FarmHouse Foundation Vision

"The vision of the FarmHouse Foundation is to provide for the continuing development and growth of FarmHouse International Fraternity through fund raising activity, stewardship of Foundation resources and honoring the bequests of alumni and friends of the Fraternity who support the lasting, positive impact and influence of the FarmHouse experience in building men."

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Foundation Objectives

To provide funding for the Fraternity to build leaders who are effectively trained with market-valued skills by –

•  Building ethical and responsible leaders.
•  Building leaders who are good stewards of their own and others' resources.

To provide funding to foster the growth of FarmHouse Fraternity through the provision of competitive living/learning housing.

To foster the development of actively engaged alumni who provide current and future leadership and support for the Foundation and Fraternity

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General Overview

Who We are and What We Do

FarmHouse is a duly organized public foundation which is exempt from federal income taxes and which may accept tax deductible gifts under Section 501(C)3 of the Internal Revenue Code. The Foundation, through its Board of Trustees and staff, organizes and administers various funding solicitations of FarmHouse members and friends of the Fraternity, and manages and administers the property and finances of the Foundation for the benefit of the student members of the Fraternity.

What Does the Foundation Do?

RAISES MONEY	In the 2010-11 fiscal year, The FarmHouse Foundation raised $1,381,268, which included: $914,523 for Unrestricted Funds (including the Annual Fund, Foundation Councils and Building Funds), $266,571 for Permanently Restricted Funds and $196,064 for Temporarily Restricted Funds.
INVESTS MONEY	With the advice and assistance of the Wells Fargo brokerage firm, the Trustees invest the Endowment and other Foundation funds.
GRANTS MONEY	In the 2010-2011 fiscal year, the Foundation made grants totaling $347,449 in six areas:

*	Leadership, "People Skills" and Financial Management Training Last year the Foundation made grants totaling nearly $128,994 to the International Fraternity and to individual chapters for programs in these areas. Nearly 500 chapter members were affected directly, all 1,400+ members were indirectly affected.
*	Computer Labs and Affiliated Technology for Chapter Houses Grants totaling $9,082 were made to six chapters and associations in the 2010-2011 fiscal year.
*	Re-contribution to Chapters $4,459 was distributed to the chapters’ foundation councils for their specific educational uses and needs through the Annual Fund=s re-contribution program.
*	Educational Portion of Chapter Housing $122,824 was administered under the Foundation's auspices for the educational portion of new or renovated chapter houses on four campuses. However, 16 chapters and associations are currently raising funds with the Foundation for construction or renovations of their chapter houses.
*	Scholarships The Foundation awarded $38,489 in scholarships to 69 FarmHouse undergraduates.
*	Fraternity Support $43,600 was paid to the International Fraternity for the Foundation=s share of the International Office rent, support staff compensation, membership database and the Foundation=s portion of Pearls & Rubies..

Additional Information

All gifts and donations to the FarmHouse Foundation are tax deductible if charitable contributions are itemized. Three basic types of donations can be made to the Foundation:

     •  unrestricted gifts (no specific purpose specified for the funds);
     •  restricted gifts (made in accordance with a given objective specified by the donor); OR
     •  permanently restricted gifts (endowments).

All donors, regardless of the size of their gift, are recognized by publication of their name in the Pearls & Rubies – Foundation Annual Report.