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Frequently Asked
Questions
3. Does IFC recognize Phi Society as an official University of Virginia Fraternity? 4. What is the relationship between the Phi Society and the new Phi Delta Theta? Relations are cordial. 5. What about the Phi Society becoming affiliated with a different national fraternity not presently at the University or creating a new national organization? The House Corporation considered the possibility of an affiliation with a national not at the University. However, it was believed that such action would not be favored by the alumni. As a long term goal, the Board will continue to examine the creation of a new national organization which might be appropriate. Such action would not be undertaken without seeking support first from the Virginia Beta alumni. 6. What about One University Circle; who owns it, how well is it maintained, and how is this undertaken? One University Circle continues to be owned by the partnership organized in 1988 to finance a major renovation. The House Corporation became the general partner in 2000. During the last several years owners of about 50% of the limited partnerships transferred their ownership interests to a holding company set up as a sister corporation to Virginia Beta. The House is in excellent condition and is cited as one of the best-maintained fraternity houses at the University. The partnership continues to retain the University’s real estate arm, the Historical Restoration Corporation, as managing agent. |
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| © 2005 PHI Society, All Rights Reserved. |