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.

 

 

BOARD ACTIONS

 

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 50^th 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 50^th reunion. Our objective is to become the major support source for the 63CAE!

 

 

MID-TERM REUNION

 

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!!

 

 

 

FUND RAISING

 

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 50^th 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 rjones@fnfd.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. 

 

Donations may include “hard goods” such as art, wine, antiques, mementos or other appropriate items.  “Intangible” items such as rounds of golf at a club or resort; use of a vacation condominium at a ski area, beach house or resort/spa; weekends at a hotel; dinners at a restaurant or a hosted dinner in your home, a cruise on your boat, etc. are acceptable.  Be creative!  Donations could represent hundreds of dollars in auction funds raised.  A Donation Form is attached and is available at the class website with mailing instructions.  Your donation and purchase if the successful bidder is tax deductible to the extent allowed by law. 

 

 

GOVERNANCE

 

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

Lowe Enterprises

P.O. Box 12393

Aspen, CO 81612-9207

 

 

FINANCIALS

 

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!!!

 

BEAT ARMY

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. NAVAL ACADEMY

CLASS OF 1963 FOUNDATION

 

30 September 2010

BALANCE SHEET

                            

 

ASSETS                                                   

Checking Account                           $ 2,616

Pledges Receivable                         -

Schwab (at market)                         583,974

                                                         

TOTAL ASSETS                                      $586,590     

                                                         

LIABILITIES                 

Scholarship Commitments:

Rohrbach, Sarah $ 6,650

Rohrbach, Megan                          13,392

                                         $ 20,042

       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

 

 

OPERATING STATEMENT

                                                                       

INCOME

Donations (direct)                         $ 5,450              

Donations (via NAF)                        1,200

Investment Account/Schwab                  15,171      

Checking Account/Interest                  24                                                                                      

TOTAL INCOME                                      $ 21,845

 

                                                                

EXPENSES

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

insurance)                                1,537

                                                                       

TOTAL EXPENSES                                    (21,770)

             

       NET INCOME (LOSS)                          $ (75)