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TO BELIEVE IN THE LIFE OF LOVE,

TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE, TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE,tO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE, TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE, TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE, TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE, TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE, TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE, TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE, TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE, TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE, TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE, TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu This is the Creed of our Fraternity TO BELIEVE IN THE LIFE OF LOVE, TO WALK IN THE WAY OF HONOR, TO SERVE IN THE LIGHT OF TRUTH This is the Life, the Way, and the Light of Sigma Nu - This is the Creed of our Fraternity


sigma nu AT

AUBURN

Since 1890, Sigma Nu has been an influential force within Auburn University, across Alabama and even throughout the world. Over 2,600 men have experienced the many benefits of becoming a part of our Sigma Nu Brotherhood. We’ve become better men, made lifelong friends, and become part of a bond that serves us well in all our life’s endeavors - all this through our Sigma Nu chapter experience.

Our Recent History In 1957, Sigma Nu moved from what is now Mell Hall, just east of the quad, to our current location on West Magnolia. That contemporary building cost $120,000, and was paid for in equal portions from the sale of the Mell Street house, contributions from alums, and a mortgage. A major renovation was completed during the summer of 1975, and the house remained virtually unchanged for another 20 years. Finally, in the late 1990s, the 40-year-old wood frame structure was replaced first by today’s party barn in the Lower Forty, and soon thereafter by a durable concrete and steel main house that we enjoy today.

“Remember that all of us have benefited from the work, sacrifice, and generosity of those who went before us.”


OUR INITIAL

CAMPAIGN

Today’s house cost more than $1.7 million. Led by House Corporation President Dick Mullins and Frazier Hollis, we raised $700,000 from alums and borrowed $1 million. Since then, our chapter has grown in both size and strength. In those 12 years, we’ve excelled in every area by which a fraternity can be measured– - academics, campus leadership and politics, social activities, athletics, and – most importantly - brotherhood. We continue to produce alumni who are leaders in their corporations and communities and who make significant positive contributions to everything they are involved with. Most importantly, our unique brotherhood within the chapter and across our alumni generations remains as vibrant as ever.

Our Current Needs Several years ago, our undergraduate members expressed a desire for an expanded dining room. This was necessary because the chapter had grown considerably since the new house was constructed 12 years ago. More recently, fire codes have mandated the installation of sprinklers by next August. We also have some normal twelve-year maintenance issues that need to be addressed, and an $850,000 mortgage balance that needs to be reduced. Debt reduction will allow chapter rents to remain competitive while still being able to accumulate savings beyond mortgage and insurance payments.


OUR CURRENT

NEEDS

To meet these needs and to build Beta Theta’s future at Auburn, we want to raise $1.25 million. This will provide for the required fire sprinklers, expansion of the dining room, and necessary house maintenance. It will also allow us to retire some debt and provide a reserve fund for future capital needs. Our $1.25 million goal has three broad objectives - bricks and mortar, debt retirement, and financial reserves.

Campaign Overview – By the Numbers

Bricks and Mortar

Sprinklers

$150,000

Dining Room Expansion

$250,000

$100,000

Twelve year house-wide maintenance

$500,000

Debt Reduction

From current balance of $850,000

$500,000

Reserves for Future

$250,000

_________

Total Campaign Goal

$1,250,000


Unique Campaign

FINANCING

This campaign is being administered by the Sigma Nu Educational Foundation. Partnering with the Foundation provides a unique opportunity to loan the money to ourselves using essentially a revolving fund arrangement. Non-deductible contributions to the campaign will be transfered by the Foundation to the House Corporation, and deductible contributions can only be loaned.

While all campaign contributions are helpful, the non-

deductible gifts allow us to pay down debt rather than exchange it. As the chapter pays itself back through rent collections, about half the interest will be granted back to the chapter and made available for the House Corporation to award as scholarships to high-achieving brothers. It could also be used to fund educational experiences such as pledge trip pilgrimages to Lexington. The other half of interest paid will grow during the course of the payback period, so that after 20 years, deductible contributions will have grown to 1.8 times their value today. In other words, if the $1.25 million campaign has $500,000 in deductible contributions, after 20 years we can re-cycle $900,000 again.

By using the Foundation to administer this campaign,

we greatly reduce the need for future campaigns of large magnitude.

This is truly good stewardship.


