Staying on top of your assessments from the International Fraternity is an important part of the treasurer role, and that begins with knowing what they are and when they are assessed. To help, here’s an overview of all fees that our chapters incur on an annual basis:
September 1 – LPP Assessment:
Liability Protection Program (LPP) Assessment: This fee is assessed to each participant of the Fraternity’s LPP, which protects participants from general tort liability in regard to fraternal activities- subject to exclusions, self-retention guidelines and the terms of any insurance policies beyond the self-retention limits. The LPP assessment also funds development of written model risk awareness programs, seminars at PIKE University events, and chapter risk awareness recognition and awards.
Chapter/Colony Assessment: This assessment helps fund chapter service and resource programs including annual consultant visits, educational material for members, officers, and chapter programming, quarterly publication of the Shield & Diamond magazine, and additional assistance as requested by chapters. In addition, a portion of the Chapter Assessment helps subsidize costs for attendance and participation in PIKE University educational programs and awards.
Per-Initiate Fee: This fee is assessed once in the fall and once in the spring in even increments of $28.75. The fee was voted and approved at the 2012 International Convention by the Convention Legislation. This helps fund the continued advancement and improvement of PIKE University. It helps fund chapter service and resource programs and helps in providing a more well-rounded approach to assisting and improving the Pi Kappa Alpha Chapters.
One-time membership fee: This is charged to the chapter for each new initiate and is due five days prior to initiation. This fee pays for the administrative costs of initiation, membership certificate, membership card, and a copy of The Oak for each new member.
There is no new member fee charged by the Fraternity; however, chapters are encouraged to charge a new member fee in addition to an initiation fee.
If you have any questions, talk to your chapter consultant or email our director of finance at firstname.lastname@example.org.
Jarrett M. WayDirector of Educational Content & Strategy