Established in 1927 as the Levere Memorial Foundation, the non-profit corporation of Sigma Alpha Epsilon was created to generate funds for the construction and maintenance of the Levere Memorial Temple and its artifacts; to establish and grant scholarships to deserving undergraduate and graduate brothers; and to “receive funds, donations, bequests, legacies, endowments, and gifts, both real and personal for the furtherance of the objects and purposes of the Foundation.