Campaign Gamma-O is preparing to transition from the Capital Campaign to pay for the rebuilding of the chapter house (renovation completed in 1998) to a Capital Campaign to provide a chapter scholarship/leadership endowment (The campaign is yet to be named, but something like Endowment Gamma-O). The “Endowment” will be to fund scholarships for active chapter academic/leadership incentives/recognition. The “Endowment” would be funded by transferring the ‘external’ debt (now with a Bank) to the ‘internal’ debt (to be held by the “Endowment” fund). The debt transfer would be funded by donations to the endowment fund and active chapter debt servicing. As the ‘external’ debt diminishes, the endowment fund increases, commensurately.

The chapter’s debt service capacity would thereby become the long term funding source (endowment) for payments to incentivize/recognize academic/leadership achievements of the active chapter, collectively as a brotherhood and for individual brothers who live in the chapter house. If the minimum achievement level is not met, then no payout for that semester. That is the idea. More details will be shared as the concept is planned and finalized in more detail in the coming months.

A special thanks to all who donated, and to those who continue to do so! A dramatic testimony about our Love for our Order! This is a major achievement via donations from about half of the Order’s nearly 1,000 living alumni and the active chapter’s debt servicing since 1998. My hope is that the pledges pending will be honored. Once the “Endowment” campaign has been fully defined, we will announce both the new campaign and the interface with Campaign Gamma-O. Of course, we encourage/appreciate the payment of all existing and new financial pledges. An $800,000 endowment fund is our tentative goal, which would fund $50,000 in annual awards, depending upon the interest rate variables. Actually, offering such incentives is becoming important, competitively. Some other fraternities are doing it now.

The Alumni Chapter (House Corporation) and Active Chapter finances are very tight, and highly interrelated, as we finish this semester. The “tightness” is due to the chapter house occupancy being currently at 63, instead of the optimum level of 76. At a house bill rate of $2,650/person/semester, one can see the dramatic impact of lower occupancy. The active chapter is focused on filling the chapter house when they return for the fall semester. Such action is most essential. Any Rush (now called ‘recruitment’) prospects from alumni is sought and appreciated.

Campaign Gamma-O financial status since 1989 Total Pledges $2,297,899.28 Total Received $2,285,159.57 Pending $212,739.71 Bank Debt $678,930.67