Finance Overview

While COVID-19 disrupts our lives and communities, Phi Sigma Sigma is committed to providing connection and support for our sisters around the world.

We recognize that COVID-19 has financially impacted many of our members. We are grateful for those who supported the Sapphire Circle Emergency Assistance Grant, which to date, has provided over $36,000 in immediate financial support to our sisters.

As we are perpetually in search of providing the premier membership experiences for today's sisters, we need your assistance in mobilizing progress by investing in our future.

STEPS SUPREME COUNCIL & HEADQUARTERS HAS TAKEN TO REDUCE EXPENSES AND COSTS TO MEMBERS

  • In Spring 2020, the Phi Sigma Sigma Fraternity and National Housing Corporation refunded over $2 million in dues and room and board fees from the disrupted spring 2020 semester.

  • Phi Sigma Sigma Fraternity has eliminated all travel and in-person events through June 30, 2021.

  • Phi Sigma Sigma Fraternity and the National Housing Corporation made the difficult decision to both furlough and terminate employees to decrease overhead expenses. Phi Sigma Sigma implemented a hiring freeze.

  • Phi Sigma Sigma Fraternity is eliminating office space to further reduce overhead costs and recognize the virtual nature of our current climate.

  • This year, Phi Sigma Sigma expanded our alumnae dues program to help offset overhead costs.

Phi Sigma Sigma Fraternity is a non-profit corporation. As a non-profit, our goal remains to reallocate in the form of member services and deliverables. We are fortunate that our operations do not rely on individual donors and we remain focused on operating only with what we need to sustain the Fraternity’s core mission.


ANNUAL FRATERNITY DUES & FEES

For 2020-2021 Phi Sigma Sigma moved to an all-inclusive Fraternity dues model, consolidating additional fees previously billed to members or chapters including insurance, Convention tax, technology fees, etc. Fraternity dues and fees are due each year and are paid in the fall semester. This year’s Fraternity dues fully or partially fund the following receivables: