1. CLASS FUNDS (funds owned by Class)

1.1 Local Accounts in the Washington, DC area. Uses: Memorials at the       death of classmates and other class business.

   Capital One Checking:   $21,567

   RBC Dain Rauscher CD:  $10,322

                             Total:     $31,889 as of 1/31/12

1.2 Class Administrative Fund at the Association of Graduates (AOG).

This fund is used to pay the AOG for services to the Class such as mailing and printing and for reunion expenses such as buses and food.

            Account Balance:  $13,763 as of 1/31/12

2. Funds Held by the AOG For the Class

2.1 Class of 1954 Gift Fund

These are funds donated by the Class or others to the AOG and designated for the Class of 1954 Gift Fund. The funds are owned by the AOG and may only be used for gifts to the Academy or to the AOG.

              Account balance: $62,687 as of 12/31/11

2.2 Endowment Funds

The Class provided Endowment Funds for the Hi-Tech Classroom and for the Lucas Center. These endowments are established to maintain and upgrade both facilities.

Hi-Tech Classroom:                     $208,198 as of 12/31/11

Lucas Military Heritage Center: $176,563 as of 12/31/11