Minneapolis, MN

ALPHA KAPPA PSI SCHOLARSHIP FUND

EIN 41-1925673

Education & Youth Development College Access & Scholarships

Mission

To promote business education at the University of Minnesota's Carlson School of Management by awarding merit-based and need-based scholarships to qualified students.

IRS-recognized 501(c)(3) public charity Contributions are tax-deductible

Claim this page Visit www.akpsischolarships.org

About ALPHA KAPPA PSI SCHOLARSHIP FUND

Alpha Kappa Psi Scholarship Fund is a Minneapolis-based 501(c)(3) organization that provides scholarships, housing awards, and study-abroad support for students admitted to the Carlson School of Management at the University of Minnesota. The fund was founded by alumni of the Alpha Eta chapter of Alpha Kappa Psi to expand access to business education and support student success. In recent years the organization has scaled its annual awards: for the 2025–26 academic year it reports that more than 60 students will receive over $400,000 in scholarships, and since 1988 it has awarded more than $4,000,000 to over 475 students. The EIN 41-1925673 (format: 41-1925673) matches public filings and the charity's donor-facing information, confirming this profile refers to the operating scholarship fund serving Carlson students.

Notable achievements

Large 2025–26 award cycle

Distributed (for 2025–26) scholarships totaling more than $400,000 to over 60 students entering or attending the Carlson School of Management.

Multi-decade impact

Since 1988 the fund reports awarding more than $4,000,000 in scholarships to over 475 students, establishing a sustained pipeline of support for Carlson undergraduate students.

Scholarship housing program

Operates housing-related scholarships (including support for students living in the AKPsi house) and provides both full-year and sublease housing assistance as part of its award programs.

At a glance

Total assets: $4.4M
Annual revenue: $634K
Tax status: 501(c)(3)Public charity
EIN: 41-1925673
Location: Minneapolis, MN
Website: www.akpsischolarships.org
On Mahalo since: May 2026

Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.

Recognition

Rated by Charity Navigator with a Three-Star (83%) Accountability & Finance score based on available financial and governance data.

Recognized as a tax-exempt 501(c)(3) public charity (IRS ruling year reported as 2006) and publicly discloses annual Form 990 filings.

Maintains an active donor-facing website and formal giving channels (online donations, DAF acceptance, stock gifts, estate/legacy giving and named scholarship options), indicating ongoing fundraising and donor stewardship capacity.

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