A Commitment
to our Memories

Is Texas Beta an experience of only a few years? 
Can the fraternity shape a young man for success? 
Can we live "beyond ourselves" in an eternal commitment to high standards and fraternal bonds?

The answer to these questions forms the energy behind our "100 Brothers/100 Bricks" chapter house construction campaign. Spearheaded by Cliff Watt (TX Beta 64’) and Dan Ruff (TX Beta 64’) the campaign is designed to leave a legacy for Texas Beta.

This effort was successful in completing the first phase of our campaign...the construction of the new chapter house. We took possession in August of 2003 and the facility is one of the best on the Greek Circle.

While we have the new house it is critical that continued alumni support be provided. We are asking that each brother consider what they can do to help with (1) retiring the remaining $94,000 debt on the house and (2) provide for on-going financial operations for the house.

We believe that 100 brothers can do the job by pledging $2,500 each. We hope that more will respond to this call and that additional funds can be raised for expansion of the house plans. We hope that all alumni brothers will give whatever they can in this effort to honor their time at Tech and the chapter.

We will be asking that contributing brothers consider the following options:

1. 100% of their money be given to the "Texas Beta House Corporation". These funds allow the House Corporation to target the specific, non-educational, operations of the house as well as pay down on the remaining mortgage. . In this instance there is no tax benefit for the contribution but the chapter is not burdened with a loan repayment.

2. If a tax benefit is necessary then we ask that 40% of the contribution to given to the House Corporation (no tax benefit), and 60% given to the "Bill Collins Dedicated Account" within the National Endowment Fund (which also carries tax deductions and the chapter can borrow from but must repay).

Checks should be forwarded to Cliff Watt at 

4415-71^st Street, Suite 12 , Lubbock, Texas 79424

If you know the names/addresses of former GPs please either contact Brian Carr (office-806 795-3911) or fax (806 795-2315) or email (bha@wiredbrush.com).

Let’s all pull together and form an unbreakable chain of 
100 Brothers/100 Bricks.

Bill Collins Scholarship Fund: A dedicated Endowment Fund Account

All contributions to the Texas Beta Capital Campaign will be deposited into a sub-account of the Endowment Fund named after Bill E. Collins Texas Beta 53' and prominent brother (deceased 1999).. From this account, the Campaign Steering Committee will borrow funds to complete the planned Chapter House construction. The Endowment Fund will make the loan at prevailing market rates, under conventional lending terms. Additional construction funds will be made available by direct grants from the Capital Campaign Account for purely educational portions of the renovation project. Additionally, a copy of the Letter Agreement with the Endowment Fund, which specifies the exact means by which the Capital Campaign Account will be utilized to fund the construction project, will soon be available by contacting Brian D. Carr at bha@wiredbrush.com  (806-795-3911).

Most importantly, each and every donation to the Capital Campaign Account will remain dedicated to the sole and exclusive use of the Texas Beta Chapter in perpetuity. The entirety of the Capital Campaign Account will forever provide scholarship money for undergraduate members of the Chapter - including during the period the Campaign Steering Committee repays the loan - and can be utilized at a future date for additional renovations of the Chapter House. Your one-time donation can make a difference in the growth and perpetuity of Texas Beta! 

There are multiple mechanisms available for alumni to contribute to the Texas Beta Capital Campaign. Brief discussions of various programs appear below. Additional questions may be directed to a member of the Campaign Steering Committee, or through your personal accountant, attorney or financial advisor.

Funding Mechanisms

Direct Fund Deposits: Cash donations, checks, and credit card charges can be forwarded directly to Campaign Coordinator Brian Carr at 5429-78th Street, Lubbock, Texas 79423, for accounting purposes. In turn, Brian will forward these donations to the Endowment Fund. Checks and credit card charges should be made payable to The Endowment Fund of Phi Kappa Psi - Bill Collins Scholarship Fund. Credit card donations may be made on-line through the Endowment Fund's website at www.phikappapsi.com . The Endowment Fund will provide a receipt for federal income tax purposes acknowledging each contribution. 

