Frequently Asked Questions

My chapter and AVC already have a solution for financial management and tax filing. Do we have to use Legacy Financial?

No. If your chapter has a solution that works well, you have already solved for a problem many chapters and AVCs are still struggling with. SigEp is partnering with Legacy Financial to provide free and inexpensive tools for those that need a better solution. If you already have a solution, we’d encourage you to explore Legacy Financial and see if they can provide more value at lower costs. 

Are Legacy Financial tools or services controlled or managed by SigEp Headquarters staff or national volunteers?

No. SigEp’s relationship with Legacy Financial is a partnership. Legacy Financial acts as an independent service provider, and any contract with Legacy is strictly between them and your chapter. They are the sole provider of services and tools. 

Can SigEp staff view my chapter or AVC’s financial records stored with Legacy Financial?

Not unless you provide access. Legacy Financial’s account access works like any other email or banking login. You need a user ID and password that is unique to your chapter or AVC’s account. Only authorized administrators of your account can view your records. SigEp and Legacy Financial believe strongly that your information should be private unless you choose to share it.

Can my AVC view our chapter’s financial records?

Legacy Financial has designed all chapter accounts with a paired AVC account so that volunteers can track their own finances and provide guidance to undergraduate officers. AVC accounts will have tools that are specific to their core competencies, like fundraising. 

Are the free financial tools really free?

Yes, Legacy Financial is providing many of their financial management tools for free. For many chapters, this may be all they need to better manage their chapter’s finances. Extra services like account management, hard-copy billing, and payment processing are being offered at rates that are below market costs, exclusively for SigEp chapters.

Legacy Financial is a younger company. Why didn’t SigEp partner with other, better known companies?

We see Legacy Financial’s youth as a strength. Their online platform is cutting edge and easy to use, and their ability to customize the user experience for SigEp chapters exceeds what is available through other companies. All of this translates to a better, more intuitive experience for our members and chapter leaders. 

Are there any additional SigEp-specific customizations yet to come?

Yes. Currently, Legacy Financial is expanding their tax filing system to include the full form 990 and 990T. These forms will be available by spring 2013. Additionally, AVCs can expect to see the introduction of fundraising tools that will help facilitate the promotion and management of your local chapter campaign.