| NEWS FROM THE FUND FOR REUNION/PRINCETON BTGALA A Non-profit Association of Lesbian, Gay, Bisexual and Transgender Princeton Alumni, Students, Faculty and Staff P.O. Box 1481, Princeton, New Jersey 08542 |
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| Volume XIV, No. 1 | September, 2000 |
It's that time again when we plead, encourage, and generally cajole all you folks for dues. In light of our wonderful endowment results, you may think that we don't need the money, but that wouldn't be true. Our endowment is kept separate from our operating funds and we do not use it for our everyday expenses. Those expenses are met through your annual contributions. We hope that you will continue to support all of the work we do. Whatever pleases you most about us: communications about the University, reunions events, social gatherings, our support of the student organizations, our work with the University for greater acceptance of LGBT alumni and students, these things are supported out of our operating fund and these is funded with your contributions. Please renew your membership with a contribution!
TigerNet - Gotta Join!
TigerNet, a service of the Alumni Council, offers discussion groups, permanent e-mail addresses, online courses, and a directory of classmates to Princeton alumni. If you have access to the Internet, point your browser to http://tigernet.princeton.edu. Click on the button labeled "I'm a first-time user" and follow the directions. You will need your alumni records id-number, which you can find on the second line of your PAW mailing label or you can get by sending an e-mail request to pubcon@alumni.princeton.edu.
Pride-Net - Our forum!
Pride-Net was established and is managed by new FFR Board member Marcus Tye '90 and student Daniel Weitz '01. Topics have been wide ranging from the serious to the less so. Whether it's biological determinism, pitching in your 2 cents on circuit parties, or finding out about the latest lesbian party, Pride-Net is a way to engage in lively discussions with the Princeton community. In addition, we are hoping that the networking opportunities of the forum will be taken advantage of.
News Flash!
The Fund for Reunion, Inc. is extremely proud to announce that our endowment ended our fiscal year 1999/2000 at $729,000. At this date that value has slid back down to $709,000, still way ahead from where we were a year ago. Heads turned at the last Alumni Council meeting when we announced that we were close to $300,000, so we are very excited about announcing our current level to the University.
Endowment Hopes no Longer Just a Dream
For many years, FFR has hoped to ultimately do great things. Mind you, our accomplishments have been many and have had a significant impact on Princeton University, resulting in a better experience for LGBT students and alumni. But our larger goals of supporting lesbian and gay scholarship and a campus cultural center have remained untouched, aside from small grants given to support LGBT thesis research and our encouragement to include more LGBT content in existing courses.
Suddenly we are in a position to think seriously about our larger ideals. Our current estimate of the cost of endowing a chair at Princeton is around $2 million; no longer terribly far away. With the presence of such an endowment we will be under increased pressure from various quarters to spend the money.
We are entertaining ideas on how to best use our endowment, knowing that an endeavor of serious nature will take time to develop and to sell to Princeton. At present our favorite ideas are endowing a professorship or starting a center for LGBT studies. We have discussed setting up a pool of financial aid, but ultimately felt that it would benefit too few people.
Our ideas are as yet unformed. As we work on them, we will update you. In the coming two years, we hope to present to you concrete proposals that are likely to elicit the cooperation of Princeton University. In the meantime, we welcome suggestions, either related to these two notions or on a completely different one, and encourage the more academic minded among you to volunteer to help form proposals.
Thanks Brandon!
Brandon Fradd '83 has managed our endowment for the past three years. Brandon manages a biotech hedge fund - technically a private limited partnership. Hedge funds are subject to very significant fluctuations, so federal law restricts these funds to corporations and individuals who meet minimum income and asset requirements (way beyond the level of the average individual). Our endowment is invested in parallel with this fund.
Brandon's careful execution of a strategy focused on biotechnology companies allowed us to reap the very large surge in this industry while suffering little of the backslide very much in evidence this past spring. At the time of writing this article, our endowment is sitting at $709,000, down slightly from it's peak. Our investment strategy has been aggressive and as a result we have seen some fluctuations. Overall, the results have been brilliant and we thank Brandon for his work on behalf of the Fund for Reunion.
Securities are held in trust by Bank of America's brokerage operation Prime Broker at the direction of Brandon Fradd. The following graph shows our results for the past four years. As I have stated each year, there is no guarantee that future performance will match past performance.
