Disregarded Entity. A disregarded entity, also called a pass-through entity, is one that is distinct from its owner for some purposes, but not when it comes to taxes. Sole proprietorships and partnerships, for example, are disregarded entities because the owners of these corporations report the business's income on their personal tax returns.
Kappa Alpha Psi. Kappa Alpha Psi (ÎºÎ±Ï) is a collegiate Greek-letter fraternity with a predominantly African-American membership. Since the fraternity's founding on January 5, 1911 at Indiana University Bloomington, the fraternity has never limited membership based on color, creed or national origin.
However, Pi Beta Phi did not officially adopt a Greek-letter name until 1888. Kappa Alpha Theta, founded in 1870 at DePauw in Indiana, was the first Greek-letter society for women. Kappa Kappa Gamma Fraternity was founded in the same year at Monmouth College, Illinois.