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Step 2: Mortgage Obligation ($60k)
The Board must continue to pay the monthly mortgage, insurance and property taxes to avoid default. AKL members have returned to the house for the spring semester of 2011. We are recruiting additional students for next school year to make AKL financially sustainable. The chapter needs reoccurring donations to help bridge the gap until ETA is able to regain it campus status. This may come as soon as the 2011-2012 school year.
- Continued monthly payment of the mortgage (principal ~$120k, monthly payments of just over $1,500 per month through Summer, 2011)
Step 3: Continued monthly payment of the mortgage (principle ~$120k, monthly payments of just over $1,500 per month through Summer, 2011)
- Application support for Resident Housing status with WSU
- Recruitment of Members
Step 4: Chapter House Building Fund (fundraising goal of $250k, mortgage of $500k)
During the 2-year period that ETA intends to lease the property, we will be engaged in an aggressive fundraising and design effort for the building of a new chapter house on the existing property or a completely remodeled house using the existing structure.
Gift Tiers (based on total funding over 2 years)
ETA Society Noble ($10,000 or more)
Will have new chapter house naming priveleges for 1 of 5 rooms/features (Chapter Room, Basketball Court, Dining Hall, Study Hall, or Senior Wing)
And all of the below
Founding Father ($3,240 or above)
And name engraved/tanned on the Patron Hide framed and set in the Chapter Room
And all of the below
Founder ($1,524 or above)
Will receive an engraved brick on the front walkway of new chapter house
And all of the below
Donor ($600 or above)
Member ($324 or above)
Pledge ($132 or above)
Huskey ($11 or above) |
