Endowment Information

Endowment funds for Omicron Delta Kappa are held by the OΔK Foundation. As of December 31, 2016, there were 17 funds managed and held by the Foundation with a total value of $1,135,804.63. Included among the 17 funds are 12 for scholarships, one for circle grants, one for national awards, and three for programs and operations. The minimum amount necessary to establish an endowment fund is $25,000. A fund can be established initially with $5,000 and the remaining $20,000 added during the next four years.

Investment Policy

The Foundation’s investment policy calls for an asset mix of 55% in equity securities (publicly traded common stocks) and 45% in fixed-income securities (bonds).

Investment Manager

The Foundation’s endowment funds are managed by the Foundation Investment Committee.

Endowment Spending

The Investment Spending Policy for endowments managed by the Omicron Delta Kappa Foundation, Inc. allows for a distribution of up to five percent on a four-year rolling average, calculated annually at December 31. These amounts are included in the budget for the following fiscal year. The revenue from these investments provide funds for general scholarships and relieves the annual/operating fund from responsibility for scholarships. In addition, budgeting for the named funds and their programs is based on this same spending policy and calculations.

About the Foundation

The Omicron Delta Kappa Society is governed by a Board of Directors, and it is supported by its Foundation, which is a separate 501(c)3 organization. The OΔK Foundation is governed by a 15-person Board of Trustees. The Foundation is charged with developing a philanthropic community that supports the leadership programs and capabilities of OΔK and its members. The Foundation’s Bylaws are located on the About tab under Governance.

Past Foundation Presidents

Sally Albrecht (2018 – present)
Russ Chambliss (2014-2018)
Gene Vance (2010-2014)
Bill Johnston (2006-2010)
Calder Sinclair (2002-2006)
Sally Jones Hill (1996-2002)
Ron Roskens (1988-1996)
Dan Beeman (1984-1988)

The most recent audit of the Omicron Delta Kappa Foundation, Inc. and the IRS Form 990 tax return can be found at guidestar.org.

Unrestricted Gifts
When you give an unrestricted gift to OΔK, we spend your money on the Society’s most pressing needs. The trustees of the Omicron Delta Kappa Foundation determine their use, typically for general scholarships, leadership programs, and circle support. Unrestricted gifts can go a long way toward providing more freedom for us to focus on introducing new initiatives and programs that will help propel OΔK forward. Unless donors indicate that a gift is restricted, all gifts to OΔK are considered unrestricted.

Restricted Gifts
Restricted gifts indicate how you would like to see your dollars used. You may wish to underwrite a scholarship, a leadership development program or to fund a guest speaker. These are all examples of restricted gifts. The donor has clear intentions for how his or her money should be spent and OΔK honors those wishes.