Transcript Document
Class of 1977 Whole Damn Team Excellence in Service to the Virginia Military Institute The VMI Alumni Association VMI Foundation Inc. VMI Keydet Club VMI Development Board CLASS OF 1977 25th Reunion Fund Committee Meeting May 4, 2002 AGENDA I. Welcome II. The Future of the Institute A. Current Overview B. Future Opportunities "Reveille: A Call to Excel" IV. Class of 1977 Reunion Fund Campaign A. Chairmen's Remarks B. Plan 1. Goals 2. Letters/Personal Contacts 3. Schedule 4. Discussion and Assignments III. Reunion Funds A. 25th Reunion Fund History B. Methods of Giving V. Closing Comments VMI Budget All Sources Of Revenue 2001-02 Tuition, Fees, and Uniform Cost Comparison VMI State Assistance vs. Tuition VMI Alumni Association Board Elected by Alumni to aid in the promotion of the Institute Alumni Affairs New Cadet Recruiting Alumni Review As individual members (shareholders) elects Boards of Foundation, Keydet Club and Development Board VMI Foundation VMI Keydet Club VMI Development Board Raises annual money Raises unrestricted non-athletic Coordinates development for athletic endowment and fundraising efforts for scholarships VMI Raises endowment Receives endowment which can be used for academic Manages assets for athletic scholarships Provides annual support to the Alumni Raises money for Association and BOV Receives gifts for the Athletic Operation Fund (AOF) athletic capital projects Raises restricted endowment or athletic purposes Endowment Growth VMI Alumni Agencies The VMI Endowment Report A Snapshot of the VMI Spirit December 31, 2001 Total Aid to VMI FY '96 - FY '03 Assistance to the Corps Financial Aid Need Merit Specified Faculty Assistance Professorial Chairs Departmental Funds Athletics Scholarships Operational Funds Other Technology Equipment 25th Reunion Fund Purpose 28 Sept - Presentation, Reunion Weekend ƒ Dec. 2002 - Campaign Ends ƒ Participation Increase Support Structure Chairmen Committee Timing Qualifying 1 July 1997 - Credit Begins ƒ FY '02 - FY '08 ƒ Gifts All Contributions Annual Giving / Endowment ƒ Alumni ƒ Matching Gifts ƒ Friends ƒ HISTORY OF 25th REUNION FUNDS 1973 - 1976 Current Gifts CREDIT CARD 1234 5678 9012 VALID FROM GOOD THRU XX/XX/XX XX/XX/XX PAUL FISCHER PAUL FISCHER Cash Stock Real Estate Cash vs. Securities Assumptions: 36% income tax bracket 20% capital gains tax rate $4,000 cost basis in stock Cash Stock Gift $10,000 Income Tax Savings Capital Gains Tax Savings Cost of Gift $10,000 $ 3,600 $ ---$ 6,400 $ 3,600 $ 1,200 $ Deferred Gifts Bequest Life Insurance VMI Endowment Growth Fund Life Income Gifts 25TH REUNION FUND Gift Pyramid 25TH REUNION FUND Gift Giving Pyramid CLASS OF 1977 25TH REUNION FUND SCHEDULE May May 4,2002 Committee Meeting Committee Members Make Pledges June 1 Announcing Reunion Fund (Follow-up by Committee) June 20 (Follow-up by Committee) July Committee) August as Needed) September First Letter to Class Letter With Pledge Form "Big Toot" Letter (Follow-up by "Little Toot" Letter (Follow-up "Shake-a-Leg" Letter (Follow-up as COMMITTEE MEMBERS ARE REQUESTED TO: Make a personal commitment for our Reunion Fund Contact Brother Rats, either by telephone or in person: Encourage attendance at our Reunion Explain Reunion Fund program Answer questions Ask for commitments Follow-up as necessary. Foundation office will notify you of commitments by those on your list.