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Class Scholarship Fund
End of the Year Status
Of Fund Raising
Results to date are encouraging. Money has
been received from sixty nine classmates who represent thirty nine percent of
individuals assigned to our thirteen agents. The participation rate of
our class is twenty nine percent through November18 toward a goal of sixty
five percent by the end of the fiscal year, June 30, 2005. Approximately
$30,000 has been raised toward our class goal of $100,000, of which $2100 was
dedicated to our Class Scholarship Fund.
There are still a number of classmates assigned
to Lehigh Agents who are yet to be contacted. It is very desirable to
establish contact prior to year end while everyone has a warm fuzzy feeling
through the holidays--as well as being important to those who wish to gain tax
benefits by contributing during this calendar year.
The Development Office has not yet received all
of the Solicitation Assignment Sheets and Data Sheets from a few Lehigh
Agents. Please try to complete your contacts and return them in the
envelope provided.
While contributions are ahead of the same time
last year, a greater tendency to restrict giving to specific causes is noted.
It is important to recognize that our first obligation is to get a commitment
to contribute. Having achieved that, classmates should be encouraged to make
an unrestricted gift which can be allocated more equitably and efficiently.
However, keep in mind that if a classmate wishes to make a restricted gift,
deserving causes such as The Athletic Partnership and Zoellner are blessed
with an abundance of support. Others such as our Class Scholarship Fund are
starving.
Additionally, we can always benefit from a few
more classmates to serve as Lehigh Agents. Send your suggestions to me and I
will gladly ask them to join our team.
Keep up the good work.
Randy
August
12,
2004
MEMORANDUM
FROM:
Randy
Zehner
TO:
All
Concerned
SUBJECT:
Minutes
of
Meeting
-
July
9,
2004
at
the
Lehigh
University
Development
Office
to
discuss
Lehigh
University
Class
of
1952
fundraising
activities
through
June,
2007;
the
55th
Class
Reunion
PURPOSE:
Develop
an
on-going
campaign
to
solicit
funds
1
Refer
to
attached
meeting
agenda.
The
meeting
covered
all
points
on
the
agenda
and
resulted
in
agreement
on
all
items.
a.
The
current
status
of
the
LU'52
Scholarship
Fund
was
updated
to
6/30/2004.
b.
The
LU'52
class
fundraising
goals
for
the
annual
Lehigh
Fund
campaign
year
2004/2005
is
$100,000.
Any
funds
contributed
to
the
Lehigh
Fund
and
the
Class
Scholarship
Fund
will
be
credited
to
the
upcoming
University's
Capital
Campaign
to
raise
$500,000,000
for
major
projects.
c.
A
decision
was
made
to
establish
a
goal
of
raising
$360,000
for
the
Class
of
1952
Scholarship
Fund
by
June,
2007,
the
55
class
reunion.
This
achievement
would
establish
a
scholarship
endowment
with
a
book
value
of
$400,000.
Book
Value
was
chosen
as
the
underlying
basis
since
Market
Value
tends
to
fluctuate.
These
"hard
funds"
would
be
sufficient
to
endow
a
full
scholarship
for
at
least
one
needy
applicant.
Raising
these
funds
from
class
members
in
three
years
seems
reasonable
and
achievable.
d.
Rich
Santoro
was
able
to
supply
resource
material
from
the
2003/2004
Lehigh
Fund
campaign
which
listed
eleven
Lehigh
Agents
and
their
preferred
candidates
to
be
solicited.
A
copy
is
attached
(Not
on
website).
It
is
hoped
that
these
eleven
classmates
will
continue
to
serve
as
Lehigh
Agents
during
this
three
year
campaign.
Their
candidates
will
remain
the
same
if
they
so
desire.
Hopefully,
we
will
be
able
to
recruit
additional
Lehigh
Agents
to
broaden
our
outreach
to
the
remaining
members
of
the
Class
of
1952.
e.
Performance
evaluation
and
status
reporting
are
important
considerations.
Lehigh
Agents
need
to
be
aware
of
the
status
of
our
campaign
and
their
efforts
to
solicit
their
assigned
classmates.
2.
The
following
actions
were
agreed
upon:
a.
Randy
Zehner
and
Rich
Santoro
to
meet
soon
to
establish
class
goals
for
the
Lehigh
Fund
and
Capital
Campaign.
(This
meeting
was
held
on
July
16,
2004.)
b.
This
set
of
minutes
with
attachments
will
be
mailed
by
August
6,2004
to
the
eleven
listed
Lehigh
Agents
requesting
agreement
to
serve
for
an
additional
three
years,
anticipating
a
reply
by
September
1,
2004.
c.
Randy
Zehner
will
contact
Bill
Erdman
to
enlist
his
support
as
a
communicator
in
addition
to
our
main
man
Pat
Moran
-
Class
Correspondent.
Bill
Erdman
will
be
invited
to
make
his
email
address
list
of
classmates
available
to
Lehigh
to
update
their
data
base.
d.
Rich
Santoro
agreed
that
the
Quarterly
List
of
Contributors
and
Monthly
Status
Report
are
feasible
from
information
within
the
Lehigh
data
base,
except
for
off
-
line
results
to
be
credited
to
phonathon
participants
or
other
individuals.
