Charles E. Madden '57 SD C16. Peter H. Margiloff '81 LV .... William Bryan Hunt '83 SD C20. Larry J. Jensen '68 .... Bri
2016 ANNUAL REPORT & HONOR ROLL OF DONORS Providing Tools for the Journey
PAVING THE WAY FOR BROTHERHOOD Pi Kappa Alpha understands the various stages of the journey to becoming an effective leader. The Fraternity stands to assist and empower those who want to excel. We want to always be prepared to respond to the needs of our members, whether it be financial, need for mentorship, or education assistance. We want them to have the tools they need to lead their chapter and to make a difference within the Fraternity, on campus, and in their communities. We also want them to be like you: eager to support brothers in need.
Thank you for making this journey possible. Thank you for continuing to walk alongside your brothers.
“You’ve invested in the best stock on the market – young, inspiring leaders who wish to make themselves and those around them better. Thank you for funding this journey for our men.” – Mark A. Robertson (Southern Methodist, Beta Zeta ’82) PIKE Foundation President
Special thanks to our Honor Roll of Donors! Complete listing starts on page 6
IMPACT 7,142
Fraternity at a Glance Your financial giving, along with the Foundation’s work, has a significant impact on Pi Kappa Alpha’s success. The Fraternity continues to grow at record pace. With over 220 chapters, 14,900 undergraduate members, and 218,000 living alumni spanning the globe, Pi Kappa Alpha is widely recognized as the preeminent fraternity. By strategically investing in programs such as PIKE University leadership conferences, health & safety initiatives, alumni engagement, and disbursement of individual and chapter scholarships and grants, we are the funding vehicle that has helped your Fraternity grow and remain relevant. Through your financial support, we are enhancing every aspect of the Fraternity and the young men we seek to assist.
New Members
285,523 Lifetime Initiates
PIKE University Attendance
3,318 92%
Scholarships With over $1.3 million awarded in scholarships and grants in 2016, you helped forge new paths for our brothers. In addition to lightening financial burdens, the PIKE Foundation is providing opportunities to student members to which they may not otherwise have had access. With the cost of higher education burdening many of our students, we aim to keep the PIKE experience affordable and attainable. Thus, the PIKE Foundation has worked with donors like you to establish need and merit based scholarships; provide grants to PIKE University and chapters for formal leadership training; and work closely with chapter house corporations to ensure that they are providing safe, competitive housing for members.
Students
Chapters
223
Chapters and Colonies
PIKE University PIKE University, established in 2003, is a cornerstone of accomplishment for our Fraternity. It was designed by leadership experts, administered by professional staff, and has been partially funded and supported by our very own alumni investors. By hosting nine conferences per academic year, PIKE University provides innovative teachings to new members, aspiring and existing chapter leadership, graduating seniors, and alumnus advisors. In addition to raising funds to send students to conferences annually, the Foundation maintains a growing $1M endowment fund, which is restricted to supporting the continued advancement of PIKE University offerings.
217,859 Living Alumni
90%
Alumni Advisory Boards
as of 12/31/2016
Leadership Summits Spokane, WA October 24, 2015 Philadelphia, PA November 13-15, 2015
Chapter Executives Conference Memphis, TN January 7-10, 2016 The Academy
Kansas City, MO November 13-15, 2015
Memphis, TN July 30-August 2, 2015
Chicago, IL February 5-7, 2016
International Convention
Atlanta, GA February 12-14, 2016
New Orleans, LA August 3-7, 2016
Irvine, CA February 19-21, 2016 Dallas, TX February 26-28, 2016
1
IMPACT
Campus & Community The Fraternity strives to cultivate young men with the passion to make a difference and provide them with the tools necessary to take action. With your guidance, our undergraduate members are making a greater impact on campus and in the community. They conduct themselves with high integrity and moral character. Instilled through PIKE University teachings, we continue to focus on recruiting only the best men on campus, then charge them and all chapter members to get involved and excel in everything they do.
PIKE Strongholds
$2,589,133 Donated to Charities
ΠΚΑ
It’s been said the best journeys always take you home. Pi Kappa Alpha prides itself on being a home-away-from-home for our members. For many chapters, this comes in the form of a living, learning facility on or near campus. Chapters Registered for a The PIKE Foundation is proud Work Day Event to partner with chapter alumni and house corporations to help raise funds that are invested in making chapter houses safe, competitive environments that properly represent the PIKE brand. The Fraternity proudly boasts over $125 million in real estate holdings nationwide.
123
2
368,156
Community Service Hours as of 12/31/2016
FUNDING THE JOURNEY FOUNDATION NET ASSETS
ENDOWMENT FUND BALANCE $10
2016 2015
$9
2014
$8
2013
$7
2012
$6
2011 2010
$5
2009
$4
2008 $0
$5
Permanently Restricted
$10 Temporarily Restricted
Unrestricted
In 2016 the PIKE Foundation once again realized an increase in net assets (42% increase over past 5 years). There was a slight decrease (-9%) in revenue over the prior year, due largely to the fulfillment of previously recorded pledges. Expenses were significantly higher, but included over $1.3 million in qualified grants and scholarships. Revenues & Support
2016
2015
$2,964,984
$2,243,546
-$575,709
$403,389
Rental income
$101,032
$77,362
Investments
$485,130
-$240,455
Cash contributions Pledges
Miscellaneous Total Expenses
$39,423
$47,785
$2,773,175
$3,050,014
2016
2015
MHQ maintenance
$134,640
$136,343
Management & general
$972,976
$806,226
Fundraising
$193,315
$127,7042
Shield & Diamond Scholarship & grants Total
$3
$15 Millions
$32,339
$27,984
$1,370,218
$301,288
$2,743,892
$1,399,545
TOTAL DOLLARS GRANTED
$1,370,218 AVERAGE GIFT
$1,184 $1,110 2015
2016
200 $223,860
SCHOLARSHIPS AWARDED TOTALLING
ΠΚΑ
HOUSING GRANTS TOTALLING
$1,146,358
TOTAL DONORS
2,236 2,152 2015
2008
2009
2010
2011
2012
2013
2014
2015
2016
Thanks to forward-thinking donors and prudent advisors, our Endowment Fund continues to grow, even with unstable market conditions. Since 2012, the Fund has grown by 71%. As of December 31, 2016, the Foundation maintains $9,993,872 in investments under professional management.
2016
FUNCTIONAL EXPENSES Year
Contributions
Total Exp
Prgm Exp
M&G Exp
Fund Exp
2016
$2,389,276
$2,743,892
$2,000,675
$293,321
$449,896
2015
$2,646,935
$1,339,554
$793,838
$279,894
$325,822
2014
$2,157,873
$1,345,701
$712,400
$326,875
$306,426
2013
$2,313,058
$1,769,243
$1,174,682
$358,641,
$235,920
2012
$1,292,930
$1,330,833
$659,790
$353,823
$317,220
The Foundation carefully invests its resources to raise additional, missioncritical capital for its beneficiaries. In FY16, a $.19 per dollar raised fundraising efficiency ratio was realized, vs. $.12 in FY15. The rolling 5-year average is $.16, which falls well below industry guidelines for efficiency (
