Over the past year, the active chapter has played a big role in getting projects completed around the house. Most recently, we just laid and painted new wood on the back porch, and repainted the wood on the front porch. See pictures for the new deck here. Additionally, last spring, we made significant upgrades to lighting throughout the house, repainted the kitchen, added roof panels in the basement, and both patched and added drywall to areas that it was needed. See pictures for these projects here.
In our most recent meeting, the Delta Pi Properties board voted to payoff the house in full in February of 2022. When we first purchased the fraternity house, Synovus was generous enough to give us a commercial loan. The loan terms have always operated as a balloon loan that could be refinanced at maturity. This process to refinance has now changed requiring more out of the guarantors. Due to these circumstances, and the loss of a guarantor (Brother Kinsey), the board voted to payoff the house in full after lengthy discussion with the remaining guarantors. Thankfully, due to fundraising efforts, and the active chapter filling the house, we are in position to do this, however, the budget over the next two years will be tighter as a result and any future projects halted until further fundraising efforts are made.
I want to thank all alumni that continue to donate to our capital campaign, and encourage any alumni reading to please consider donating at least $5 a month to become a member of Delta Pi Properties so that we can continue to do projects like this, and to build a scholarship fund for our active chapter. If you would like to start a recurring donation or make a one time donation, please visit this link.
Despite the budget being tighter, we are still moving forward with the issuance of scholarships at the 25th anniversary as this has been something that we have envisioned since the creation of Delta Pi Properties. Scholarships will be awarded based on numerous criteria and information regarding can be found here. If you would like to donate to the scholarship fund directly, you can receive a tax deduction by donating to our Chapter Excellence Fund with the Educational Trust. Please visit our Scholarship page for information on how to donate to our Chapter Excellence Fund or reach out to me at email@example.com.
Last but not least, we are very excited to celebrate the Delta Pi chapter's 25th anniversary! This will be hosted at The Marina at Lake Blackshear on Friday, June 3rd and Saturday, June 4th. Please see details regarding the 25th here. We will be updating this and keeping everyone updated as new details arrive. Please let us know you are coming and RSVP here.
In the bonds,
I want to thank the active chapter for assisting us in painting some of the interior of the house this past Saturday. We were able to repaint the stairs their brown color as well as smoothing out chipped paint on the banister and repainting it white. We updated the paint color in the restrooms from blue to light grey for lighting purposes, and we updated the tan colored room outside those restrooms to the light grey color. You can see pictures below of our before and after.
Things did take a bit longer than anticipated, and we were unable to reach the kitchen, however, we are looking forward to repainting it for our alumni work day to be announced soon for the spring/summer time. Because of rain, the chapter was unable to pressure wash, however, the look to do that soon as well as painting the front entrance of the house white which has faded over time.
I want to thank all alumni that continue to donate to our capital campaign, and encourage any alumni reading to please consider donating at least $5 a month to become a member of Delta Pi Properties so that we can continue to do projects like this, and to build a scholarship fund for our active chapter.
For scholarships, something recently came to my attention regarding the Cares Act that I recently overlooked. For those who would rather donate money specifically for scholarships, the Cares Act that was passed earlier this year allows individuals to take a $300 tax deduction to a qualified charitable institution - even if an individual uses the standard deduction. This deduction is dollar for dollar and would be a great opportunity for any brother to donate to our Chapter Excellence Fund with the Educational Trust, which I have confirmed to be an eligible institution. Please visit our Scholarship page for information on how to donate to our Chapter Excellence Fund or reach out to me at firstname.lastname@example.org.
In the bonds,