These
will
need
to
be
added
to
the
computer
generated
report.
Rich
agreed
to
provide
a
rough
draft
of
these
two
reports
by
our
next
meeting
on
August
12,
2004.
e.
Rich
Santoro
agreed
to
supply
an
approved
list
of
classmates
to
be
solicited
by
September
1,
2004.
f.
Rich
Santoro
agreed
to,
as
much
as
possible,
provide
addresses
of
those
graduates
who
benefited
from
scholarship
funds
provided
by
our
Class
of
1952.
There
are
nine
of
these
individuals
and
it
is
our
intention
to
contact
them
privately
and
request
a
statement
of
appreciation
which
can
be
used
as
an
endorsement
in
general
mailings
to
our
classmates.
It
would
be
helpful
if
their
class
president
or
class
agent
could
provide
the
current
status
of
these
recipients
in
order
for
us
to
personalize
our
request
for
an
endorsement.
3.
The
next
meeting
is
scheduled
for
1:30
P.M.,
August
12,
2004
at
the
Development
Office.
Respectfully
submitted,
Randy
Zehner
'52
AGENDA
July
9,
2004
Purpose:
Develop
an
on-going
campaign
to
solicit
fimds
1.
Establish
Campaign
goals
Enlist
and
support
a
team
of
LU
'52
solicitors
to
encourage
classmates
to
contribute
to
The
Lehigh
Fund,
the
LU
'52
Class
Scholarship
Fund
and
the
Capital
Campaign.
a.
Lehigh
Fund
1)
Raise
$100,000
for
year
2004/2005
2)
Our
class
raised
$100,495
last
year
and
$89,857
the
year
before.
We
raised
$129,127
in
the
2001/2002
campaign
for
our
50th
Reunion.
b.
Class
Scholarship
1)
Current
Endowment
6/30/04
a. Book Value = $40,310
b. Market Value = $194,623
c. Scholarship Budget = $9,680
2)
Goal
a. Increase Book Value to $400,000 by June 2007 the 55th Reunion, in three one year campaigns
1) 2004/2005 = $100,000
2) 2005/2006 = $100,000
3) 2006/2007 = $160,000
c.
Capital
Campaign
1)
Overall
University
goal
is
to
achieve
$500,000,000
in
a
campaign
which
began
in
2001
and
will
end
in
2009.
2.
Form
Solicitation
Team
a.
I
can't
locate
my
files
for
the
2003/2004
campaign
b.
Identify
Lehigh
Agents
c.
Request
Agent
Participation
d.
Form
Team
of
Lehigh
Agents
by
9/l/2004
3.
Create
an
approved
listing
of
classmates
to be
solicited
by
9/l/2004
with
current
home/business
addresses,
telephone
numbers,
e-mail
addresses
and
five-year
history
of
contributions
-
plus
other
pertinent
data
a.
Bill
Erdman
to
supply
his
list
of
e-mail
addresses
to
supplement
the
LU
Class
Data
Base
4.
Performance
Evaluation
a.
Create
Quarterly
list
of
contributors
by
12/31/04
1)
Name
of
Contributor
2)
Quarterly
and
year
to
date
results
a) Lehigh Fund
b) Class Scholarship Fund
c) Capital Campaign
b.
Create
Monthly
Solicitor's
Status
Report
by
12/31/04
1)
Lehigh
Agents
2)
Solicitation
Committee
3)
Phonathon
4)
Other
Contacts
including
student
callers
Breaking
out
Fund
Categories
-
Lehigh
Fund,
Class
Scholarship
Fund,
Capital
Campaign
5.
Endorsements
a.
Contact
prior
scholarship
recipients
requesting
letters
of
appreciation
and
endorsements
to
use
in
the
campaign
1)
need
addresses
and
status
by
9/1/04
6.
Channels
of
communication
-
Class
Column
in
Alumni
Bulletin
-
Bill
Erdman -
with
his
permission
-
Introductory
letter
to
classmates
by
10/1/04
-
Annual
reports
to
classmates
on
1011105
and
10/1/06
-
Special
report
-
January
1,
2007
7. A
personal
statement
The
role
of
Class
Agent
can
be
seen
from
two
perspectives:
That
of
the
University
Office
of
Development
which
puts
great
thought
into
how
to
organize
fund
raising
activities
and
those
who
do
the
fund
raising.
I
fully
support
the
current
approach.
From
my
point
of
view
as
Class
Agent,
I
have
a
few
needs
which
I
don't
believe
are
in
conflict
or
beyond
the
capabilities
of
the
Development
Office.
This
three
year
campaign
will
require
considerable
effort
on
my
part;
a
significant
allocation
of
time
and
close
attention
to
detail
and
follow-up.
The
solicitors
(Lehigh
Agents
and
Solicitation
teams)
need
to
be
supported
and
encouraged,
particularly
in
the
final
phase.
I
believe
The
Lehigh
Fund
and
Scholarship
Fund
goals
are
reasonable
and
achievable.
Revised:
December 05, 2009
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