1. CLASS FUNDS (funds owned by Class)

1.1 Principal Accounts in the Washington, DC area.  Uses:

1.1.1 Flowers & contributions as memorials at the death of classmates.

1.1.2 Conducting Class business. 

FBR Mutual Funds (Money Market)      $20,935

RBC Dain Rauscher CD                           $10,599

There is $31,534 in these two accounts as of 9/30/09.

1.2 Class Administrative Fund at the Association of Graduates

This fund is used to pay the AOG for services to the Class such as mailing expenses and for reunions expenses incurred at West Point such as buses and food.

There is $14,123 in this account as of 9/30/09.

1.3 The grand total of Class Funds is $45,657 as of 9/30/09

2. CLASS OF 1954 GIFTS TO THE AOG

2.1 Class of 1954 Gift Fund

These are funds donated by the Class or others to the AOG and designated by the donor for the Class of 1954 Gift Fund. These funds, owned by the AOG, may only be used for gifts to the Academy and gifts to the AOG for its own use. With our presentation of the Lucas endowment, the '54 Gift Fund is depleted.

Our Class’s five gifts to the Academy: Reviewing Stand-30th Reunion, Lucas Scholarship-35th Reunion, Hi-Tech Classroom with Endowment-40th Reunion, Lucas Military Heritage Center-50th Reunion and Lucas Military Heritage Center Endowment-55th Reunion; all were funded by the Class of 1954 Gift Fund.

2.2 Endowment Funds

The Class provided Endowment Funds as part of the gift of the Hi-Tech Classroom and as a separate gift for the Lucas Center. These endowments are established to upgrade both facilities as new technologies emerge.

This Hi-Tech Classroom endowment began with a gift of $161,500.00. Since 1996 it has dispersed $93,156 in grants for the classroom. The principal value of the endowment as of 12/31/08 was $166,772. In Academic Year 08-09 income of $9,162 was gifted to USMA. The endowment to support the Lucas Center was initiated as the 55th Reunion gift and funded with $200,000 from the class's gift fund.