March 21, 2017
BENEFITING: The Beta Beta Foundation
Before our return to campus last fall, the University of Richmond invested over $175,000 in renovations to our beloved lodge. The University stepped up to cover $100,000 of the total cost. The remaining $75,000 was paid through a loan secured by the Foundation. The Foundation also agreed to cover $25,000 in existing debts owed by the chapter related to housing expenses from 2013 thru this year. With these debts paid off, the undergraduate chapter will be primed for success and will be financially self-sustaining going forward.
So of $100,000 needed in total, we have already raised $37,000 in alumni donations. We need to step up this campaign in order to raise the remaining $63,000.