The new mailing address for correspondence to the Fraternity and Foundation:
1389 W. 86th Street #345
Indianapolis, IN 46260
Beginning in early 2019, the Board of Directors began developing a strategic plan for the property that the Foundation owned in Indianapolis. The almost ½ acre property and building, purchased in 1994, was the International Headquarters. The building served our staff and archives well, and has proved to be a sound investment for the Foundation. It demanded, however, quite a lot of maintenance and investment to keep it consistent with other similar commercial properties. Due to the pandemic, the Board tabled the comprehensive plan until this past spring when several members of the board and staff convened in Indianapolis to review with contractors the various possibilities in the best interest of our organization.
In a moment of serendipity, as the plan was being finalized, we received an unsolicited, reasonable offer from our neighbor to the east of our property to purchase the land and building. This necessitated a Board conversation to discuss the options for the Foundation and Fraternity as well as weigh the projected market conditions. After careful review with real estate experts and our counsel, the board ultimately voted unanimously to move forward with the sale of the building and property. The sale has been a valuable addition to our now robust investment portfolio.
We have secured appropriate spaces for our staff offices as well as our archives and treasures in Indianapolis. The move has already begun, and we will be fully moved into our new space by the end of the year. Since the sale of the building in July of this year, the History and Archives Committee (formed in 2020 out of our digital archives project) has been working diligently to organize the troves of archival materials and collection of memorabilia throughout the building.
While we transition out of the building, we are also grateful that we have found an appropriate space to house all the recognition features of Heritage Square including the bricks and flags. We will keep them safely stored for the short term while we strategically plan and determine how best to utilize them in a new way that serves the fraternity’s long-term vision.
In the meantime, we will be launching a recognition page on the website to honor the lasting investment of donors to that campaign. Next March, we will also honor donors in the 2nd edition of Reflections: Psi Upsilon History Journal. (You can see the first edition here)