Beta Theta Pi - University of Minnesota

Fall 2019 Newsletter

Beta Pi Chapter of Beta Theta Pi at the University of Minnesota

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A P u b l i c A t i o n o f t h e b e t A t h e t A P i S o c i e t y o f M i n n e S o t A the betA Piper FALL 2019 CELEBRATING 130 YEARS OF BETA PI IMPORTANT ANNOUNCEMENTS FOR BETA PI THE CHAPTER HOUSE IS DRY In accordance with a decision from the General Administration, the Beta Pi Chapter house is now dry. We are passing this information along as the decision also applies to any and all alumni and alumni events held at the house, unless a licensed vendor with insurance is present to provide and serve alcohol. This means that alumni will no longer be able to bring alcoholic beverages with them when making visits to the chapter house. Thank you for your cooperation in this matter. KEEP IT CLEAN! To prepare for the fall semester, the Beta Theta Pi Society of Minnesota initiated a whole house cleaning as well as completed a few projects that carried over from the spring semester. In August, the Beta Pi Chapter house underwent a professional cleaning of all common areas. The spruce up included a polishing of the travertine in the living room, a strip and wax of the dining room VCT, carpet cleaning throughout all hallways and common rooms, and a cleaning of all bathrooms. Even the kitchen appliances received some TLC! We are also working with a handyman to do some minor repairs to the front door frame and sand/refinish the handrail on the front staircase. STAYING ON TRACK In the last few months, we have greatly reduced our expenses for emergency repairs. This allows us to better plan for long-term repairs and housing improvements. We are identifying additional projects to make the living space more comfortable and welcoming. We want to stay competitive with surrounding housing options and ensure the chapter house is a desirable option for our members. As of August 2019, the Beta Theta Pi Society of Minnesota holds assets of around $13,000. Our short-term outstanding debt is around $70,000. Our long-term debt, including our mortgage, is around $440,000. The majority of our long-term debt is for our University of Minnesota Foundation loan. In the future, we will be looking for options to consolidate our debt burden. MANY THANKS The Housing Corporation greatly appreciates your contributions, especially the capital campaign donations, and support to make this chapter a success. Yours in __kai__, Jack Liang '13 Treasurer Beta Theta Pi Society of Minnesota Jake Helms '07 Alumni Relations Committee Co-Chairman (605) 359-6904 The Ride of a Lifetime Bill Madden Jr. '86 on Biking and Beta F rom June 15 to June 21, Bill Madden Jr. '86 proudly represented Beta Theta Pi in the best bicycle ride of his life: Race Across Amer- ica 2019. This 3,080-mile bike race raises funds for the Leukemia & Lymphoma Society. "Teams came from across the world to compete and raise money," Bill said. "I was on an eight-person team, including one racer from Italy, another from Germany, and my older brother, Mike. The race was personal for our team, as the daughter of one of our cyclists has leukemia." The event took place across 12 states, beginning in Oceanside, Calif., and ending in Annapolis, Md. Bill's team finished the race in six days and 10 hours, raising more than $48,000. "Our biggest challenge was lack of sleep," Bill said. They aimed for five hours of sleep per night but found themselves averaging 2-3 hours instead; he noted that this was just a small reflection of the struggle those with blood cancers endure each day. "One of the most memorable and (Continued on page 2)

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