1999/2000 Financial Report
Operating Fund
Opening Balance $6,351.41
Income
Dues and Contributions 3,730.00
Expenses
Newsletter 298.00
Reunions 650.00
15th Reunions Tent 4,525.00
Miscellaneous 129.79
Closing Balance* $4,688.62
Endowment **
Opening Balance $143,271.90
Gain/Loss ** 585,643.58
Closing Balance $728,915.48
Notes
* 1999/2000 was a generally quiet year. Only one fund raiser was held with a small contribution. Dues and contributions were nonetheless strong resulting in healthy income. Poor contact with the students this year resulted in no grants, interns or scholarships, a situation we intend to remedy this coming year. Reunions was quite a bit more expensive this year due to our co-sponsorship of the band Betty for the 15th Reunion Tent's Friday night gathering. While quite a success, there was a high cost to this collaboration and we will not be repeating this soon. We ended the year with our operating fund down $1,600.
** The 12 months ending in June of 2000 was quite a year on the stock market and an even better one yet for the Fund for Reunion! We started the year with holdings in our endowment fund valued at $143,000 and closed our fiscal year valued at $729,000, a net return of over 400%. Brandon Fradd '83 is our investment manager and manages our endowment as well as the investments of a number of high wealth individuals.
Dues Request
Please make check payable to the Fund for Reunion, Inc. and mail to: The Fund for Reunion, Inc.
P.O. Box 1481
Princeton, NJ 08542
Yes, I want to support The Fund for Reunion!
Enclosed is my contribution* of:
$10 Student Membership $25 Alum/Faculty Membership $______ Contribution
Name ____________________________ Class _______
Address _______________________________________________
City,State,ZIP _______________________________________________
E-mail _______________________________________________
Phone _______________________________________________
* All contributions are tax deductible to the extent allowable by law.
E-Briefs
Once you have enrolled, you will have a permanent e-mail address with Princeton - mail can be forwarded from this address to other addresses you have, or you can access it directly with your e-mail program.
Another service that has generated a lot of activity are the discussion groups. These are networks of users that communicate with each other via the Princeton server ("Listservs" to the e-literate). You send a note to the main address and everyone in the group gets a copy of that note. Discussion groups already active include the Career-Networking, Parent-Net, Nonprofit-Resources, and one of the more recent Pride-Net, a forum for discussion, networking, research, and advocacy of gay, lesbian, bisexual, and transgender issues.
Currently the Pride-Net community and the FFR community overlap but are distinct. We strongly encourage all of you to enroll in this vital service.
Questions about Pride-Net or Tiger-Net? E-mail Marcus Tye '90, tye@alumni.princeton.edu, or Daniel Weitz '01, danweitz@Princeton.edu.
by Shawn Cowls '87
Once again, I want to take a moment to talk about something outside of the Princeton sphere. November is rapidly approaching and with it an opportunity to exercise our right to vote. Voting is a right that sets us apart from so many other countries from so long. While the number of countries where citizens do not have the right do vote is diminishing, it is still hard to find a country where the vote is so respected and can accomplish so much.
Yet so many Americans do not vote. Either they assume that the outcome is predetermined, or they feel their vote doesn't count, or they can not see a real difference between the candidates. The truth this fall is that we have two very different candidates running for President. Our votes, or lack of them, could have ramifications for years to come on issues as basic and accepted as women's right to choose or issues far more cutting edge like the right for gay men or lesbians to marry each other or get citizenship for the foreign born partners.
I wouldn't presume to tell you how to vote, but I beg you to not only get out there and vote, but to encourage everyone you know to do so. Let's make this year's electoral turnout one of the best ever, or at least one of the best LGBT turnouts ever!
Write to us at PO Box 1481, Princeton, NJ 08542. For faster response, send e-mail to
Fund for Reunion
You can sign up for FFR/Princeton BTGALA using our mail form.
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This page was created by and for the Fund For Reunion. Information on this page is intended for individual communication of a personal nature among Princetonians. Use of this information for any other purpose is strictly prohibited. |
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Solely the Fund For Reunion is responsible for the content on this page. Although we make every effort to keep this information accurate and up to date, we cannot guarantee it. This page is maintained by Shawn Cowls '87.
The Fund for Reunion, Inc., is a 501c3 not-for-profit corporation
incorporated in 1986 independent of Princeton University with the goal
of improving Princeton's relationships with its LGBT community,
including alums, students, faculty, and staff. For more information,
visit our website at
http://tigernet.princeton.edu/~ffr-gala/
or send us an e-mail by going to the
Fund for Reunion Email page.
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