Maintenance Endowment
Ordinary maintenance and cleaning is covered in the undergrad-
uate annual budget. Our multi-million-dollar facility requires and
deserves a proactive maintenance plan. We have calculated that
$500,000 invested prudently would sustain a proactive mainte-
nance budget of $25,000 annually to fund extraordinary repairs
and asset maintenance on an ongoing basis.
Total Estimated Cost: $500,000
Financial Stabilization
Beta Upsilon owns two beautiful buildings in a historic district
that have never undergone major renovations. However, in recent
years the Beta Upsilon Association was forced to take on signifi-
cant debt to address critical issues, such as new roofs on both
buildings, significant exterior envelope work to address water is-
sues, new windows, improvements to correct deficiencies in life
safety systems, and improvements to kitchen and bath to address
unsanitary conditions. These updates have resulted in $600,000
of debt.
To amortize the existing debt requires approximately $4,000 per
month. Our plan calls for alumni assistance over the next five years
to reestablish a firm financial footing by eliminating this debt.
Total Estimated Cost: $600,000
BETA THETA PI I M A S S A C H U S E T T S I N S T I T U T E O F T E C H N O L O G Y
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Our plan
