Yes, it varies from organization to organization and campus to campus; But many fraternity chapters across North America establish separate 501(c)7 housing corporations to finance and act as legal...
Strictly speaking, a fraternity is a "brotherhood." In the United States, on colleges campuses, fraternities are organizations that young men join, in which they live together in a house close to...
Some people call fraternities frats. I however think that it is disrespectful to your fraternity. you wouldn't call your country a cu*t, so don't call your fraternity a frat.