History of PSK Properties 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 corporation would be an 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, improve, and manage chapter houses. The groundwork for the organization was laid and in November of 2002, Phi Sigma Kappa Properties was officially incorporated.
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Brothers Berman and Schmitz became the first directors of the organization and Brother Roby was appointed its first President. Phi Sigma Kappa Properties collaborates with both the Grand Chapter and the Phi Sigma Kappa Foundation. 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.
THE SIGNET
