SUSTAINING THE CROWN
JEWEL OF BETA THETA PI
As the Alpha Chapter of Beta eta Pi, we have the added responsibility to be a great host, ambassador,
and role model for all Beta chapters who pass through the halls of Beta eta Pi in Oxford, Ohio.
-Jeff Newton '77, President of Forever Alpha Company
Please take a few minutes to virtually tour the house: miamibeta.org/house-tour
GOAL: CREATE A $300,000 CAPITAL
RESERVE FUND TO MAINTAIN THE BEST
HOUSE AT MIAMI AND THROUGHOUT BΘΠ ΘΠ
CURRENT STATUS
e renovation of the chapter house elevated Beta to the premier
house on campus and an icon throughout ΒΘΠ. anks to the
generous support of alumni in the Forever Alpha Campaign, this
project was a success.
THE CHALLENGE
e merged houses (200 and 208 East High Street) are both
structures that are over 150 years old. While they have been
renovated, they will require ongoing maintenance to maintain their
current appeal. Due to financial limitations, the Forever Alpha
Company has been unable to establish a capital reserve fund to
address ongoing maintenance and replacement of furniture and
appliances that will inevitably be needed.
OUR PLAN
Establish a capital reserve fund that will fund ongoing maintenance,
replacement of furnishings, and a house director position. As the
debt is retired, the Forever Alpha Company will be able to grow this
fund in the future.
Annual house maintenance expenses:
$30,000 to $40,000 per year
Appraised value of the house:
$7 million
Future improvements needed in the
next five to 10 years include gutter
and window replacement
Fund a house director position:
$45,000+ per year
One of the positive influences in the house is the live-in house
director, but the director takes space and space is money. To
permanently fund that position would take a great amount of stress
off the annual budget.
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