Beta Theta Pi - University of Minnesota

PAge 3 betA thetA Pi Evan Jobin '19 and Teddy Geraghty, Zeta Tau '18 met while studying abroad in New Zealand. Our members always enjoy a good game of broomball. Beta Pi's spring 2018 pledge class. B eta Theta Pi Society of Minnesota is now 1.5 years beyond the most significant chapter house renovations in our history. The top priority after the safety and wellbeing of our undergraduate members is paying down the loans associated with building improvements. We'd like to share a financial update so that you can understand how we are handling financial obligations and planning for the future. As of March 2018, we have a debt balance of $608,000, with a major portion of it due in the next four years. Since 2015, we've paid down more than $400,000 thanks to the generous contributions of our alumni and supporters, as well as rent collections of chapter members. We collect $9,000 in revenue monthly (rent to the chapter) and incur $7,500 in monthly expenses. At the time of this writing, we have approximately $12,000 in cash on hand. Unfortunately, new property issues continue to surface unexpectedly—though fewer than before our remodeling—and add further stress to our budget. To date, we have received 79 percent of all campaign pledges, totaling $755,000. We anticipate approximately $150,000 in pledged gifts to be made, primarily as multi-year The North Shall Increase capital campaign pledges from alumni are fulfilled. New donations and fulfillment of pledges will allow us to eliminate our debt in a timely fashion. There are multiple ways to make these gifts, including a tax-deductible option to the Beta Theta Pi Foundation in Oxford, Ohio. If you choose this option, please ensure your gift is designated to the Minnesota chapter. You may also send checks to our P.O. Box (Dinkytown Station-P.O. Box 13225, Minneapolis, MN 55414) or via www.betathetapisocietymn.org (look for a donation button). THANK YOU! Recent visitors can attest that our chapter house is much-improved since the renovation, making this a wise investment. The renovation also enables the active chapter to be successful in recruitment, culture, member retention, academics, etc. You can be proud of your association to Beta Theta Pi and Beta Pi Chapter. Thank you for your support. In _kai_, Jack Liang '13 Treasurer, Beta Theta Pi Society of Minnesota jliang42@gmail.com BQP Society Maintains Focus on Debt Reduction Driven by Alumni Support, Pledge Fulfillment NEW VOLUNTEERS JOIN ADVISORY TEAM Alumni of All Ages Are Encouraged to Join Our Team T he advising team has undergone recent advisory role transitions. Three of our long- term volunteers are stepping down to pursue other endeavors. I want to give a big thank-you to Alex Hill '11, Joel Livingood '11, and Ken McDonald '09 for giving their time to the chapter over the past several years. Welcome, New Advisory Team Members I am excited to welcome five new advisors to the team; alumni Brian Rappl '11 and Casey Kuenn '15 have come onboard, along with friends of Beta Jessica Chung, Anna Kytonen- Coffman, and Alex Brown. While the latter three individuals are new to the fraternity, they are happy to offer their time to advise the undergraduates. Additional Mentors and Volunteers Needed The new advising team is focused on building a strong relationship with the chapter and working to assist the chapter in pushing their Keystone goals forward. We are always looking for more volunteers to serve the fraternity. If you are interested in learning about volunteer and mentor opportunities, please contact me at cnclose@gmail.com. In _kai_, Colin Close '13, Beta Pi Counselor cnclose@gmail.com Devan Barth '21 Anoka, Minn. Karthik Bungolay '21 Denver, Colo. Finn Gundersen '21 Madison, Wis. Joshua Hoag '21 Maple Grove, Minn. Adam Leligdon '21 Lenexa, Kan. Sam Linden '20 Somerset, Wis. Jimmy Lipsey '21 Wilmette, Ill. Jonathan Riley '21 Minneapolis, Minn. Jack Schroder '21 Rosemount, Minn. Teja Upadhyaya '21 Woodbury, Minn. Welcome to the Brotherhood

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