{"id":338,"date":"2026-03-05T15:38:29","date_gmt":"2026-03-05T20:38:29","guid":{"rendered":"https:\/\/aig.uvaalumni.org\/sigmapi\/?page_id=338"},"modified":"2026-03-17T14:54:15","modified_gmt":"2026-03-17T18:54:15","slug":"capital-campaign","status":"publish","type":"page","link":"https:\/\/aig.uvaalumni.org\/sigmapi\/capital-campaign\/","title":{"rendered":"Capital Campaign"},"content":{"rendered":"

Our house at 1533 Virginia Avenue suffered a serious fire in December 2024. The house is currently under renovation and remediation, with completion expected in late summer 2026. When it reopens, it will be safe, modernized, and ready to serve the chapter again. Insurance is going to cover the cost of repairing the fire damage. However, the fire has forced the Board to confront a broader issue that existed long before December 2024.<\/strong><\/p>\n

For too long, the financial burden of owning and maintaining the house has fallen, directly or indirectly, on undergraduate members. That model no longer works. It distracts young men from what they should be doing: Recruiting strong members. Building lasting friendships. Living the values that have always defined Beta Pi.<\/p>\n

The Board believes the solution is straightforward. The house is owned by alumni. The responsibility for funding, maintaining, and protecting it should sit with alumni as well.<\/b><\/p>\n

With that in mind, the Beta Pi Board is launching a focused fundraising campaign with a goal of raising $1,000,000 by the end of the year.<\/p>\n

Financial Overview<\/span><\/h2>\n

Capital Campaign funds will be used for three purposes.<\/p>\n

    \n
  1. Retire the remaining mortgage on the house \u2013 approximately $180,000.<\/li>\n
  2. Complete post-fire improvements, safety upgrades, and necessary capital work so the house reopens in strong condition. We will initially utilize the insurance funds for this, but there is more work to be done.<\/li>\n
  3. Establish an endowment to cover ongoing maintenance, utilities, and insurance, removing this burden from undergraduate members and creating long-term stability.<\/li>\n<\/ol>\n

    Excess funds will be professionally invested through the UVA Fund under Board oversight and with a disciplined annual draw. This is about stewardship and long-term sustainability.<\/p>\n

    This campaign is intentionally ambitious. We believe it is achievable if a group of alumni step forward with leadership commitments and a broad base of brothers participates at a level meaningful to them. If 200 alumni participate at an average of roughly $5,000, we reach the goal. Some will give more. Some less. All participation matters<\/a>.<\/strong> Multi-year pledges are welcome and encouraged.<\/p>\n

    This campaign is being run through Beta Pi of Sigma Pi Alumni, Incorporated, a 501(c)(7). While the organization is a nonprofit, contributions are not tax deductible. All funds raised will be restricted by Board policy for the purposes outlined above.<\/p>\n

    This is not about saving Beta Pi. It is about strengthening it.<\/strong> A paid-off house and a sustainable endowment will make the chapter more resilient, more attractive to recruits, and better positioned for future generations. Help us achieve that goal by giving to Sigma Pi<\/a>.<\/p>\n

    Give Today<\/a><\/p>\n

    If you have any questions, concerns, ideas, or want to discuss multiyear gifts or long-term 501c(3) plans, please feel free to contact the Chair of the fundraising committee, John Ayers:<\/p>\n

    John Ayers, 1997
    \nChair, Fundraising Committee
    \n    jaayers@gmail.com<\/a>
    \n415-309-0913<\/p>\n

    Donations and Pledges<\/span><\/h2>\n

    Thank you to all who have contributed to Beta Pi. Capital Campaign donors will be recognized on this page.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

    Our house at 1533 Virginia Avenue suffered a serious fire in December 2024. The house is currently under renovation and remediation, with completion expected in late summer 2026. When it reopens, it will be safe, modernized, and ready to serve the chapter again. Insurance is going to cover the cost of repairing the fire damage. […]<\/p>\n","protected":false},"author":107,"featured_media":0,"parent":0,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-338","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nCapital Campaign - Sigma Pi Alumni | Beta Pi Chapter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aig.uvaalumni.org\/sigmapi\/capital-campaign\/\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/aig.uvaalumni.org\\\/sigmapi\\\/capital-campaign\\\/\",\"url\":\"https:\\\/\\\/aig.uvaalumni.org\\\/sigmapi\\\/capital-campaign\\\/\",\"name\":\"Capital Campaign - 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