1. CLASS FUNDS (funds owned by Class)

1.1 Principal Accounts in the Washington, DC area.  Uses:

1.1.1 Flowers & contributions as memorials at the death of classmates.

1.1.2 Conducting Class business. 

FBR Mutual Funds (Money Market)      $8,821.25

RBC Dain Rauscher CD                         $10,666.94

                                                                 $19,488.19

There is $19,488.19 in these two accounts as of 9/30/08.

1.2 Class Administrative Fund at the Association of Graduates

This fund is used to pay the AOG for services to the Class such as mailing expenses and for reunions expenses incurred at West Point such as buses and food.

There is $16,889.02 in this account as of 9/30/09.

1.3 The grand total of Class Funds is $36,377.21 as of 9/30/08

2. CLASS OF 1954 GIFTS TO THE AOG (funds owned by AOG)

2.1 Class of 1954 Gift Fund

Funds donated by the Class or others to the AOG and designated by the donor for the Class of 1954 Gift Fund. These funds, owned by the AOG, may only be used for two purposes:

2.1.1 Gifts to the Academy.

2.1.2 Gifts to the AOG for its own use. 

Our Class’s four gifts to the Academy to date: Reviewing Stand, Lucas Scholarship, Hi-Tech Classroom, and Lucas Military Heritage Center were all funded by the Class of 1954 Gift Fund.

The Class has not yet made any gifts to the AOG for use .

There is $92,503.55 in this account as of 9/30/08. You are asked to continue to make contributions to the Class of 1954 Gift Fund. At our 55th and 60th Reunions the Class will want to have funds available for Class gifts to the Academy and/or the AOG.

2.2 Endowment Fund

The Class also provided an Endowment Fund as part of the gift of the Hi-Tech Classroom. This endowment was established to upgrade the classroom as new technologies emerge.

This endowment began with a gift of $161,500.00. Since 1996 it has dispersed $84,354.49 in grants for the classroom. The principal value of the endowment as of 9/30/08 was $203,345.21