About BGCIC
Beta Gamma Chapter Investment Club, Inc. is a 501(c)(3) nonprofit corporation founded in December 2020. It is affiliated with the Beta Gamma Chapter of Alpha Phi Alpha Fraternity, Inc., seated at Virginia State University.
BGCIC pools contributions from initiated Brothers of Beta Gamma Chapter and invests them on behalf of the chapter and the broader community. There are no personal distributions, no ownership stakes, and no withdrawals. Every return is reinvested toward our 100-year mission.
E-Board
Presiding Participant
A 2020 graduate of Virginia State University and Spring 2018 initiate of the Beta Gamma Chapter. On campus Xavier served as Beta Gamma Chapter President and Chapter Director of Educational Activities. He currently works as a software engineer for a startup company and is based in the DMV area.
Assistant Presiding Participant
A 2019 graduate of Virginia State University and Spring 2018 initiate of the Beta Gamma Chapter. On campus Evans served as the Beta Gamma Chapter President. He currently works as a Chief of Staff for a non-profit real estate assocation based in Detroit, MI.
Recording Participant
A 2019 graduate of Virginia State University and Spring 2018 initiate of the Beta Gamma Chapter. On campus Jasper served as the Beta Gamma Chapter President. He currently works as a software engineer and is based in the DMV area.
Financial Participant
A 2019 graduate of Virginia State University and Spring 2018 initiate of the Beta Gamma Chapter. On campus Carey served as the Beta Gamma Chapter Treasurer. He currently works as a scrum master for a software development company based in Herndon, VA.
Committees
Article IV of the bylaws charters three committees. Each operates under the E-Board and reports at the quarterly meetings.
Builds and runs the educational programs that teach Participants the principles of sound investing. Owns the summer curriculum for undergraduate Participants, and the teaching section of the quarterly newsletter.
Sets the strategy for the club's acts of charity, including the timing and shape of the eventual VSU endowment pledge.
Raises capital for BGCIC from Alumni Participants, sponsors, and friends of the mission. Coordinates with the Financial Participant on tracking and acknowledgment.
Governance
BGCIC is incorporated and recognized as a tax-exempt 501(c)(3) organization. Contributions to the general fund are not personal investments and confer no ownership interest. Sponsorships and donations may be tax-deductible to the extent allowed by law. Consult your tax advisor.
BGCIC is affiliated with, but legally distinct from, the Beta Gamma Chapter of Alpha Phi Alpha Fraternity, Inc. Participation is reserved for initiated Brothers of Beta Gamma Chapter; Alumni Participants must additionally be financially active with Alpha Phi Alpha. See Get Involved for details.
Every Participant carries one vote, regardless of contribution tier (Article II). A quorum of seven Participants is required for regular business; a majority of all Participants is required to amend the bylaws or appoint officers.
Meeting minutes, portfolio snapshots, and an Annual Accounting are published on the Transparency page. All financial transactions are reviewed semi-annually by the Alumni Participant Audit Committee (APAC) under Article XII.
