E-CHI

"Educational - Chapter Housing Initiative"

A tax-favored “bricks and mortar” program approved by the IRS to benefit fraternity housing. A convenient way to collect Tax-Deductible contributions to offset building and maintenance expenses associated with a college fraternity house. All costs associated with the "educational component"of the building can qualify for grants.
Who Needs E-Chi ?
Georgia Tech Chapter House
All Chapters and Colonies!
E-Chi Accounts are beneficial to Chapters in various stages of building

Chapters and colonies looking to initially build a chapter house can utilize an E-Chi Account to accumulate tax-free donations to be applied towards the future construction project. This also applies to all types of renovation projects.

  • Chapters with a house that have no plans to remodel or renovate can utilize an E-Chi Account to set aside funds for the future needs.
  • Chapters can utilize this program to reduce their mortgage balance faster with tax-deductible donations.
  • Chapters and colonies who need an educational library, computer room or to remodel bedroom space for studying will find this account most beneficial.
  • Chapters needing to upgrade or install fire safety systems and /or internet wiring can utilize an E-Chi account.
  • Housing Corporations can become their own "Mortgage Bank" with sufficient fund.

 

Typical Costs Reimbursed via E-Chi Housing Account Grants
Marquette Chapter House
Study rooms, libraries, computer rooms, drafting and educational work rooms, leadership training rooms, and educational storage rooms in the fraternity house, as well as a percentage of the design and construction costs for those areas.
 
Housing Account Agreement and Support Documents:
If you are interested in exploring the establishment of an E-Chi Housing Account for your Chapter, we have some resources on how to proceed including a sample contract outlining all associated fees and costs.
  pdf icon E-Chi Housing Account Agreement
  pdf icon Educational Area Grant Process
  pdf icon E-Chi Sample Monthly Gift Report
  pdf icon E-Chi Sample Monthly Pledge Report
 
(All require Adobe Acrobat Reader)
 
adobe get reader image