Alumni >> Capital Campaign
Jan. 21, 2018
Sixty-four alumni of Iota Theta Zeta joined the new Founders Circle in 2018, contributing $22,146 to support the continued presence of Lambda Chi Alpha on the Arkansas State University campus. Now we are starting over in 2018 in this sustaining campaign.
Contributions are levelized, and each contributor has been offered a "reward" in the form of LXA merchandise. The Gold level requires a contribution of at least $500; Green starts at $250; and Purple at $125.
Each level includes the annual alumni dues of $50, and all three levels provide a contribution to the Reserve Fund, which helps pay for long-term needs of the LXA fraternity house. Last year that included buying a new set of meeting room chairs and replacing an air conditioning system.
From Gold and Green level contributions, a certain amount is set aside for reducing the principal on the first-lien mortgage on the house. With 2017 contributions we have been able to knock $4,600 off the total, bringing it down to around $108,000. Ten years ago it was just over $312,000.
We have truly made great progress while we also work to maintain the house at Lambda Chi Alpha standards and keep the residents' housing rates competitive with other fraternities on campus. Alumni support has been critical in that endeavor, especially the previous High Five for Lambda Chi Alpha campaign, which raised more than $200,000 over five years. That allowed your house corporation to make badly needed renovations.
In addition to the 64 brothers who have joined the Founders Circle, 32 others paid 2017 alumni dues and-or made additional contributions. Alumni dues support such activities as our Homecoming tailgate and Founders Day weekend.
That's 96 brothers who contributed financially last year — about 6 percent of our approximately 1,400 alumni.
To join the Founders Circle this year, or continue your membership, just download the attached form, print and fill it out, then return it to me at the address shown, along with your check. All Founders Circle members will be recognized on a plaque to be placed in the foyer of the house.
Yours in ZAX,
Roy Ockert Jr., Treasurer
LXA at ASU Inc.