Pi Beta Phi Foundation

What it reported doing in 2024

Pi beta phi has had a focus on philanthropy from the very start. It was the first greek lettered organization to establish its own national philanthropic project with the founding of the pi beta phi settlement school in appalachia (now modern day gatlinburg, tn) in 1912. Today, pi phi's focus on philanthropy remains centered on advancing literacy through read>lead>achieve. Tens of thousands of children were assisted through pi phi's literacy efforts in fy24-25 through specific initiatives including champions are readers, fraternity day of service signature events, arrow in the arctic, and literacy grants. On july 1, 2013, pi beta phi unveiled the story of one, pi phi's campaign to impact one million lives through read>lead>achieve by its 150th anniversary in 2017 reaching more than 1,128,156 lives impacted. The literacy advocacy project support is provided through grants. Pi beta phi foundation also offers direct literacy programming grants in the form of local impact grants. Local impact grants are made to 501(c)(3) organizations with literacy programs via nominations from pi beta phi chapters and alumnae clubs.pi beta phi foundation also offers direct grants through the emma harper turner fund program which provides assistance to members who encounter dire financial need due to job loss, significant illness, or death of a parent or spouse. One-time financial gifts are made to members who demonstrate severe financial stress. Grants are made via a robust application and evaluation process, under the guidance of a specific committee trained to assess individual need. Both collegiate and alumnae members are eligible for assistance.

Financial Efficiency

• Mission deployment rate: 90.9%; rating input score 91
• Program expense ratio: 79.3%; rating input score 79
• Fundraising efficiency: $6.48 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 97.9%; rating input score 98; 34th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -8%; rating input score 16; 16th percentile among comparable filings
• Total-asset coverage ratio: 7.32; rating input score 88; 88th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
• Officer compensation ratio: 2.7%; rating input score 71; 71st percentile among comparable filings

Growth

• Program expense growth: 5.3% per year; rating input score 100; 41st percentile among comparable filings
• Revenue growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
• Asset growth: 10.5% per year; rating input score 100; 60th percentile among comparable filings