News from the Knoxville News-Sentinel regarding a Pi Phi Foundation grant.
GATLINBURG – The philanthropic arm of Pi Beta Phi Fraternity is giving $150,000 to Arrowmont School of Arts & Crafts in Gatlinburg to boost the school’s ability to make money.
The grant, the single largest by Pi Beta Phi Fraternity Foundation to the school, will be used primarily to build Arrowmont’s marketing and development capabilities, according to an announcement from Pi Beta Phi Foundation.
http://www.knoxnews.com/news/2009/mar/18/gatlinburg-school-gets-150000-grant/
Press Release from Arrowmont/Pi Phi Foundation, excerpt:
The grant was made possible through a bequest to Pi Beta Phi Foundation from Mrs. Aileen Aylsworth Welgan, a loyal member of Pi Beta Phi Fraternity and long-standing supporter of the Foundation. Her devotion to both Pi Beta Phi and Arrowmont motivated Mrs. Welgan to bequeath a gift to the Foundation restricted for Arrowmont use.
While this may appear to be a generous contribution to Arrowmont from the Pi Beta Phi Foundation, in fact it is money left in a bequest specified for Arrowmont. These monies go into the Foundation first and then are passed on to Arrowmont. Where ever it came from, thanks to the late generous donor and good luck to Arrowmont.