Final answer:
Pi Beta Phi Fraternity's education initiatives are financially supported by the Pi Beta Phi Foundation, which is funded by the members and alumni of the fraternity as part of their commitment to educational philanthropy.
Step-by-step explanation:
The financial support for Pi Beta Phi Fraternity's education initiatives, such as the New Member Education Program, is primarily provided by Pi Beta Phi Foundation. The foundation is a mechanism that facilitates educational programs, scholarships, and leadership initiatives within the fraternity. This support reflects the philanthropic spirit that values the education and development of its members. Aspects of open philanthropy play a significant role, which involves the act of generosity by current members and alumni who are motivated to further students' success in educational endeavors. It echoes the sentiments of Thomas Jefferson, who believed in the sharing and receiving of knowledge as a foundational principle of education.