Class Committee Meeting, 08/01/18
Treasurer Dick Zwetsch reported that during the past year,
175 classmates (including 28 from Radcliffe) paid dues totaling
$7,140. The number of classmates giving was slightly higher than
the 5-year average and the dollar amount was slightly higher.
Income for the 12 months ending June 30, 2018 was $7,140.00 with
expenses of $8,827.49 resulting in expenses exceeding income by
$1,687.49. The primary expense continues to be the printing and
mailing of the Fall and Spring Addendums. Expenses for the BURP
luncheons in Boston were about the same as the previous year due
to audio-visual charges. Expenses for the New York luncheons were
down slightly from the previous year. The cash position was $20.808.71
as of June 30, 2018.
The Class Committee voted to keep class dues at $35.00
Class Assistance Fund Report:
Treasurer Dick Zwetsch and Chairman David Wise reported
that during the past year there were five gifts to three different
classmates totaling $11,000. 54 gifts were made in memory of deceased
classmates totaling $1,350. The Fund received non-tax deductible
contributions of $4,740 from 63 classmates (including $300 from
four Radcliffe classmates) compared to $5,425 from 93 classmates
last year and $4,895 from 81 classmates the previous year.
The Fund, since it started, has received contributions totaling
$91,407 from 264 different classmates and has made gifts of $76,633
to 42 different classmates and 301 Memorial gifts totaling $7,525.
The Class Committee voted to continue to solicit taxable donations
of support for the Class Assistance Fund. If the fund comes close
to being depleted, treasurer Zwetsch suggested that we dispense
with gifts in lieu of flowers.
Harvard College Fund report:
Participation Co-Chair Dick Marson provided the numbers
for FY 2017 for our Class Fund Agents
Carl Goldman, Bill Lawrence, Peter Malkin and
David Watts, as well as Co-Participation Chair Jim Carter
and John Harvard Chairman Jim Barrett. The Class contributed
in gifts and pledges $447,582 to the Harvard College Fund. There
were 247 donors, representing 39.03% of the Class. 15 Associate
Donors gave $1000 or more.
Harvard College Fund Update
Lucy Schuldt and Miriam Perez Putnam, our Harvard College Fund
liaisons, report that as of February 28, 2018 the class has gifted
or pledged $270,577 from 177 donors (24.9%). There are currently
Stay tuned! And if you havent contributed they hope you will
Harvard College Fund Progress (as of Tuesday, January 23)
Current Gifts and Pledges: $187,607 (almost $80,000 increase from
Current Participation and Donors: 164 donors (22.95%)
Current Associates Donors: 39
Financial Matters Class Committee Meeting, 08/02/17
Treasurer Dick Zwetsch directed those present
to his written report. During the past year, 214 classmates (including
33 from Radcliffe compared to 14 last year) paid dues totaling $8,225.
The number of classmates giving was slightly higher than the 6 year
average and the dollar amount set a new high. Dues were increased
Income for the 12 months ending June 30, 2017 was $10,327.09 with
expenses of $8,227.61 resulting in income exceeding expenses by
$2,224.43. The major change was the Miscellaneous Income of $1,986.04,
which represented the inclusion of the previous separate Secretary's
Renny explained that he had closed out his Secretary's account as
the bank was now charging $10/month, while interest accumulated
at only $.02 /month. The account was primarily used for expenses
related to five year class reunions.
Expenses for the BURP luncheons in Boston and New
York were up, combined about $800, in Boston by higher that expected
audio-visual charges and in New York by increased costs. The cash
position was $22,496.20 as of June 30, 2017.
Upon a motion duly made and seconded, it was unanimously
VOTED: to accept the Treasurer's report and place it on file.
The Committee thanked Dick for his continued fine
job in managing the Class treasury, and distributing information
to Committee members.
Harvard College Fund report:
Participation Co-Chair Dick Marson provided
the numbers for FY 2017 for our Class Fund Agents Carl Goldman,
Bill Lawrence, Peter Malkin and David Watts,
as well as Co-Participation Chair Jim Carter and John Harvard
Chairman Jim Barrett. The Class contributed $206,046 to the
Harvard College Fund. There were 286 donors, representing 40.02%
of the Class. 57 Associate Donors gave $1000 or more. Dick initiated
a day-long phonathon at the Harvard College Fund's office in Cambridge
which proved successful, and he plans another in the future. Dick
thanked. all Harvard and Radcliffe classmates who made calls on
behalf of the Class.
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."