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Is Delta Sigma Pi Tax-Exempt?

April 2, 2013

Welcome back to Terminology Tuesday! Each Tuesday we will blog about some commonly misused terms within the Fraternity. It’s our hope that you take some time to read, laugh, smile, and then use the information to alter your word choices, and the choices of those around you.

Member and business charitable donations are only tax-deductible if made to the Leadership Foundation; not to chapters or the general Fraternity. A 501(c)7 is the designation given to nonprofits that operate as social and recreational clubs.  Delta Sigma Pi is an IRS 501(c)7 organization and operates on the fiscal year July 1-June 30.  A 501(c)3 designation is to educational nonprofits like the Delta Sigma Pi Leadership Foundation.  The Leadership Foundation generates and provides financial support for Delta Sigma Pi Fraternity’s educational and charitable programs, which assist members to achieve individual and professional excellence within the business community.

One Comment leave one →
  1. April 2, 2013 12:55 pm

    It might be worth noting that many Universities will allow chapters to set up a fund for the chapter through the University. The fund typically can only be used for on-campus events, and educational things (like LEAD or GCC). Because the donation is going to a University, which is typically a 501(c)3, the donation would be tax deductible for the donor. It requires some legwork, but could be worthwhile if it increases donations. It could be useful especially for use as a travel fund. Something to investigate for chapters at least.

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