budget of $3.0 million per year.
=== Greek life, professional, and honor societies ===
Cornell hosts a large fraternity and sorority system, with 70 chapters involving 33% of male and 24% of female undergraduates. Cornell's Greek Life has an extensive history on the campus with the first fraternity, Zeta Psi, being chartered by the end of the university's first year. Alpha Phi Alpha, the first intercollegiate Greek organization established for African Americans, was founded at Cornell in 1906. Alpha Zeta fraternity, the first Greek-lettered organization established for Latin Americans in the United States, was also founded at Cornell on 1 January 1890. Alpha Zeta served the wealthy international Latin American students that came to the United States to study. This organization led a movement of fraternities that catered to international Latin American students that was active from 1890 to 1975. On 19 February 1982, La Unidad Latina, Lambda Upsilon Lambda fraternity was established; it would eventually become …