Phi Kappa Theta - Iowa State University

Fall 2019 Newsletter

Iowa Xi Chapter of Phi Kappa Theta at Iowa State University

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T his past spring, the alumni board voted to extend our capital improvements mortgage with Northwest Bank by $100, 000 to finance fraternity house bathroom upkeep and planned parking lot renovations. In addition to mortgage payments, major uses of alumni board funds include property taxes, insurance, repairs, and maintenance. These expenses account for roughly 80% of our annual budget. I view the alumni board budget as supporting the sustainability of our property. The pie charts displayed on this page demonstrates how the alumni board sources and uses cash, as of September year-to-date. The undergraduate treasurer, currently Sean Gallagher '21, is responsible for ensuring collection of house dues and establishing the undergraduate semester budget. Undergraduate uses of funds include meal expenses, social events, and various brotherhood activities throughout this semester. This provides our undergraduate treasurer with valuable experience managing finances and the ability for the undergraduates to determine the uses of funds. For any questions regarding our fraternity finances, please contact me at Fraternally, Cory Millmier '12 Alumni Board Treasurer CLONE PAGE 2 Alumni Board Financial Update | Capital Improvement Mortgage Extended Make checks payable to: Ames Phi Kappa Building Corporation (no tax deduction) or Phi Kappa Theta Foundation (tax deductible) We will make sure it gets deposited to Iowa Xi's account. Mail your check to: Ames Phi Kappa Building Company P.O. Box 393 Ames, IA 50010 Donate Online To donate online directly to the Iowa Xi fund at PKT Foundation, visit To make a general contribution to Phi Kappa Theta Foundation, visit Remember Iowa Xi during the Season of Gift Giving A s we approach Advent, please consider making a contribution or tax-deductible gift to Iowa Xi and the national fraternity. Giving Tuesday is a nationally recognized day to give to charities. It is the Tuesday after Thanksgiving and follows Black Friday and Cyber Monday. This year it is December 3. HOW TO GIVE TO IOWA XI

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