Chapter Educational Accounts provide funds for a chapter’s educational needs.
What is a CEA?
In the 1990s, the DUEF began providing grants directly to chapters through the Chapter Educational Accounts (CEA), which offers a tax-deductible vehicle for individual chapter fundraising. CEAs were created for potential donors who wanted to make a significant gift to the educational programs of a specific chapter but may have been reluctant to do so because the gift was not deductible for federal income tax purposes.
Gifts to these funds could take the form of cash, securities, real property, etc. and likely qualify for some employer matching gift programs. In addition, individuals may also realize significant tax advantages by including a provision for a CEA in a bequest or other estate plans.
For any questions about a CEA, contact Executive Director Justin Kirk.
To check to see if your chapter has an existing CEA, click here.
The Chapter Educational Account consists of three separate funds.
The Chapter House/Educational Fund is designed to meet educational needs over a defined period and does not seek to build principal, but to offer liquidity.
The Endowment Fund is established to permanently meet educational needs of a chapter. It produces interest that is used to fund educational needs.
The Custodial Fund is established to see management of significant existing financial assets and produces interest used to fund educational needs.
All gifts to the Chapter Educational Account program will continue to be restricted in their use to one particular chapter of the Fraternity. Assets held in a CEA will continue to be managed and invested along with the other assets managed by the Foundation.
To request money from a CEA, alumni chapters must apply for a grant application and use the money only for its intended educational purposes: scholarship purposes and/or any expenses incurred from attending educational programming held by the Delta Upsilon International Fraternity.