Corporations may establish accounts within the NC State Foundation to accept donations from alumni for the purpose of funding portions of their chapter house that are deemed for “educational use” by the IRS. Corporations may also fund their infrastructure assessments through the Foundation. Please contact the Department of Greek Life for further details.

The Collegiate Housing and Infratructure Act

On April 6, 2005, Sen. Pat Roberts (R-KS) and Sen. Richard Lugar (R-IN) introduced S. 713 to amend the Internal Revenue Code to permit organizations (such as many national fraternal organization foundations) to accept tax-deductible contributions for collegiate housing and infrastructure improvements. Currently, donations to these foundations or local Housing Corporations for non-educational housing improvements are not tax-deductible. This proposed legislation could greatly enhance the ability of organizations to fundraise.

Patton Boggs, a DC lobby firm, is working with the NIC, NPC and Association of Fraternity Advisors on this important legisation, and many other items of interest to fraternities and sororoties.. To find out how you can help (including template letters to contact your representatives), please visit their website: http://www.fraternalcaucus.org/