December 17, 2015
After a long, difficult journey, Iowa State Triangle is no longer homeless! That’s right, beginning with the Fall 2016 semester, Triangle will occupy the SAE house at 140 Lynn Ave. Almost a year ago, we began discussions with SAE (who were suspended from ISU for at least four years) about renting their house. Timing, financials, and other factors made it unfeasible at that time. The opportunity re-surfaced in October when SAE contacted us again. The alumni board and the actives put in a great deal of work in the last two months to create a feasible plan that works for both parties. Triangle and SAE have reached agreement on the key parameters and executed a Letter of Intent while the lease instrument itself is developed. This is great news for Triangle at Iowa State. The guys will now have a home where they can strengthen their brotherhood and it should assist their recruiting efforts as well. It’s a beautiful house, located in the heart of the Greek community. It’s been a lot of work to get to this point and we still have much more to do. We’ll share more details after the holidays.
The new house is a good opportunity to remind you of the Chapter Endowment Fund (CEF). One and one half years ago we launched the CEF to establish an endowment which would annually provide funds to directly support education opportunities for the Iowa State colony. Our goal was to secure $100k in donations. An endowment of that size will produce approximately $5,000 annually in support. We launched the CEF at our 50th Anniversary Celebration and announced that we had already secured $45k from four brothers that had agreed to jumpstart the fund. Disappointingly, one of those commitments hasn’t been honored. Currently the fund stands at $74,600. So we have achieved 75% of our goal.
The endowment has already benefitted the Iowa State members. Using CEF funds, some of our brothers were able to attend Triangle’s Leadership Training Weekend as well as a Regional Leadership Conference this year. These events provide focused, hands-on training that not only benefits the men, but the entire colony. Nate Perkins, the colony President, said the events were valuable experiences and he hopes to be able to send more members to future training. CEF funds can also be used for any education-related expense in the new house such as study areas and supporting technology.
To the 32 brothers out of 400+ living alumni of the Iowa State Chapter that have donated to the endowment, I thank you very much. That’s right, only 8% of our alumni have contributed. That’s disappointing, and frankly, completely contrary to what I expected. I’m pretty certain all of us would say our experience at Triangle benefitted us in our personal and professional lives. I’m also pretty certain that, in part because of Triangle, we can spare a couple hundred bucks to give back. After a difficult time, Triangle is back at ISU. This community that was such an important part of our lives when we were young will continue its legacy of positively influencing and benefitting young men. The Alumni Board has expended a great deal of time and effort toward re-establishing Triangle at ISU. I understand that many of you are not able to donate time to help the new colony, but would you please consider donating some money - even a small amount - to show the undergraduates that they have a large portion of their alumni brothers standing behind them supporting their success?
If after reading the other two previous request letters you set them aside to deal with later and then forgot about them, I ask you to write a check immediately this time. I’ve included instructions below. The donation is completely tax deductible, so you can help Triangle and your 2015 taxes! Please help get this across the finish line so we don’t have to spend any more effort on this and we can focus our efforts on the other activities needed to help the undergraduates succeed.
Thank you for your consideration. Go Clones!
John P. Pritchard
Write a check to “Triangle Education Foundation” and put “Iowa State CEF” in the memo field. Mail it to Triangle Education Foundation, 120 South Center St, Plainfield, IN 46188-1214.
FYI: You can also donate stock directly from your investment accounts. Donating stock allows you to avoid capital gains on the stock. So it’s a great way to benefit Triangle and avoid capital gains taxes!