likely won't raise the most money but are quick and easy ideas. For Chapters who are struggling with fund raising or looking for new ideas this is a good place to start.
These projects may be recurring, can utilize more members of the chapter and can sustain the chapter's budgetary needs.
- Events Concessions Sales
- T-shirt Sales
- Sports Tournaments
These are projects with significant investment in terms of planning, may be used for one off large budgeted cost events and likely require coordination across multiple committees in the Chapter.
Fund Raising Resources
Managing Your Chapter's Money
- How can we plan our Big Event funds more effectively? Read: "How to Buy a Big Gorilla"
- Saving money. Should we save? How do we manage this well?
- How much should our Chapter Dues be in addition to the National Dues?
- What is an Endowment Fund and how do we create one?
- Chapter Scholarships
- Chapter Subrosa and Assistance Funds
Links to External Resources
- At the National level, Phi Sigma Pi is a 501(c)(3) non-profit
- At the Chapter level, Phi Sigma Pi chapters are considered social clubs by the IRS, meaning primarily that they do not pay taxes but can not directly take in tax-exempt contributions. Your Chapter needs to be incorporated in your state in order to receive a tax identification number. Chapters cannot use the national organization's tax identification number.
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