Our Commitment to Transparency
Gamma Phi Beta is committed to a culture of trust. We want you to be well informed when it comes to Gamma Phi Beta’s finances.
In times of financial uncertainty, we aspire to be thoughtful stewards of financial resources. Despite significant budget cuts initially made, our fiscal year 2021 budget was approved with a deficit. In these past months, we’ve implemented a hiring freeze – leaving nine International Headquarters staff positions vacant, eliminated three positions and implemented staff furloughs and pay cuts.
We continue to look for cost savings opportunities; as those opportunities become available, we hope to pass those savings to our members.
On this page you will find our 990s, financial reports and answers to your questions.
To view the Gamma Phi Beta Foundation's 990, click here.
Members Dues and Fees
A breakdown of required member dues and fees can be found in Gamma Phi Beta's Articles of Incorporation and Bylaws (on page 13).
A vote of the Convention body is required to amend the Bylaws. To propose an amendment, please email Chief Legal Officer Kat Cobb.
To view how dues were spent in the previous fiscal year, please see the audited financials in the Convention 2020 report (under Financial Reporting and Resources).
Facilities Management Company
Why am I still being charged a common area fee if I can’t access my chapter facility?
Each chapter facility has ongoing operational costs with many of the costs being fixed costs. These include but are not limited to mortgage or lease payments, maintenance contracts, ongoing maintenance and repairs needed for general upkeep, insurance premiums, property taxes and depreciation. Each facility’s budget is evaluated annually and fees are set so that all members of a chapter share in the cost to operate the facility. In order to maintain the facility and have competitive fees, the cost to operate the facility is shared among the chapter membership, not just the members who live in the facility. While it may be disappointing for those who do not reside in the facility to not have access at this time, paying the common area fee now ensures the facility’s operation for future semesters and years.
Fraternity and Sorority PAC (FSPAC)
The Fraternity and Sorority PAC (FSPAC) is an organization that works to defend and enhance the Greek life student experience.
There have been several inquiries as to what kind of involvement Gamma Phi Beta has with the FSPAC, and we want to be clear on our involvement.
While the FSPAC does give money to political candidates, only personal money contributed by individuals can be used to give direct support to political candidates. By law, corporate contributions go to an account separate from individual donors. The account where corporate money is held is legally prohibited from giving directly to support the election of a candidate. This means no national/local organization support goes to directly support election of a specific candidate.
The traditional PAC account has received contributions from:
- Individual Gamma Phi Beta members.
- Some affiliated house corporations (AHC), who are separate legal entities from the Sorority. These AHCs have given to the FSPAC to support efforts to pass CHIA (legislation designed to make donations to sorority housing be tax deductible). For example, if this legislation passed, donations used to pay for sprinkler systems or upgrading the kitchen, etc., would be tax deductible.
Gamma Phi Beta has contributed to the Fraternity and Sorority Action Fund (FSAF). This is separate from FSPAC, but the PAC’s board is the sole shareholder. The FSAF is a 501(c)(4) social welfare organization the PAC founded to do things the PAC is not allowed to raise and spend money on. Again, the FSAF does not contribute to candidate campaigns. Gamma Phi Beta donated to the action fund in order to support the lawsuit against Harvard regarding the ability of college students to join and belong to single-sex organizations.
All funds are subject to Federal Election Commission (FEC) filing. The FEC filing is available here. As a point of reference, funds donated to the traditional PAC are part of the “contribution” account. All other funds are represented as the part of the “non-contribution” account.