Our talented and cost conscious webmaster Bud Helfant points
out, "if some classmates should inquire why $5,583.15 is needed
'to cover the cost of purchasing and maintaining our own class website'
you might want to point out that the cost for the first year totals
$196.95 with anticipated cost for each of the following two years
of ca. $34.95."
Treasurer Dick Zwetsch has received the final
accounting for our 60th Reunion and 60th Harvard/Radcliffe Reunion
Report and Chap Book from the Harvard Alumni Association.
Reunion expenses totaled $73,062.21. Registration revenue totaled
$65,584.21, which produced a deficit of $7,478.00.
The cost of 60th Class Report and Chap Book, provided a surplus
As in the past, the surplus was used to cover the reunion deficit
which produced a total surplus due to the Class of $5,583.15.
Dick noted, "We will use the surplus to cover the cost of purchasing
and maintaining our own class website," http://www.harvardclassof1955.org/
Bob Blacklow, Renny and Jean Little and David
Wise join Dick in thanking all classmates for contributing to
the Reunion, 60th Class Report and Chap Book.
Dick reports that the Class is in good financial shape to start
the New Year.
Treasurer Dick Zwetsch reports that the Class is in good
financial shape and thanks all who contributed to the recent request
for class dues.
David Wise and his committee also thank contributors to the
Class Assistance Fund (CAF).
Harvard College Fund
Dick Marson reports that as of December 12, 2012 our class has
raised $84,460 in gifts and pledges
with a participation rate of 26.4% for the current 2012-2013 year.
He wishes to thank all those who participated in the fall phonathons
in Boston and New York, and sends
his best to all for the holidays and a happy and healthy New Year.
Class Treasurer Dick Zwetsch reports that during the past
year 218 classmates (including 12 from Radcliffe) paid dues totaling
$6,980. The number of classmates giving was down 14% from a year
ago but the dollar amount was the highest in the past 7 years, reflecting
the increase in dues to $30. Income for the year ending June 30,
2011 was $6,980.00 with expenses of $8,469.55 resulting in expenses
exceeding income by $1,489.55.
The cost of printing and mailing the Addendum continues
to increase about $200 a year. Expenses for the two New York luncheons
of $381.90 were less than the guidelines approved at last years
Class Committee meeting. Miscellaneous expenses included $810 for
the projector used at BURP luncheons, which will save money going
forward. (The Harvard Clubs rental fee for a projector was
over $350 per one-time use.)
The cash position of $20,164.84 as of June 30,
2012 is down from a year ago, reflecting that expenses exceeded
income. No capital expenses are projected this year, and so
we expect to break even. Dick indicated that no capital expenses
are projected this year so we expect to break even.
The Addendum has gone to press with a suspense date of the
first week in September.
Dick Zwetsch reports that During the 2009-2010 academic year,
181 classmates (including 14 from Radcliffe) paid dues totaling
$5,345. This continued the decline in classmates contributing, first
noted the previous year. The dollar amount was up slightly from
last year but down from previous years.
Income for the year ending June 30, 2010 was $5,694.50 and expenses
of $7, 480.38 resulting in expenses exceeding income by $1, 785.88.
Investment income was down, and the Yale game bus lost money as
fewer members took the trip, and unexpected expenses at the final
BURP luncheon resulted in a larger loss than expected.
Despite the year loss the cash position as of June 30, 2010 was
$22,000.92. CDs were not renewed to have funds available, if needed,
for the reunion.
Several trends which we should recognize. The number of classmates
will continue to decline, an uncertain economic climate for the
foreseeable future will adversely affect dues and contributions
and low interest rates will limit our potential investment income.
He feels that our current level of activities are reasonable and
appropriate will result in a slow erosion of our strong financial
As of November 11, 2010 229 classmates have contributed
$5,910, which is ahead of last year at approximately the same date.
86 classmates have contributed $5090 to CAF, which is also ahead
of last year.
Harvard College Fund Report:
The Class raised $8,596.517 for its 55th Reunion gift from 553 donors
representing 59.1% of the Class. Both figures surpassed the fundraising
and participation goals set by the Class. Thanks to all classmates
who participated in the effort, along with the able assistance of
Vicky Cabot and Lauren Roller from the HCF office.
Class Assistance Fund (CAF):
Chairman David Wise reports that during the
past year, (July 1, 2009 to June 30, 2010) CAF made two gifts totaling
$4,600 to two different classmates. In addition six gifts were made
in memory of deceased classmates totaling $150, all to specific
charities designated by the classmate's family.
The Fund received non -tax deductible contributions of $3,285 from
62 classmates (including $170 from five Radcliffe classmates) compared
to $4,085 from 68 classmates last year and $6,145 from 96 classmates
the previous year. The '10 total was the least amount since the
The Fund, in its 15th year, has received a total of $46,785 from
201 different classmates and has made "unexpected gifts"
of $40,808 to eight different classmates and 57 Memorial gifts totaling
$1,425. As of June 30, 2010, it has a current balance of $7,831,41,
ably maintained by the Class Treasurer Dick Zwetsch.
Recently, the Committee added two new members. Phyllis Yood Beineke
and Jean Hardy Little.
And a very happy Thanksgiving to you and yours.
Regina Gittes Greenspun, who chaired the reunion fundraising
for Radcliffe '55's 55th reports that donations to Radcliffe's Schlesinger
amounted to $27,600 and those to the Harvard College Women's Center,
$11,000. "Many thanks from Radcliffe '55 to our Harvard classmates
who contributed so generously to our two fund-raising projects."