The Sigma Alpha Mu Foundation is governed by a volunteer board of directors. Directors are elected by the board for three-year terms. Directors pay their own expenses to attend meetings and are required to financially support the Foundation's programs.
Foundation directors are annual donors to the Sigma Alpha Mu Foundation and many have also funded endowed scholarships, leadership training and other educational programs.
The annual meeting of the Foundation is held the Friday preceding the Convention of Sigma Alpha Mu Fraternity.