During the last fiscal year, 2017-2018, we were unable to match our prior first place record for dues participation.(Annual Giving was also 7% less than last year.) However, 62% far exceeds the response of most younger, less forgetful, classes. As a reminder, July 1 through June 30 is our fiscal year; not Jan. 1 through Dec. 30. Most classmates promptly return the dues card with their payment when they receive the first notice in September. We are pleased to announce that class dues will remain at a very reasonable $40.00 for FY 2018-19.
Out of the 446 "active" classmates for whom we have a good mailing address, 275 sent in class dues for this past fiscal year. By June 30, 2018, our numbers dwindled to 413 classmates but the official "active class count" was set on July 1, 2017, the beginning of the fiscal year. Although the participation rate was down to of 62%, more than 50% made gifts to the Class of 1955 Foundation. Twenty class widows contributed dues; some also made generous gifts to the Foundation. Enthusiasm outstripped the accounting skills for eight classmates who sent in their dues twice. Their duplicate checks were contributed to The Class of 1955 Foundation which aids '55ers who have fallen on hard times.
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 into the University's general fund. Most classmates contribute to both.
Fiscal Year 2018-19 opens with our class bank account at a comfortable $18,456.89. A slight surplus has made it possible to maintain dues at $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 and dedication.
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 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, the duplicate payments are donated to The Class of 1955 Foundation.
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.