Gammma-Omicron Scholarship/Leadership Program
Dear Brothers,
Gamma-O’s Chapter operations are progressing superbly. Academically, the Chapter was 2nd on the Hill last semester and 4th the semester before that. The Chapter continues with occupancy at or above a financial breakeven, remains quite active on the Hill and again, has won the prestigious FACE award granted by our National Fraternity! At the end of this semester it is estimated the house corporation (Gamma Omicron, Inc) will have an outstanding debt position of $200,000, including $150,000 from our Educational Foundation. Considering a nearly $3 million renovation of the chapter house, completed in the fall of 1998, debt reduction progress is exemplary. The chapter house has also been well cared for and maintained since. In addition, our Educational Foundation currently has a current net asset position of $169,000, including the $150,000 loan to the house corporation.
All the above is very good news and the result of much alumni guidance and diligence on the part of the active chapter leaders. We all can remember past times when the Chapter had failures just the opposite of some of the achievements noted in the above paragraph.
During a series of planning meetings a few years ago, three alums and four active chapter leaders collectively sought to develop a program to keep the Chapter focused on the perennially most important Chapter goals of academic achievement; brotherhood recruitment/development; Chapter financial viability; and leadership on the Hill and community. The development of this program was met with enthusiasm by the active chapter through excellent leadership by active chapter leaders, including past GM’s and current officers spanning several class years. In my opinion, their exemplary contributions and enthusiasm for the program has been a motivating basis for the Chapter’s excellence plateaus of recent!
Our intentions with this Scholarship/Leadership Program are to encourage/reward excellence in academics and leadership modeled upon the principles of entrepreneurship. Chapter operations provide a real life example of this every semester! The more the brothers ingrain these achievement/teamwork principles into their daily work ethic, the more they will demonstrate them in college and their future endeavors. This new Program’s important features for each semester include:
- Establishing/maintaining an endowment fund capable of funding $25,000 per semester, from earnings only.
- No payouts can be earned each semester by any member unless the chapter is at or above:
- A financial breakeven and current in all financial obligations,
- KU’s All men’s GPA average.
- To be awarded, a member must at the end of each semester:
- Have a GPA at or above KU’s a. All Fraternity GPA average,
- Be current in all financial obligations to the chapter,
- Be a fulltime student at KU, by University standards
All these goals are clear, understandable, measurable with objective data, and attainable goals!
On the behalf of the development committee, the active chapter, and the Boards of Gamma Omicron and the Educational Foundation, we solicit alumni funding for an endowment that will carry Gamma-O into her second 100 years at KU! Achieving $50,000 annual funding, requires an endowment of $1 million at a 5% return; variable depending upon the size of the endowment fund and the rate of return. The Chapter has demonstrated the will to perform. Let us demonstrate alumni support to them. Please review the pledge form criteria, selecting your preference, then send us a generous financial gift!
AEKDB
Lloyd B. Hanahan
For the Good of Our Order