By LaTasha Gouirage
The Fund’s Finance Committee is headed by Floyd
Mitchell, Vice Chairman of the Board of Directors. The committee is
comprised of nine committee members, a blend of Phi Sigma Pi members and
non-members who are all experts in the field, and seeks to create
financial policies and ensure the fiscal stability of the Endowment
Fund. They have a number of responsibilities; including identifying the
Endowment Fund’s policies and procedures and ensuring that the Fund is
operating in accordance to these metrics, as well as creating a
long-term investment strategy tailored toward the economic environment.
The committee is also committed to guiding the Endowment Fund through
sound financial decisions and fund reimbursement for all expenses,
working closely with the Treasurer of the Board.
As
a charitable non-profit entity, the Fund has strict guidelines set
forth by the IRS. It is the responsibility of the Finance Committee to
act as the regulatory body of the Fund, operate within the IRS
guidelines, and accurately report all information as needed. The Finance
Committee focuses on the immediate and long term financial needs of the
Endowment Fund and is currently working to develop an investment
strategy that will maximize the Fund’s operating monies. As the Phi
Sigma Pi, Alpha Tau Chapter Endowment Fund, Inc continues to grow; the
Finance Committee’s roles and responsibilities will continue to evolve
to meet the needs of the Fund and its objectives.
By Michael Pigford II
The Fund hosted its’ inaugural Family Reunion
Sunday Brunch on Sunday, October 25, 2009 at Phillips Flagship on the
Washington, DC waterfront. There was no better way to end a marvelous
assortment of Howard University Homecoming festivities, than by having a
wonderful brunch with plenty of your closest friends and family
members. This was not your typical brunch, however, as there was a
magnificent food selection ranging from breakfast foods to an array of
lunch foods including crab, shrimp, and oysters.
Food
and fellowship were not the only highlights of this year's brunch. A
Chinese auction also occurred, with the proceeds going directly toward
the scholarships given out annually by the Fund. The different prizes
raffled off were gift certificates to Phillips Flagship, an autographed
Washington Redskins jersey, an impressive piece of artwork from the
Rachel D. Crouch Art Gallery , Microsoft software, Howard paraphernalia
from the Howard University Bookstore, jewelry from Unique Home Gifts and
Accessories, and many more. Gifts were also given to guests for
different 'superlatives' that were chosen by the fundraising committee,
such as best dressed, farthest traveler, and the eldest attendee, just
to name a few. The Phi Sigma Pi, Alpha Tau Chapter Endowment Fund, Inc.
would like to thank all of the committee members, guests, and sponsors
that made this year's Family Reunion Sunday Brunch a huge success. We
look forward to seeing you all next year, and of course, bring a friend!
