The number of classmates contributing class dues during just ended 2016-17 fiscal year was record setting. We received an Alumni Council award for our 66.74% participation, easily surpassing every class with a class roll greater than 100. Enthusiasm out-stripped their bookkeeping skills for 10 of our classmates who sent in dues twice. Duplicate payments were transferred to the Class of 1955 Foundation which aids ‘55ers who have fallen on hard times. This is a reminder that July 1 through June 30 is our fiscal year; not Jan. 1 through Dec. 30. Most classmates promptly return their dues card with their payment when they receive the first notice in September. Class dues will remain $40.00 for FY 2017-18.
Our Fiscal Year, July 1, 2016 through June 30, 2017, again ended with fiscal success. Out of the 469 "active" classmates ("official class count" as of June, 2016) for whom we have a good mailing address, 319 sent in class dues. This is a participation rate of 66%, better than last year. 121 classmates (38%) made gifts to the Class of 1955 Foundation. Nineteen class widows each contributed $40.00 dues. Nine checks from classmates who inadvertently paid twice were contributed to The Class Foundation.
Class dues should not be confused with Annual Giving. Dues are deposited in the Class of 1955 bank account and are used strictly for class activities. Donations to Annual Giving go in to the University's general fund. Most classmates contribute to both.
Fiscal Year 2017-18 opens with our class bank account at a comfortable $20,852.89. A slight surplus has made it possible to maintain dues at a low $40.00 for this year. Dues enable many class events:
- PAW subscriptions for all classmates and widows.
- Printing and mailing correspondence.
- Alumni Council Dues
- Class awards
- Website - www.Princeton55.org
- 2015 update of the Class Directory
- Memorial Service DVD
- 60th Reunion photos DVD
- Ivy Stone instillation, dedication and luncheon
Your financial contributions as well as your suggestions for additional activities are most welcome. Class dues and gifts to the Class Foundation are both 100% tax deductible.
Other events, which are self-supporting and not funded from the class treasury, include The Class of 1955 Foundation, Annual Giving, Princeton AlumniCorps (formerly Princeton Project 55), Fifty Five Fund for Senior Thesis Research, major reunions, receptions, dinners and class trips. We hope to include you in any or all of these activities.
Dues requests are mailed early in September along with the President's letter, again in mid- November and in February. You may pay by check, major credit card or online. Please return your dues card so that we can avoid sending follow up notices to those who have already responded. When the system breaks down and someone gives twice, we will donate the duplicate payment to The Class of 1955 Foundation.