The Foundation (PSKF), incorporated as an entity separate from the Grand Chapter in 1947, serves as the financial backbone of the fraternity. It is facilitated by a Board of Trustees which appropriates funds for various programs and scholarships administered by the Grand Council. The money for this comes from member dues, pledges, and donations. The Foundation is immensely important to the growth and maintenance of the Fraternity. Some of the programs it funds are the Leadership School, Undergraduate Scholarships, the Grand Chapter website, and Regional Conclaves.