UCLA chapter of Pi Kappa Alpha fraternity rescinds charter
The UCLA chapter of Pi Kappa Alpha, at 555 Gayley, rescinded its charter Wednesday. (Kelsey Kong/Daily Bruin)
By Shreya Maskara
Jan. 15, 2015 5:01 p.m.
The UCLA chapter of Pi Kappa Alpha stopped operating as an official campus fraternity Wednesday because of financial problems.
The fraternity internally decided to pull its charter because it could not pay off its debts of between $10,000 and $25,000 to the national Pi Kappa Alpha organization, said Matthew Li, president of the chapter and a third-year geology/engineering geology student. Li said he could not provide a more specific estimate of the fraternity’s debts.
“Operation costs and the dues we owed made it impossible to stay financially afloat,” he said.
All initiated members of the fraternity are now considered alumni of Pi Kappa Alpha, Li said. He added that though the chapter has been rescinded, the initiated members are still not allowed to join new fraternities.
Li said the fraternity already has a plan and an outline with its national organization to restart operations in a span of two to three years.
“We still have all the same friendships that the fraternity gave us,” Li said. “We are all still brothers, even if our charter has been rescinded.”
Pi Kappa Alpha’s UCLA chapter on Gayley Avenue was founded in 1991. The national organization could not be reached immediately for comment for this article.
Compiled by Shreya Maskara, Bruin contributor.
