Greetings and Happy Holidays my brothers.
We would like to give you all an update on the GoinFar Foundation (501c_3). We have created a charity that will help the children of our brothers that have passed away. At this point, we have ten children who will be beneficiaries. Hopefully, there aren’t more losses in the near future, but are planning to have a support net for any unfortunate events. Stay healthy and safe everyone.
Mission
A scholarship foundation for the children of Phi Kappa Tau brothers from the Alpha Gamma chapter from the late 80s and early 90s that we have lost too soon.
2021 update
- Sadly, we lost our good friend Peter Mallett. Our hearts go out to Pete’s family. Approximately twenty brothers attended the funeral. Pete’s dad and sister-were very moved by seeing so many Phi Tau’s at the funeral.
- $56k has been raised or committed as part of a 5 year pledge.
- Gamma Delta Rho (the organization that owned the house) committed to $12,500 over 5 years. Thanks to Joe Boffa and Tom Rhodunda.
- This website was launched. https://goinfar.foundation/ Please check it out, add comments about the guys, or drop pictures on the site and access the donor page. https://pages.donately.com/goinfarfoundation/ Note: we are still developing and improving the site.
- The Board of Trustees recently reconvened and are all committed to taking GoinFar to the next level in 2022
- We have the ability to accept stock as a donation and our first stock donation. Mike Duggan set this up (and also donated GOOGL stock). Pls inquire with us about the process, structure, and tax benefits of donating stock if interested.
- Donation Levels were established.
- Harvard Red; $5,000 (1,000 per year for 5 years)
- Old Gold; $2,500 (500 per year for 5 years)
- 720 Academy; $1,250 (250 per year for 5 years)
- Alpha Gamma; $500 (100 per year for 5 years)
2022 plans
- The first grants will likely be made this year to Pete’s son and Kent’s son who are both at University of Delaware.
- To get up to at least a 50% participation rate from the brotherhood.
- To get a large % of the current one time donors to commit to a 5 year pledge.
- Further involvement of the families.
- Create and distribute a master list of brothers contact info.
Statistics, Finances, and other important numbers
- 8: deceased brothers from 1988 to 1993 pledge classes.
- 10: number of children of those brothers, aged 9 to 22.
- 33: brothers who have donated to GoinFar Foundation to date.
- 290: brothers that were active at the same time as the deceased (Pledge Class ’86 – ’94).
- 11%: current donor participation rate of the brothers who were active at the same time as the deceased.
- 50%: participation rate goal.
- 145: donors.
- 6: number of brothers who have achieved HARVARD RED status. Notably; Sawyer, Burke, Mauger, C. Denney, M. Duggan, Belloli
What we ask from you.
- If you made a 5 year pledge in 2020, and have not fulfilled your commitment for 2021, please try and do so soon (for tax purposes)
- If you have made a one time donation, please review the document below and let us know if you are willing to commit to a Donation Level for 5 years.
- If you have not made a donation yet, please do so as soon as you can and fill out the 5 year commitment info below.
Planning, Forecasting, and Long Term Goals
- The reason we stress the 5 year plan is because we need to plan for the 10 children over the next 10 to 15 years.
- As mentioned, we intend to make our first two grants this year. We would like to be able to allocate an appropriate amount this year and have
- $56k was raised from just 33 people, most of which were one time donors.
- $150k-$200k is a reasonable and achievable goal if we get a higher participation rate and more 5 year commitments.
- This would provide for $15k-$20k for each of the 10 children, which would be an incredible legacy for each of their fathers.
Please help us make this dream a reality. We have worked hard to establish this organization. Let’s all pitch what we can to honor our brothers.
Check out our websites https://goinfar.foundation/
https://pages.donately.com/goinfarfoundation/
Get back to us with your 5 year pledge.
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