Our new house at the prestigious 975 S. Milledge location is truly a marvel. It is the first Gold LEED-Certified fraternity house in the U.S., and the first fraternity house to be on the Classic City Tour of Homes. LEEDS certification stands for Leadership in Energy, Environment, and Design, and our house is completely energy-efficient and virtually indestructible. We also shut down the house for two weeks during the year for maintenance and repairs to maintain its pristine condition.
While we have secured pledges of approximately $3 million and actually received funds of about $2.5 million, it is critically important that we reduce our debt load which is significant. We must complete our repayment of approximately half of our debt load this year and cannot extend one of our two loans.
The boys have done their part in keeping the house in good shape, maintaining above-average grades and a good relationship with the neighborhood. The latter is no small task, as it took us years to overcome neighborhood opposition and go through the red tape to secure the necessary zoning and build the magnificent new home. We, as alums, must do our part to complete the necessary funding to pay off this loan, as the active chapter has done its part to make us proud.
As an additional incentive for this year, in order to complete the payoff of one of our two loans, the threshold amount of pledge necessary for tax deductibility has been lowered from $50,000 to $10,000 for all monies received by the end of June 2014. Thereafter, it will go back up to the $50,000 threshold. The limits on tax deductibility are caused by the fact that only a portion of the contributions to the new house are tax deductible under IRS rules. This is also a particularly good year to donate appreciated securities to Chi Phi, due to the rising stock market and the avoidance of taxation on any capital gains associated with the securities.
To the left is a link to our growing donor list and statistics for the campaign. You can tell our initial outreach efforts have been extraordinary, and alumni continue to come forward to support this project.
Today, you too, can add your name to this list of loyal supporters by making a pledge of support . It is vital that we work together to retire the debt for our new house. Click the “Support This Campaign” link to the left and make your pledge today.
Eta is entering the 2014 – 2015 school year with some exciting plans. Most importantly, we have structured an annual sustainability program for Eta Chapter.
This year, Eta established an Annual Sustainability Program. This effort is completely separate from our capital campaign to pay off our debt load, particularly the first loan that is due to be paid off this year. While the Legends of Chi Phi Campaign (above) will continue until our debt load is paid off, your Eta Chapter Alumni Board considers now the time to focus on sustaining the future of our Chapter. We also want to increase our Alumni activities. We have already started holding Alumni game days at the historic Arnocroft House (1903) right next to our new Chi Phi house, and we hope to start a new tradition in that regard. The Chi Phi parking lot can hold seventy plus cars, and the walking distance to the stadium is approximately the same as from the old house. In addition, should the lot be full, there is $10 game parking right across the street. We also sponsor the annual Alumni-Barbeque at Peachtree Golf Club, and other new Alumni activities are being planned for the future.
The new on-going Annual Sustainability Fund will maintain and support our Chapter, our Alumni activities, and our Alumni Association. It will provide the Alumni Association with the tools to maintain Eta as the best fraternity at UGA.
It’s time to support Chi Phi each year for the rest of our lives. By clicking the “Support This Campaign” to the left, you can make your donation to the Annual Sustainability Fund. As little as $100.00 a year will make a difference for Eta.
You are also able to give to the Legends of Chi Phi campaign by clicking the link above. Do not let one of these programs persuade you more than the other. We must retire our new house’s debt, but we must also plan for the future and sustain our Chapter. Donate to both causes today.
While UGA does not have as many traditional opponents playing in Athens this fall, the schedule has improved in the sense that more kick-offs are scheduled late in the day, allowing plenty of time for tailgating before the game. The tailgates for the year will be as follows:
1. September 2, Appalachian State, scheduled for a 6:15 p.m. kick-off, a full day for tailgating.
2. September 16, Samford, scheduled for a 7:30 p.m. kick-off, another great long tailgate day.
3. September 23, Mississippi State.
4. October 14, Missouri (Homecoming).
5. November 4, South Carolina.
6. November 18, Kentucky.
Jim Wimberly will also be hosting a tailgate at Arnocroft for all of the above dates, except for the September 16 game.
The first tailgate on September 2 will be great not only because of the evening kick-off time, allowing for a long tailgate, but an “oldies but goodies” beach band has been booked that will play from 1:30 – 5:45 p.m. The selections will include not only beach music, but more modern music as well.
Remember that in the first game, Appalachian State has actually only lost five games over the last 3-4 years, and just last year took Tennessee into overtime in Knoxville. About eight years ago they opened against Michigan in Ann Arbor and beat them, even though Michigan was ranked in the Top 5. Remember also that the fraternity house is just as close to the stadium as 290 S. Lumpkin, and plenty of parking is available not only behind the House but on Rutherford Street on the Atlanta side, immediately across the street behind the chiropractic clinic, and behind Clarke-Central High School, two blocks away at the intersection of S. Milledge and Baxter. The latter two places have a parking fee, but the others do not.
Come join the fun!
Recruitment season is underway for Chi Phi Eta, and we would greatly appreciate recommendations from our outstanding alumni. If you have a candidate you would like to recommend, please contact Jim Wimberly at email@example.com with the following details: