In practice, this means the Foundation will provide funding for DKE’s conferences and leadership academies, other educational programming, and direct scholarships for DKE members.
The Foundation is embarking on a new direction beginning in 2017, which is to provide funding to DKE fraternity for its educational programming. DKE’s annual alumni fundraising program is now being conducted by the Foundation rather than the Fraternity. Since the Deke Foundation is a qualified 501(c)(3) organization, this benefits our alumni by making such donations fully tax-deductible under U.S. tax law.
The Deke Foundation has established designated funds for each active chapter. For any donation made to the Foundation, alumni may direct up to 50% of that amount to a chapter fund. Once a Designated Fund reaches $5,000, the Foundation may at its discretion grant money to members of that chapter for approved educational and charitable purposes.
Alumni who wish to donate a minimum of $5,000 per year or $25,000 in total to the Foundation, may establish a named Scholarship Fund in his name, directed specifically to members of his chapter, or to members at large.