Phi Sigma Kappa Properties looks to the long-term success of Phi Sigma Kappa through responsible management and growth of property assets for the benefit of all brothers - past, present and future.
Origin and history
In 2001, the Fraternity's Grand Council identified a potential need for Phi Sigma Kappa to create a national housing corporation. The Grand Council appointed a committee to explore the feasibility and value of such an organization. The committee returned with the recommendation that a national housing corporation would be a valuable asset to the Fraternity.
Based on these results, brothers Bud Berman (Swarthmore '62), Jim Schmitz (UC/Santa Barbara '80) and Glenn Roby (Northern Illinois '91) worked together to form an organization that could acquire, maintain, improve and manage chapter houses. The groundwork for the organization was laid and in November of 2002, Phi Sigma Kappa Properties was officially incorporated. Bud, Jim and Glenn became the first directors of the organization and Glenn Roby was appointed as the organization's first President. Another brother who was integral to the organization's formation was Matt Van Wie (Marian College '01). While serving as Director of Finance and Administration for the Grand Chapter, Matt assisted the founders with the creation of PSKP and helped manage the organization's day to day operations in its early years.
Relationship with the Fraternity
Phi Sigma Kappa Properties collaborates with both the Grand Chapter of Phi Sigma Kappa and the Phi Sigma Kappa Foundation and will work closely with these organizations whenever it is in the best interest of the Fraternity to do so. However, Phi Sigma Kappa Properties, Inc., is a separate entity from the Grand Chapter and Foundation. Each organization is a distinct, separate corporation with independent boards of directors, investment accounts, and independently audited financial statements.
PSK Properties is financially self-sustaining and does not receive any revenue by way of membership dues paid to the Grand Chapter or donations made to the Foundation. Properties is incorporated and operated under a non-profit/non-stock structure and is run by a fully volunteer Board of Directors.
If you would like to find out more about PSK Properties, please contact us.