In the continuing effort of the Trustees to regularly communicate with members of the Class, this is the twelfth of regular Newsletter communications to all Classmates.
2010 BOARD ELECTION
As previously recommended by the Board, there will be no contested election to fill the seats vacating at 31 December 2010. It had been the earlier determination of the Board that the interests of the Foundation were best served by assuring a consistency of governance, with oversight to be continued by the present Board membership through termination of Foundation activity in 2013 (just a little more than two years hence!).
In accord with that policy, the names of Ken Metviner, and Harry Salmon are offered for re-election, with an opportunity for write-in candidates. Enclosed is a ballot which you are asked to complete and return.
The Board discussed various matters at its meeting in October in Annapolis.
These included the election of the Trustees, scholarship status and policy as we wind down, and the San Diego Mid-term Reunion.
In addition, particular emphasis of discussion was devoted to fund raising efforts for our 50th Legacy Gift in support of the 1963 Center for Academic Excellence (“63CAE”). To date, we have cash donations/pledges of $1,754,000 and another $350,000 in Planned Giving gifts, for a total of over $2 million. There are significant expressions of interest in additional Planned Gifts, and this form of donation is vital to our success in achieving the Class goals for the 50th reunion. Our objective is to become the major support source for the 63CAE!
Mark your calendars for San Diego, March 31- April 3, 2011. This will be our unique “mid-term” Reunion, hosted and organized by our West Coast classmates with support from the Class and the Foundation. Attached is the schedule of events as well as a Registration form, if you have not register yet. Call 888-421-1442 and identify yourself as a member of USNA Reunion Class of 1963 to make reservations, at reduced rates, at the Manchester Grand Hyatt Hotel. More information on the reunion is available on the Class Website.
Plan to attend!!
When making plans to attend the Mid-term Reunion in San Diego, please consider how you might participate in our Legacy Gift campaign for 63CAE. This Reunion will provide an opportunity to be updated on our 50th Anniversary Campaign, and to learn how to qualify for inclusion of your name on the Striper recognition Plaque, which will identify those who have supported the effort at various donation levels, and will be placed permanently at the entrance to the CAE. Members of the Fund Raising Committee will be available to answer questions about Planned Giving, tax benefits, and the like, as well as the Striper Plaque.
ENCLOSED IS A PLEDGE FORM FOR YOUR USE.
Also, remember that Planned Giving allows for cash, real estate, securities, insurance benefits and retirement plan proceeds. Each gift can be tailored to the requirements of the donor. If you have interest in Planned Giving, feel free to contact Dick Jones at email@example.com, or at any of these numbers: 800-676-3688, 202-626-5237, or 410-353-4060.
We aspire to 100% participation as a Class! Any gift, no matter the amount, is welcome, and full participation will prove our “Quality 63” motto.
SILENT AUCTION IN SUPPORT OF 63 CAE
We are seeking classmates’ support as silent auction item donors for the Mid Term Reunion. The silent auction will be held on Saturday April 2, 2011 in the Hospitality Suite at the Manchester Hyatt in San Diego. The item(s) donated will directly benefit the 1963 Center for Academic Excellence as a part of the Class Legacy gift.
Enclosed is a ballot offering for re-election two presently serving Trustees, as elaborated above.
All presently serving Officers continue in service.
BONDS OF GOLD
A ceremony will be held in Memorial Hall in late April for the Bonds of Gold with our Link in the Chain Class, 2013.
The ceremony entails contributions of ’63 Class Rings and Minatures to be melted down and included in the mold for the rings for 2013. Rings for this purpose have been donated by widows and classmates from ’63.
A TOUCH OF ’63 STYLE - SALE!
We continue to have a good stock of four-in-hand ties and bow ties, as well as lovely silk scarves for your ladies. All are done in the Class pattern of regimental stripes designed exclusively for our use.
Ties (both styles) and scarves are $63 each, but a discount is offered for orders of more than one article. You can buy two for $100 or three at a price of $120.
Please be specific when ordering.
Order by sending a check made payable to Class of 1963 Foundation and mail to:
Ms. Dawn Storm
P.O. Box 12393
Aspen, CO 81612-9207
The Class Foundation presently has a net worth, through September 30, 2010, of $556,098, as reflected on the attached financial statements.
The scholarship liabilities are those of funding to completion the grants to which we are already committed. The liability to NAF is for funds which we have received that were earmarked for remittance to NAF for the 63CAE account. Operations are on a calendar year basis.
SEE YOU IN SAN DIEGO!!!
U.S. NAVAL ACADEMY
CLASS OF 1963 FOUNDATION
30 September 2010
Checking Account $ 2,616
Pledges Receivable -
Schwab (at market) 583,974
TOTAL ASSETS $586,590
Rohrbach, Sarah $ 6,650
Rohrbach, Megan 13,392
Due to NAF
· Cook 5,000
· Williamson 2,500 7,500
Mid-Term Reunion A/C 2,950
TOTAL LIABILITIES (30,492)
NET WORTH $ 556,098
Donations (direct) $ 5,450
Donations (via NAF) 1,200
Investment Account/Schwab 15,171
Checking Account/Interest 24
TOTAL INCOME $ 21,845
Scholarships $ 10,308
Memorials (Link in the Chain) -
Contributions to NAF
· CAE 5,000
· Bonhomme Richard 4,500 9,500
Fund Raising Expenses (including Mid-term
Reunion support) 425
Administrative Expenses (stationery, bank
charges, printing, postage, mail expenses,
meeting expenses, and fidelity bond
TOTAL EXPENSES (21,770)
NET INCOME (LOSS) $ (75)