Finance and Insurance Committee

https://ailg.mit.edu/insurance-information

The Finance and Insurance Committee has as a goal of understanding the current financial health of our member organizations and the long term requirements for sustaining financially healthy Chapters. The committee negotiates for general liability, umbrella liability, property, boiler, D&O (Directors & Officers), and commercial crime insurance for the AILG, and the preponderance of our members and their undergraduate chapters at MIT. Contact Finance and Insurance Committee Chair Stan Wulf (sawulf@alum.mit.edu) for more information.

Please note that the finances of the AILG itself are handled by the AILG Treasurer, rather than the Finance Committee.

Insurance

Many of the FSILGs at MIT are required to purchase liability insurance through their national organizations, but for those groups without national organizations or with the freedom to purchase insurance elsewhere, the AILG insurance program provides competitively priced insurance written for collegiate fraternal organizations which is not readily available elsewhere to an individual organization.  The various types of insurance can be purchased a la carte and with various deductibles to suit the needs of the organizations.  The annual renewal process begins in January for the April 1 policy renewals.

For more information about AILG and member insurance, see the insurance information page.

Annual Housebill Analysis

Up until 2015, the AILG conducted an annual Housebill Analysis study to help provide data to AILG members. This historic data is available HERE.  

FSILG Fundraising Seminars

From time to time, the AILG Finance Committee organizes Fundraising Seminars. The most recent was held on Thursday, April 23, 2015. The slides can be found HERE and the contact list is posted HERE. The slides for the February, 2014 seminar can also be found HERE. These seminars are intended for all FSILG officers contemplating or starting a fundraising campaign.

AILG Finance and Insurance Committee

The current AILG Insurance Committee members are:

  • Stan Wulf ’65 (Chair)
  • Eric Cigan '83
  • Carl King ’65
  • Bob Ferrara ’67
  • Contractor: FSILG Cooperative, Inc.

Periodically, the Committee consults with MIT Insurance staff. The Committee works with Holmes Murphy (formerly Willis, formerly Kirklin) on the group insurance policies, and also makes recommendations about the appropriate levels of insurance for house corporations to carry.