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.
