Every collegiate member who becomes part of the group during the colony phase will be considered a Founding Father. During the colony phase, each Founding Father will be required to make a financial investment to Phi Kappa Theta Fraternity in the amount of $520. This investment is made once and may be paid in either a single payment or through installments directly to Phi Kappa Theta Fraternity. If a Founding Father choosing to meet this investment through installments, he must be at a zero balance prior to the colony submitting their Petition to Charter. The amount of $520 is comprised of the following:
While there are no colony-based financial obligations to Phi Kappa Theta Fraternity, the colony will establish and maintain an operating budget that supports the local operations, activities and events of the colony.
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