Pledged Gifts: Alumni may make pledged gifts on a monthly, quarterly or yearly basis - for up to five years. These contributions may be made automatically by credit card
through the Endowment Fund's website, www.phikappapsi.com . Alumni may also make pledged gifts by forwarding a pledge plan (click here for copy) to Brian at the same address above. The Campaign Committee will forward a letter reminding each participant of the impending due date for each pledged contribution. The Endowment Fund will provide each alumnus with a tax receipt soon after the end of each calendar year, which will summarize your gift(s) for the tax year. 

Stock Donations: Alumni who wish to directly transfer a securities interest to the Endowment Fund can do so by directing an electronic transfer into the Endowment Fund's equity account. You will receive a donation credit for the security based on the closing price on the date the security is received by the Endowment Fund. This option is especially beneficial for alumni who have highly appreciated securities and desire to bypass the resultant capital gains tax from selling the security. 

Real Estate: As with securities contributions, alumni may donate real estate to the Texas Beta Capital Campaign, and receive a credit for the full fair market value of the real estate. Additionally, such contributions are not subject to capital gains tax for gain realized. Real estate which is subject to a mortgage receives a credit for the full fair market value of the real estate, less the amount owed on the mortgage. 

Planned Giving: Alumni may also contribute to the Texas Beta Capital Campaign through planned giving - trusts, annuities, life insurance, retirement plans, or bequests.
Each of these options presents special estate planning issues, which should be addressed with an alumnus' personal financial advisor or legal counsel. The Campaign Committee
can assist in making such arrangements, as well. The tax benefits of such contributions inure to the alumnus' estate by reducing the value of the estate and potential estate tax
liability. 


1The Texas Beta Bill Collins' Scholarship Fund is a now-existent sub-account of the Endowment Fund, which is used for scholarships awarded on an annual basis to deserving undergraduates of Texas Beta. Currently, the principal balance of the Scholarship Fund is approximately $39,000, which permits awarding of $1800.00 in scholarships for the 2000-2001 academic year. The balance of the Scholarship Fund will not be utilized to fund any portion of the Campaign only borrowed against and then repaid at market rates.

We Need Your Help!

     While we have the building going up we need to outfit the interior and provide the "extras". We are hoping that each brother will look at their situation and lend a hand where they can. Look over the list and complete the form at the bottom of the page. There are three ways you can help:

Method #1: Provide Business Contacts

     With a "laundry list" of needed items we are asking that alumni brothers who might be involved in the sale of such items let us know so we might save some money by the purchase of items at a reduced, wholesale cost. For example, if a brother works for a kitchen equipment company and can provide ovens, refrigerator or sinks at cost then we will utilize that brother as a vendor for those items. 

Method #2: Make Targeted Donations

     If a brother has a special interest in an area or function within the new facility they can underwrite the cost or donate the items for that purpose. We will be offering brothers the opportunity to have themselves or another recognized for the targeted donation by their name being engraved and posted on or near the item/area.

Method #3: Make General Donation: Buy a Brick

     We appreciate those brothers who make unrestricted gifts to either the Texas Beta House Corporation (no tax deduction) or the Bill Collins Dedicated Endowment Fund account of the national fraternity (tax deduction). These monies give flexibility to the House Corporation in providing for the general needs of the project. 

What is Needed?

Items that are available for Sponsorship

     The following items/areas are available for sponsorship. Some items are worthy additions to the house while others are just fun. We need to protect and display the 50 years of historical items we have and a trophy or display case would be a suitable gift. On the other hand why not memorialize that favorite brother who stands out in your mind with his own urinal or women's toilet? 

Display Cases: Trophy Cases; Glass Display Cases; Bookcases

Kitchen Area/Equipment

Chapter Room: Furniture; Tables; Paintings

Computer Lab: Computer Equipment; Desks; Lighting

Office: Desks; Filing Cabinets; Lighting, Copier

Women's Bathroom

Men's Bathroom: Urinals, Toilets, STD Prevention