Delta Upsilon Foundation

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CEA - Custodial Fund

In some cases, chapters may seek management of significant existing financial assets. One example might be if the chapter sold their existing physical property and sought management of those assets for maximum return and efficiency until an appropriate time to withdraw those funds. This may benefit the chapter by eliminating certain tax obligations i.e. realized capital gains, etc.

Policies
  1. A one time 5% administrative (overhead) fee (but not less than $5) on a lump sum transfer of assets, as well as on individual alumni contributions will be paid to the DUEF's general fund. For example: A gift of $1,000 will result in a $950 deposit to the CEA and $50 to the DUEF general fund.
  2. To cover the cost of maintaining the Fund, the DUEF will assess a 1% annualized service fee.  The fee will be calculated and withdrawn monthly, based on the previous month-end Fund value.
  3. This fund will be adjusted monthly, corresponding to what the Foundation's investment portfolio achieves.  This includes both income and capital appreciation. 
  4. As a general rule, a significant existing financial asset is defined at $50,000 or greater.
  5. To allow for easy participation, no restrictions are placed on minimum size of individual gifts or number of gifts accepted. (Note in Policy one that gifts less than $500 will incur a $5 administration fee.)
  6. Grant requests may be submitted and processed four times a year-January 1, April 1, July 1, and October 1-to the DUEF for consideration.
  7. Each CEA must have an alumni chapter in good standing designated with oversight responsibilities.
  8. A written plan must be submitted at the time a CEA is established that outlines the educational objectives/purposes.  This plan should include the anticipated short and long-range needs of the Fund.