, that you operationally .” portant own way im concerns ’s It “ pay their ONLY capital d they with deals understan mpaign ca this and that

TODAY’S collegiate

CHAPTER

Our chapter has grown to routinely have about 130 members. We now typically start the fall with between 90 and 100 brothers and 40 –-45 pledges. If a pledge has not made a 2.50 GPA before the beginning of the next fall semester, he is not initiated.

Our undergraduates are paying their bills to the House Corporation, to national, and to local merchants and vendors. Each month, the House Corporation receives an audited statement of the undergraduate account from local accountant Don Chastain, Beta Theta 1490. Our house bills and meal plans are slightly more expensive than most fraternities on campus, and competitive with all. Annual insurance and liability expenses exceed $120,000, and this is typical for a fraternity our size. The annual budget for the undergraduates is about $550,000. It’s important that you understand they pay their own way operationally, and that this campaign deals with only capital concerns.

We have had a resident Housemother for many years. Our current Housemother, Margaret Melzer, has been with us more than two years. You can read an article she wrote a year ago for the newsletter by going to our website, www.sigmanu-auburn.org. Housemothers bring many positive aspects to the chapter including the Mother’s Club, and “Dinners with Mom.” We are grateful for Miss Margaret’s presence.

We have many members in campus leadership positions. The past several years have seen Sigma Nus as members of Spades; Squires; both President and Treasurer of the IFC; SGA Senators and cabinet officers; members of academic honoraries Phi Kappa Phi, Mortar Board, and ODK; leadership honoraries Phi Eta Sigma and Lambda Sigma; and numerous other organizations. We have several members involved in Campus Crusade for Christ leadership positions on campus and within the chapter. You can be proud of our undergrads, their leadership, and their character.


ALUMNI

LEADERSHIP

Beta Theta of Sigma Nu has a strong heritage of alumni leadership. Dick Mullins began this project and served as House Corporation President 17 years. Most of the current House Corporation has been in place 10 or more years. More recently, Scott Smith and Dennis Pinkard, both retired from the Navy, have separately moved to Auburn and taken leadership roles with a newly formed Alumni Board. Three years ago, long time Chapter Advisor John Burgess received the Sigma Nu national Chapter Advisor of the Year award, and this past summer at College of Chapters, current House Corporation President Maury Gaston was recognized as national House Corporation Officer of the Year. If you would like to get involved in alumni leadership either in Auburn or within your local community, please let us know. There are many opportunities.

Leadership Giving Those brothers who contribute a total of $25,000 or more in the combined campaigns of 12 years ago and now, will receive special recognition of a sport coat embroidered with the Sigma Nu coat of arms. A number of these were presented at our campaign kick-off on October 6. This unique and tasteful gift will be a reminder to you and your brothers of your generosity toward the fraternity. Future recognitions will occur at Homecoming or other alumni gatherings. “Beta Theta alumni have volunteered and held leadership positions with both Auburn University and the Auburn University Foundation.�


Campaign and Giving Dynamics Many alumni do the math and say that since we have almost 2,000 living alums, if each gave $500, we would raise $1,000,000. While that is true, it is not a reasonable expectation. Some campaigns succeed with only about 10% participation, and most have 20%. Our goal for this effort is 30% participation, or about 600 of our living alums. Our campaign of 12 years ago received contributions from 331 members. When we close this project, we want to have both broadened the base and deepened the commitment. Will you be a part of that?

Grass Roots Leadership is Essential To accomplish the 30% participation rate with deep commitment, we need for brothers who know one another well to step forward and volunteer to speak with five to ten of their closest brothers. An opportunity to volunteer to make those calls is available through the enclosed DVD, on our website, and in the response card. This is a great way to leverage your own gift. Don’t worry, you’ll have the opportunity to be well trained by speaking with campaign leaders when preparing for this task.

how much should i give? Many alumni ask campaign leadership “How much should I give for this campaign?” There are many issues involved in that answer including income, stage of life, asset wealth, etc. After thoughtful consideration and in light of what fraternity relationships mean to most alumni, a common conclusion is that one month’s salary spread over three to five years is an appropriate cash commitment to a once-in-ageneration capital campaign. Such a commitment represents between three and less than two percent of cash flow over the three to five year commitment period. Such an amount is usually easily handled with minimal budgetary impact through automated monthly payments. Several payment options are available now. Regardless of the amount, all gifts are welcome.


