Sigma Pi - Cornell University

Summer 2018 Newsletter

Mu Chapter of Sigma Pi at Cornell University, Educational Foundation

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Page 2 A s discussed earlier in this report, the Educational Foundation's largest investment this year was the Dining and Learning for the 21st Century project. During the last two years, the Foundation has generously received approximately $82,000 in restricted donations, which we contributed back to the project this year along with some additional funds from our portfolio. Our portfolio's size was reduced from $213,306 to $130,151, a de- crease of $83,155, primarily due to the Foundation's overall contri- bution of $110,489 toward the Learning Commons project. Invest- ment performance returned 11.92% on a net basis versus a similarly weighted composite index return of 11.53%. We continue to main- tain and diversify our holdings among liquid mutual and exchange traded funds with 75% of funds in equity, roughly 80% domestic and 20% international, and 25% in short-term fixed income and cash. The portfolio allocation was generally held constant throughout the year, although a reduction in our international holdings was implemented toward the end of calendar year 2017, as non-dollar currencies had moved significantly higher, and international equity markets became somewhat extended. We would like to thank all of our generous sup- porters this year for their gifts totaling $51,171. It is a bittersweet moment for me to send my final report as treasurer of the Educational Foundation. I took on the role while still in gradu- ate school at Cornell back in 2012 and am proud to have served in that capacity for the past six years in addition to my two years as president. I look forward to continuing to support our initiatives as a Foundation board member. Fraternally, Aaron Klein '12 Outgoing Treasurer A Prosperous Educational Foundation The Patane Family Albert Beck '52 Winthrop Cody '55 Peter Romeo '55 Angela and Douglas Parker '56 Jim Keene '57 Richard Boerner '60 Bert Harrop '61 James Unckless '66 Arthur White '66 Kevin Fountain '68 Walter Knox '71 James Boland '73 William Strusz '73 Bert Hurlbut '74 James Kraker '74 Jeffrey Craver '75 Mark Cunningham '75 John Morrison '75 Tom Garr '76 Peter Cady '77 John Christoforo '77 Jim Franz '77 Robert Ruhlman '78 Kent Sheng '78 Sandy True '78 Steven Bergh '79 Kay and David D'Orlando '79 Gordon Pugh '79 Robert Novo '79 Thomas Cherner '80 Neal Douglas '80 Wayne Forman '80 Kurt Rasmussen '80 Jarett Wait '80 John Altmeyer '81 Joseph Ruocco '81 Tom Silver '81 Ford Fay '82 James Garr '82 John Roche '82 Joshua Weinrich '82 Michael Feiertag '83 Dennis McNamara '83 Steve Novak '83 Scott Wilson '83 Alexander Deyle '06 Aaron Klein '12 Connor Riser '16 Honor Roll of Patrons T he Mu Chapter of Sigma Pi Educational Foundation would like to thank and recognize the following generous donors who made contribu- tions from July 1, 2017 to June 30, 2018. Foundation Sees Financial Success Due to Alumni Support Shay Doshi '19 reads aloud to a group of second- graders at a College Mentors for Kids activity. Construction on the Learning Commons at the chapter house began in June and will be complet- ed in time for the fall semester. Undergraduate members and fellow guest speakers listen to Jesse Hammerman '83 during the Entrepreneurship Conference in April.

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