Presiding Participant
Xavier Kelly
Placeholder bio for the chair of BGCIC. Replace with current officer biography.
About BGCIC
A philanthropic investment club, built by Brothers, for the community.
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
The four Participants who steward the club.
Assistant Presiding Participant
Evans Genece
Placeholder bio for the vice chair of BGCIC. Replace with current officer biography.
Recording Participant
Jasper Short
Placeholder bio for the secretary of BGCIC. Replace with current officer biography.
Financial Participant
Carey Hollis
Placeholder bio for the treasurer of BGCIC. Replace with current officer biography.
Committees
Three standing committees do the work between meetings.
Article IV of the bylaws charters three committees. Each operates under the E-Board and reports at the quarterly meetings.
Financial Literacy
Builds and runs the educational programs that teach Participants the principles of sound investing. Owns the summer curriculum for undergraduate Participants.
Philanthropy
Sets the strategy for the club's acts of charity, including the timing and shape of the eventual VSU endowment pledge.
Fundraising
Raises capital for BGCIC from Alumni Participants, sponsors, and friends of the mission. Coordinates with the Financial Participant on tracking and acknowledgment.
Governance
How BGCIC is structured.
501(c)(3) nonprofit corporation
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.
Chapter affiliation
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.
Equal voice
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.
Transparency by default
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.