Fundraising Frequently Asked Questions
How did the Capital Fundraising
Initiative get started?
first Capital Fundraising Initiative (CFI)
started almost by accident during the 2004 alumni golf
outing, when three brothers committed to each other they
would contribute a combined $20,000 over the next five years
to help ensure Epsilon Gamma would have the financial
resources needed to make improvements to the chapter house
and provide experiential learning scholarships for the
The first campaign ended in 2010, the
current campaign will run from 2013-15.
This is the first time we've set the goal of funding a
What are the goals of this fundraising effort?
To raise a $100,000 for the permanent endowment, $5,000 -
$10,000 annually for scholarships and $20,000 for house
I’d like to contribute but am not in a position to give at
the amounts listed in the above. Can I help?
Yes. Fill out the form above and choose the fourth option.
We will work with you.
Annual pledges or one-time gifts of any amount are
welcome and appreciated.
Is my donation tax deductible?
We are currently in the process of applying for 501c(3)
status for the Pi Society.
Donations for scholarships and
leadership opportunities will be handled through the
Beta Theta Pi Foundation,
and they are tax deductible.
Donations for house improvements or chapter/alumni
activities are not tax deductible.
Will I receive a reminder when my payments are due?
Yes. You will receive a reminder along with instructions
about who to make your check payable to and where to send it
— depending on the type of donation you’ve chosen.
What rooms are available in the house for
Contact Scott Nadeau at
will send you a floor plan of the house noting the available
Are there other things that can
you have a strong desire to sponsor something you do not see
mentioned please fill out the form
above and we will contact you.
happens after the "ten years"
Pi Society memberships will need to be renewed every ten
years. Room sponsorships will remain as long as our chapter
resides in the current house at 814 South Main Street.
experience sponsorships and academic scholarships
will need to be renewed every five years.
Can my gift be “anonymous”?
Yes. You can make those arranements when we contact you.
Why are we putting so much money into a
house we plan to tear down?
At one time in the 1980s and 90s, we had
a grand plan to tear down the house and build a new one in
its place by the year 2020.
As of 2013, there is no plan to tear down the house and
build new. Financially, it is not on our radar. Our historic
house remains in great shape, and is one of the gems on Main
Street in Mt. Pleasant. There are plans in place to keep the
house updated and improved each year.
Our chapter house was built in 1914. The house was occupied
by individual families until 1937. Since 1938, an average of
14 college students has lived in the structure each school
year including two fraternities and one sorority. The
house had gone through major renovations at least twice
prior to our acquisition of the house in 1987. The house is
4,944 square feet with 2 full & 2-1/2
baths (including the basement.)
From 1987 to 2002, all rent collected went directly to
paying down the bank loans and taxes for the house and
performing minor maintenance and repairs. Large items such
as a hot water heater and bathroom renovations were covered
in many cases by the undergraduate chapter through dues,
house fees, etc. Major repairs — such as a new furnace, and
fire inspections that required major repairs were paid for
by alumni gifts made on an emergency basis. In 2002,
the original bank loans for the chapter house were paid in
full. We borrowed $55,000 to make major improvements to the
safety and structure of the house as required by the city
fire inspector. A portion of the $55,000 was used to replace
original windows, the original roof and to cover the
original wood siding with vinyl siding. In 2005, we borrowed
an additional $110,000 to perform major renovations to the
interior of the chapter house to ensure a safe, comfortable
environment for the new
undergraduate chapter to move in to.
In 2010, we consolidated our equity loans
(Less than $150k total) into one with the goal of paying it
off by 2020.
Today, our chapter has by far the nicest fraternity house
with the most charachter in one of the most perfect locations on Main Street. All
things considered, we can be very proud of the sweat equity,
the financial stewardship and the thoughtful consideration
of so many brothers in our chapter’s short history relative
to the chapter house and the advising of the chapter.
Note: This F.A.Q. is not intended to be
exhaustive — it simply reflects the questions we have
received to date. If you have a question about the
Capital Fundraising Initiative that you do not see
answered here please contact Scott Nadeau at