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Poster Name:
Here it is

Poster Message:
In addition to having clear punishment guidelines, the IFC judicial board should affirm the right to have legal counsel represent chapters at hearings. Since 1997, all but four housed chapters have been suspended. If the chapter houses each hold ~80 men and their rent averaged $1100 per person per month over that time period, and 19 houses lost out on a half years rent, then the rent losses total $6.7 million. In addition, Alpha Sig, Delta Chi, ZBT, SAM, and Pike lost ownership of their houses (Beta sold their old house but I think they got a decent sum of money). If each house was worth $6.5 million, then the suspension of chapters at IU has cost the men’s chapters nearly $40 million. The number probably is a lot higher once you factor in the impact disciplinary proceedings have on alumni support. Indiana allows you to have an attorney at small claims court where you are arguing over trivial matters as small as $25. Surely, then it would make sense to allow fraternities active legal representation in disciplinary proceedings that have cost IFC chapters millions over the last 20 years. All in, IFC fraternities at IU own around $125 million in real estate (assuming $6.5mm per property X 19 chapters that own their own property). Yet IU’s fraternities operate in a judicial system where the rules constantly change and are arbitrarily enforced, putting all these assets in jeopardy. Though your chapter may not have been suspended recently, this arbitrary judicial structure still costs you. Let’s say a chapter is considering remodeling their house. Typically, your board might take on a mortgage to cover the cost of the renovation and pay back this debt over many years of stable cash flow. Now chapters have to be very carefully about this. If the chapter gets suspended and their board can’t pay the mortgage they will lose their house. So the amount of debt that IU boards are comfortable taking out is limited. You might think rather than finance renovations you could just raise alumni money for the remodel. Think again. The kind of alumni who donate to such a projects typically either run their own company or are in private investments. Not one of these guys would invest millions of dollars of his family’s or an employer’s money into an investment where the rules are arbitrary. Why would such individuals behave less prudently when it comes to evaluating risk in charitable giving?