1. What is the difference between the Class Fund with the AOG, and the Class Endowment Fund?

Answer: There is NO relationship between the Class Endowment and the Class AOG fund; each is a separate fund in itself. However, when the Class Executive Committee ceases to exist, all remaining funds in the AOG account revert to the control of the Perpetual Endowment Fund Board to pay any administrative expenses the board might incur. It is anticipated that the vast majority of these administrative expenses will be to support the celebration and activities surrounding the 100th Anniversary of our graduation in 2058.  The Class Endowment Fund, on the other hand, is designed to outlive the class, and to provide for large gifts to the Academy after we are no longer around. For how this is done, please read our Bylaws on the class web site.

2. What is the goal of the Endowment? 

Answer:To provide a substantial flow of gifts to the Academy in the FUTURE. How do we plan to do this? By letting our money grow tax free over time. Recall that if a 20 year old invests $2k annually in the market @ around 9 percent, he will have a million at age 65. We hope to use the same technique, and are off to a good start. The Endowment will make a gift to the Academy at our 50th, and NOT make any additional gifts until our 100th. After that, the Endowment provides 25 percent to the Academy every ten years. Over time, the amount donated is truly staggering!

This is what we are trying to do in a nutshell. The Academy does not have a large alumni fund as do the colleges in the Ivy league. Our alumni are not rich businessmen, but rather guys who stayed in the trenches and served their country. Therefore, we decided to do something different to help the Academy in the out years -- long after we are gone - - but by doing so, we should be remembered as a class who provided a truly unique gift to the Academy.

3. Can I make a donation in honor of a deceased room mate or classmate?

Answer: Yes. Many classmates and widows have made a modest contribution in this manner in memory of a fellow 58er.

4. Can I donate stock?

Answer: Yes.  There is a form to fill out and you may have to contact your financial institution where the stocks/mutual funds are held.  You can also donate physical stock certificates. If you are interested, please contact the Treasurer for the form and instructions.

5. Can I include the Perpetual Endowment in my will or my trust?

Answer: Yes. Please contact the Treasurer for details. Several classmates have indicated they have already taken such action.

6. How often will there be fund drives?

Answer: As often as the class wants them.As a general rule, we want to give classmates who desire to donate to the Endowment, the opportunity to do so.

7. Can I contribute anytime I want to?

Answer: There is no longer a minimum contribution amount, so contribute whenever the inspiration hits you.