Page 14 - To Dragma September 1924

220 TO DRAGMA OF ALPHA OMICRON PI

THE ANNIVERSARY ENDOWMENT FUND

The Endowment Fund of Alpha Omicron Pi has been highly
praised by many Greeks, men and women, as an unusually prac-
ticable and successful institution of its kind. What it is, when
and where it had its being, and what are its aims and purposes,
are matters of interest to every member of the fraternity.

A l l fraternities have problems, and Alpha Omicron Pi has
been no exception. One problem is the financing of chapter
houses, another is the occasional need of active members f o r
assistance to meet their college expenses, and a third is the prob-
lem of maintaining a live and active interest on the part of mem-
bers after they have scattered and have lost the fraternal com-
radeship of college days. Alpha Omicron Pi has solved these
problems with one institution, the Anniversary Endowment Fund,
so called because it was created at the Syracuse Convention in
1921 to commemorate the twenty-fifth anniversary of the found-
ing of Alpha Omicron Pi.

The corpus or principal of this Fund is made up of life sub-
scriptions to T o D R A G M A , which are paid to the Trustees of the
Endowment Fund. The Trustees, three in number, make loans,
upon application and after investigation, to chapters to finance
the purchase of chapter houses and to assist active members to
remain in college. Such loans are made at interest, and the in-
terest is paid over by the Trustees to the Business Manager of
To D R A G M A and is used by her to finance the publication of the
fraternity magazine. A l l initiates since the Fund was organized
have been required to become life subscribers by an arrangement
permitting payment to be extended over the first two years of
their membership in the fraternity.

Alpha Omicron Pi is thus assured, i n time, i f not at present,
an interested and active alumnae who keep in close touch with
the fraternity through T o D R A G M A . A t the same time funds are
made available f o r financial assistance to chapters and active
members. I n the three years which have passed since the Fund
was created, loans f o r the purpose of building of chapter houses
have been made to Rho. Chi, Phi and Omicron Pi chapters in
a total amount aggregating $14,800. Six undergraduates from
four chapters have been enabled to continue i n college through
timely assistance f r o m the Endowment Fund. Interest has been