Thursday, September 12, 2013

Financial Clarity

 

 

Per previous conversations, the Office of Fraternity and Sorority Affairs (OFSA) wanted to make sure that you are in the loop as to a decision that was made as part of the 2013-14 System-Wide Assessment Committee (SWAC) recommendations for the upcoming year. As frequently discussed in recent Greek Alumni Council (GAC) meetings and Accreditation presentations and reports, chapter financial clarity has become an integral part of chapter operations. SWAC believes that all stakeholders in the chapter recruitment process need to be provided timely and accurate information as it pertains to joining a Greek organization.

Per SWAC: "Understanding the cost of chapter membership, as well as the transparency of that cost and the variance of costs between chapters allows potential new members to be more informed consumers during the recruitment process. Additionally, chapters will have a more informed reference of costs of other chapters, assisting all organizations in making decisions on keeping costs manageable. Lehigh University will be better equipped to discuss financial obligations with parents and new members. Additionally, OFSA will be able to conduct a more informed conversation with chapters about the high cost of chapter affiliation, and the effect this has on chapter members and new members."

Therefore, OFSA is requesting that this financial information be submitted via e-mail no later than Friday, October 4th, 2013. This information will be broken down and published on the OFSA website, as well as used in discussions during general recruitment convocations and parents webinars. The format for this breakdown is as follows:

a)      Chapter dues

b)      New member dues (due at induction into new member program)

c)      New member dues (due at initiation)

d)     Parlor/house fees

e)      Meal fees  

f)       Social/Brotherhood/Sisterhood event fees.

This information can be submitted directly to Rosa Guzman at rmg308@lehigh.edu. If you have questions, feel free to contact myself or your Assistant Director. Thank you in advance for your cooperation.

Best,

Tim Wilkinson