Fraternity's Philanthropy Creates New Community Endowment

November 12, 2010

November 12, 2010, Greencastle, Ind. — A gift by a DePauw University fraternity has created a new fund which will aid the Putnam County Community Foundation: the Lambda Chapter of Phi Gamma Delta Philanthropy Endowment."The endowment was a top goal of the chapter for the past year, and they contributed $12,000 to make it a reality this fall," reports today's Banner-Graphic. (l-r: senior Avery Archer presents a check to Putnam County Community Foundation executive director Elaine Peck and director of community development Eric Wolfe '04).

"This endowment was important for our chapter so we could have an amount of money that would last forever and provide us a tool to have an impact on the Putnam County community every year no matter what happens," says chapter president Avery Archer, a DePauw senior. "It also gives us a chance each year to discuss philanthropy and charities we want to support as a chapter."

"This endowment is a tool for the fraternity to teach philanthropy to its members and give support to local charities that members believe are worthy causes," states Elaine Peck, executive director of the Community Foundation. "Fiji should be congratulated as a leader in philanthropy on campus and in the fraternal world."

The Lambda Chapter was founded in 1856 and has "a long history of philanthropy," notes the article. The Community Foundation was established in 1985 and administers more than 200 funds and endowments for donors, supporting a variety of charitable purposes.

You'll find the full story at the newspaper's website.

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