1998 Volume 121 No 1–4 - Phi Delta Theta Scroll Archive

THE
Living
BOND
Strengthening Men For Life
1997
Annual Report
William R. (Rusty)
Richardson, Phi Delta Theta
Educational Foundation
Message from the president
THE THEME OF THE FOUNDAnON'S ANNUAL REPORT THAT
appeared in the spring 1997 issue of The ScroU was
"Looking to Our Future... Building on Our Past" As your
Foundation President, I
am very pleased to report
that this theme became a
reality in 1997.
The primary focus for
the Foundation Trustees
and staff during 1997 was
"The Living Bond Campaign."
This $5 miUion
capital campaign is by far
the largest endeavor ever
undertaken by the Foundation
in its 40 year history.
The Campaign was
publicly announced during
the 1997 Leadership
College and has been well
received by the alumni.
Specific information on The Campaign appeared in the winter
issue of The Scroll and a current progress report can be
found on the next page.
In addition to The Living Bond Campaign, the Foundation
has continued to promote aimual giving. As the 1997
contribution summary indicates, the total of all contributions
received last year was $935,467. This represents the
highest total ever received by the Foundation in a single year.
In addition to these gifts, the Foundation also received
pledges totaling $662,680 for The Living Bond Campaign.
These combined figures equal $1,598,147 in support of the
Foundation and its activities. More importantiy, this represents
a tremendous investment by thousands of Phi Delta
Theta alumni in the future of our great Fraternity.
This strong support from the alumni allowed the Founda-
tion Ixustees to dramatically increase the amount of grants
and scholarships available to our members and to the Fraternity.
Grants for 1997 totaled $885,125 as compared to
$307,500 in 1996. This significant increase in grant allocations
provides dear evidence of the impact increased alumni
contributions have on the educational programs and opportunities
supported by the Foundation. A detailed summary
of the grant and scholarship allocations appears on the next
page.
Other significant events for the Foundation during 1997
have included:
• The creation of two newly endowed undergraduate
scholarships bringing the total number of endowed scholarships
to 30.
• Avrarded 40 undergraduate scholarships worth $93,800.
The scholarships ranged from $1,000 to $3,000.
• Increased the Foundation's support of the Leadership
College to $65,000.
•Amended the Articles of Incorporation and Code of
Regulations to allow for an increase in the number of Foundation
Trustees.
•Awarded 10 grants for student members to attend the
Undergraduate Interfraternity Institute.
• Marvin J. Perry, Maryland '53, concluded his term on
the Board. Trustee Ronald F. Walker Cincinnati '61 entered
the Chapter Grand in 1997. Brothers Paul E. Martin, Akron
'35, and Jordan L. Haines, Kansas '49, were appointed as
Trustees.
• The Foundation's investment portfoUo surpassed $10
milHon.
• EstabUshed four ($2,500) graduate fellowships for Phi
Delta Theta alumni.
• Supported the Alcohol-free Housing Initiative with
grants totaling more than $500,000.
• Provided $25,000 in support of the regional House
Corporation Workshops.
28 THE SCROLL SPRING 1998
http://www.phideU-^q.com