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Cornell finds new home, sweet, home On Nov. 1, 1991, Psi Chapter at Cornell University began a new era with the acquisition of their new house on 55 Ridgewood Road. The house sits in the heart of the north campus fraternity district. The 39-man house overlooks seven acres of land which was purchased from Phi Kappa Sigma Fraternity. The Phi Sigs lost their charter due to low membership and risk management issues. The house is now owned by Pi Kappa Phi Properties. The house has three floors, a full basement public room, and an operational kitchen. Major remodeling is scheduled for the summer of 1992 as Psi Brother Peter Trozze will lead the architectural efforts. Foundation Executive VP Ted Scharfenstein is currently plan-
Psi house on 55 Ridgewood Road in Ithaca, N.Y. ning the drive for a major brick and mortar fundraising campaign. The Psi Alumni Corporation is led by
President Bill Newell and Treasurer John Kirk. Psi Chapter currently has 52 members.
Fraternity to establish for-profit corporation The National Council authorized Chief Executive Officer Durward Owen to establish a forprofit corporation for Pi Kappa Phi at itsquarterlymeetingNov.17inCharlotte, NC. The name of the subsidiary will be called The Owen Corporation which will provide services to improve and enhance fraternity programming on the university level. The final papers have yet to be approved by the Council. The National Council also endorsed a scholarship program. The 11 -point scholarship program includes hiring staffers to educate members on academics, producing a resource videotape, studying campus
grade point averages and recognizing chapters with scholastic excellence. In other Council news, all eligible chapters will receive a rebate per student from the PKP Insurance Escrow. The chapters will be given the opportunity to deposit the rebate with the Foundation for a chapter scholarship program. The Council approved a "short form " application for Infrastructure Loans that will be used on all requests for less than $7,500. In disciplinary matters, National President Stephen DePalma will appoint two Council members to conductinterviewsatAlphaMu-Penn
State for a risk management violation. Epsilon Beta-Grand Valley State and Epsilon Omicron-Villanova will be reorganized for risk management violations. Alpha Xi-Polytechnic was suspended indefinitely, and its charter was placed in escrow with the Alpha Xi Housing Corp. T.J. Sullivan was appointed chairman of the Education Committee. Durward Owen was instructed to use the title Chief Executive Officer instead ofExecutive Director. Finally, the Council approved Pi Kappa Phi Properties borrowing $50,000 from the Infrastructure Loan, in part, to purchase new housing at Cornell, Michigan and Texas-Austin. Fa/1199 1
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