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      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES</Identifier>
        <ReturnReference>SCHEDULE I, PAGE 1, PART I, LINE 2</ReturnReference>
        <Explanation>MONITORING GRANTS TO LAMBDA ALUMNI CORPORATION ARE ACCOMPLISHED BY HAVING THE ENTITY SUBMIT THEIR FINANCIALS, INCLUDING THE GENERAL LEDGER, TO ALPHA GAMMA RHO-LAMBDA CHAPTER FOUNDATION'S TREASURER.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleN documentId="RetDoc6">
      <DispositionTable>
        <DescriptionOfAsset>BUILDING &amp; EQUIPMENT</DescriptionOfAsset>
        <DateOfDistribution>2011-01-01</DateOfDistribution>
        <FMVOfAsset>440000</FMVOfAsset>
        <MethodOfFMVDetermination>APPRAISAL</MethodOfFMVDetermination>
        <EIN>274414316</EIN>
        <NamePerson>LAMBDA ALUMNI CORPORATION</NamePerson>
        <AddressUS>
          <AddressLine1>PO BOX 8221</AddressLine1>
          <City>ST PAUL</City>
          <State>MN</State>
          <ZIPCode>55108</ZIPCode>
        </AddressUS>
        <IRCSection>501(C)(7)</IRCSection>
      </DispositionTable>
      <DirectorOfSuccessor2>true</DirectorOfSuccessor2>
      <EmployeeOfSuccessor2>false</EmployeeOfSuccessor2>
      <OwnerOfSuccessor2>false</OwnerOfSuccessor2>
      <ReceiveCompensation2>false</ReceiveCompensation2>
      <Form990ScheduleNPartIII>
        <Identifier>DETAIL</Identifier>
        <ReturnReference>SCHEDULE N PART II PAGE 2 LINE 2E</ReturnReference>
        <Explanation>COMMON DIRECTORS OFFICERS WILLIAM MANWARREN KEITH WOLF STUART IMMER</Explanation>
      </Form990ScheduleNPartIII>
    </IRS990ScheduleN>
    <IRS990ScheduleO documentId="RetDoc7">
      <GeneralExplanation>
        <Identifier>ANY SIGNIFICANT CHANGES IN CONDUCT FOR PROGRAM SERVICES</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 3</ReturnReference>
        <Explanation>PROGRAM SERVICES NO LONGER INCLUDE PROVIDING EDUCATIONAL FACILITIES. THE FACILITIES WERE SOLD AT FAIR MARKET VALUE AT THE BEGINNING OF THE YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ALL OTHER ACCOMPLISHMENT DESCRIPTION</Identifier>
        <ReturnReference>FORM 990, PAGE 2, PART III, LINE 4D</ReturnReference>
        <Explanation>LINE 22 SCHOLARSHIP ASSISTANCE(APPROX 35 STUDENTS)</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CLASSES OF MEMBERS OR STOCKHOLDERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 6</ReturnReference>
        <Explanation>THE ORGANIZATION HAS VOTING MEMBERS WITH THE POWER TO ELECT ALL OF THE MEMBERS OF THE GOVERNING BODY. CERTAIN GOVERANCE DECISIONS ARE RESERVED TO THE VOTING MEMBERS OF THE GOVERNING BODY, INCLUDING THE RIGHT TO AMEND THE ARTICLES OF INCORPORTATION, THE RIGHT TO APPROVE A MERGER, CONSOLIDATION OR TRNSFER OF ALL ASSETS OF THE CORPORTION AND THE RIGHT TO DISSOLVE THE CORPORATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ELECTION OF MEMBERS AND THEIR RIGHTS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 7A</ReturnReference>
        <Explanation>SEE ANSWER TO NUMBER 6, ABOVE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DECISIONS SUBJECT TO APPROVAL OF MEMBERS</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 7B</ReturnReference>
        <Explanation>SEE ANSWER TO NUMBER 6, ABOVE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>ALL BROAD MEMBERS REVIEW RETURN BEFORE FILNG WITH INTERNAL REVENUE SERVICE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>ARTICLES OF INCORPORATION ARE AVAILABLE, UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER CHANGES IN NET ASSETS EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5</ReturnReference>
        <Explanation>OTHER CHANGES IN NET FUND BALANCES RESULTED FROM UNREALIZED LOSSES IN SECURITY INVESTMENTS.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc8">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>LAMBDA ALUMNI CORPORATION</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO BOX 8221</AddressLine1>
          <City>ST PAUL</City>
          <State>MN</State>
          <ZIPCode>55108</ZIPCode>
        </AddressUS>
        <EIN>274414316</EIN>
        <PrimaryActivities>HOUSING</PrimaryActivities>
        <LegalDomicileState>MN</LegalDomicileState>
        <ExemptCodeSection>501(C)</ExemptCodeSection>
        <DirectControllingEntityNA>N/A</DirectControllingEntityNA>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>true</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>true</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>true</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>LAMBDA ALUMNI CORPORATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>F</TransactionType>
        <AmountInvolved>440000</AmountInvolved>
        <MethodOfAmtDetermination>APPRAISAL</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>LAMBDA ALUMNI CORPORATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>B</TransactionType>
        <AmountInvolved>240700</AmountInvolved>
        <MethodOfAmtDetermination>CASH</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>LAMBDA ALUMNI CORPORATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>D</TransactionType>
        <AmountInvolved>202813</AmountInvolved>
        <MethodOfAmtDetermination>CASH</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>LAMBDA ALUMNI CORPORATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>Q</TransactionType>
        <AmountInvolved>9581</AmountInvolved>
        <MethodOfAmtDetermination>LIABILITY BALANCE</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>