Gamma-O Alumni Brothers,
Approximately 15 years ago the House Corp and the Foundation announced to alumni of Gamma Omicron Chapter the Scholarship/Leadership Program, designed by then 5 active chapter leaders and 3 alums. While the title isn’t sexy, the program is designed to reward both Chapter scholarship (GPA) and brothers’ leadership within the chapter and “on the Hill”.
The last 15 years has brought in $275,481 for this program, including $6,000 pending pledges. A brother had pledged $50,000 once we hit $450,000 and another $100,000 once we hit $900,000. He was frustrated with the low funding level since the pledge, so he advanced the first $50,000, now in the above totals.
This writer has been championing fund raising for Gamma-O for over 30 years, beginning with the $2+ millions funding of the rebuilding the chapter house, which we re-occupied in 1998. I am having too many family health/other distractions, so I am asking for more of you to step up your generosity soon, while we seek someone to head up this important program’s fund raising! Let me know of any questions or suggestions you may have. Gamma-O now has over 1400 living alumni and only 75 have responded to this “SCHOLARSHIP LEADERSHIP PROGRAM”!! More than 494 responded to re-building the chapter house, from then about 1200 alumni! (Top 7 donors gave $856,000 and all 37 donors at $10,000, or more, gave $1,405,000!)
To acquaint you with the current cost of attending KU, tuition works out to about $350/credit hour. Gamma-O’s house bills are about $8,000 per semester (similar to Beta, DU, Phi Delt and Phi Psi, al competitive with University Housing …… a couple of sororities are $10,000/semester!). This will dramatize the need for an endowing fund that will support at least $20,000/semester to have a meaningful incentive to reward at least a majority of the brothers, not just a few. Note, the qualifiers are intentionally not based on need, but on performance of the brotherhood and individual brothers. Also, at least $20,000/semester requires $1 million endowment earning 4%!
When we launched this program the chapter was functioning at a historically high level, academically and otherwise. At that time we warned that history tells us such excellence was not a permanent condition. Recent semesters had the chapter earning a 3.1 GPA, but slipped to 2.92 this past semester. Last semester’s KU’s all men’s average was 2.84 and the average for large (60+ member) chapters was 2.97.
This program addresses all the right issues to condition brothers’ results orientation for their careers. Please be a significant donor to this program’s making a difference in preparing brothers for teamwork successes, necessary for any company.
Lloyd B. Hanahan ‘56
For the good of our Order
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:
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!
Lloyd B. Hanahan
For the Good of Our Order