Campaign

LEADERSHIP Honorary Chairman J. Gorman Houston, ‘51

General Chairman Maury D. Gaston, ‘78 mgaston@acipco.com 205-325-7803

Vice Chairmen Howard B. Nelson, ‘66

Cary S. Chandler, ‘78

R. Courtland Williams, ‘99

Area Chairmen Carl C. Sharpe, ‘66

Gaines Thomas, ‘69

Robert S. Craft, ‘71

Thomas M. Glanton, ‘83

Gary W. Davis, ‘81

K. Ted Wilson, ‘61

Jim Sprayberry, ‘71

Bill Murphree ‘68

Sonny Cone, ‘69

Walter E. Hargrove, Jr., ‘62

Patrick L. W. Sefton, ‘90

W. Bailey Bowline, III, ‘64

Michael F. Swick, ‘67

House Corporation

Chapter Advisor

Maury D. Gaston, ‘78 – President

John R. Burgess, Jr., ‘67

Patrick L. W. Sefton, ‘90 - Vice President Walter E. Hargrove, Jr., ‘62 - Treasurer

Alumni Advisory Board

Robert E. Lowder, ‘61 - At-large Scott E. Smith, ‘78

Will Searcy, ‘00 – At-large

Campaign Consultant Brett C. Dyess Sigma Nu Educational Foundation, INC. brett@renaissancedp.com 317-250-7718


METHODS OF

GIVING

TAX -DEDUCTIBLE GIVING :

PLANNED GIFTS :

In order to allow some or all of major gifts to be tax-deductible for the

It’s never too late to plan for the future. By including Beta Theta

donor, Beta Theta has established a Beta Theta Chapter Educational

chapter in your estate or will, you make a lasting gift that will impact

Fund account with the Sigma Nu Educational Foundation, Inc., “Foun-

your fraternity for a generation beyond your own. Many of our senior

dation”. Donations given to the Beta Theta Fund at the Foundation

alumni have found this an attractive way to leave a significant gift for

may be transferred to the Beta Theta Chapter House Corporation for

the future of Beta Theta without interrupting current personal cash

only educational expenses of the housing project. The Sigma Nu Edu-

flow needs. A bequest, paid-up life insurance, charitable gift annuity or

cational Foundation, Inc. is a charitable, 501(c)(3) organization and

naming the Foundation’s Beta Theta Fund as a beneficiary to a 401-k

contributions to it are tax-deductible to the extent allowed by law.

plan are just some of the examples of planned giving that can be made to the campaign. A bequest equal to between 2% and 5% of an estate

IF A TAX DEDUCTION IS NOT NECESSARY :

is often the amount selected by a donor. An opportunity to receive

Approximately seventy (70) percent of the project will not be consid-

further contact about this is also available through the enclosed DVD,

ered educational in nature, so only about thirty (30) percent of the

on the website, and in the response card.

project will be deemed deductible. If tax deductibility is not critical for you, please consider directing your entire donation or at least part of

HOW TO MAKE A GIFT :

it as non-deductible. This will allow us to pay down more debt rather

Complete the enclosed Pledge Form designating how and when you will

than exchange it.

make your gift(s) and when you would like to receive pledge reminders. Please return the Pledge Form [and first payment(s) if possible] in the

A FIVE-YEAR PLEDGE PERIOD :

envelope provided. Should you have any questions please contact Brad

While donors are encouraged to provide early and generous support,

Hastings at the Sigma Nu Educational Foundation at (540) 463-1869,

donations may be made over a five-year pledge period. You will be

e-mail: brad.hastings@sigmanu.org, or our campaign leadership.

mailed payment reminders. You can also request automatic drafts for your convenience and to ease budgetary impact. The House Corporation will have to obtain a construction loan during the pledge period. Early collection of donations will reduce borrowing costs associated with the project and allow the construction to be completed sooner. GIFTS OF STOCK : Some donors may find that they are able to enhance their giving capability by making a donation of appreciated securities. These donations often provide significant tax advantages to the donor. Donors interested in this method of giving should consult their tax or investment adviser. The Foundation can help facilitate your stock

“Beta Theta’s fraternity experience teaches qualities not found in the classroom to help better prepare our men for life: leadership,

donation.

character, teamwork and commitment to excellence. ”


For additional information regarding the Beta Theta of Sigma Nu campaign feel free to contact Brad Hastings Sigma Nu Educational Foundation, Inc. 9 Lewis Street P.O. box 1869 Lexington, VA 24450 (540) 463-1869 brad.hastings@sigmanu.org


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