The Upsilon Omega Foundation, Inc. believes that a long-term fundraising plan should be adopted to promote the establishment of a permanent scholarship endowment fund. Such a plan should include as a primary goal the establishment of a fund at a level where interest earned on the principal will support at a minimum at least four individuals on four-year scholarships not to exceed $1,000 each year for no more than four years. It is the Foundation's belief that approximately $200 thousand would be required as a permanent endowment fund to sustain such a scholarship program.

The Foundation therefore submits the attached plan and recommends acceptance by the Upsilon Omega Chapter of Omega Psi Phi Fraternity, Inc.

Sufficient funds are raised to establish a permanent Upsilon Omega Foundation, Inc. Scholarship Endowment Fund of $200 thousand.

The Upsilon Omega Foundation, Inc. establishes a Scholarship Endowment Fund Pledge Program for Omega men.

1. The Scholarship Endowment Fund Pledge Program is initiated.
2. At least 200 Omega men make average Scholarship Endowment Fund pledges of $1,000 each over a five-year period.
3. All known Omega men receive a solicitation letter and pledge card.

The Upsilon Omega Foundation, Inc. will sponsor the Rhapsody in Black concert on an annual basis with a target to raise $8,000 annually.

Upsilon Omega Foundation, Inc., in conjunction with Upsilon Omega Chapter of Omega Psi Phi Fraternity, Inc., will sponsor and underwrite the cost of the annual concert.

A Rhapsody in Black concert that nets $8,000 profit is held each year.

The Upsilon Omega Foundation, Inc. will sponsor a golf tournament as a fundraising event to support the Scholarship Endowment Fund.

An annual golf tournament will be sponsored each year with a target of $10 thousand raised for the Scholarship Endowment Fund.

The Upsilon Omega Annual Golf Tournament held in August of each year.

Beginning July 1, 1999, Upsilon Omega Foundation, Inc. initiated a drive to have at least 50 Omega men designate the Upsilon Omega Foundation, Inc. Scholarship Endowment Fund as either the beneficiary or owner of an insurance policy.

1. A presentation on using insurance as a means to endow the Scholarship Fund will be made at several fraternity meetings.
2. Letters of solicitation explaining the benefits of using insurance to endow will be mailed to Omega men.

1. A presentation on using insurance benefits to endow the Scholarship Endowment Fund is made at fraternity meetings.

If you would like to make a donation or contribution to endow the Scholarship Endowment Fund please do so by clicking on the link below:

Please click here to make a tax deductible contribution or donation to the Upsilon Omega Foundation's Scholarship Fund. You will be thereafter be instructed as to how to make your payment by mail or online by charging it to your credit card.

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