The Castle Campaign Financial Report, 1990-'95
Dear Brothers:
We present the Castle Campaign financial report, which reflects the actual costs of the completed projects, from our feasibility study in 1989 to date. We hope you agree that we used a common-sense approach by dividing our original plan into several phases that could be achieved over a number of years as the funds were available.
Our goals never changed; only our method of achieving them.
Strategic Implementation
We began with the essential safety projects to build a nicer and safer house in which the brothers could live. Then we addressed the bathrooms and the library to remedy one of the problem areas and also to provide the undergraduates with some more visible progress.
Phase 1: Safety First
- • Essential safety upgrades
- • Basic infrastructure improvements
- • Creating safe living environment
- • Foundation for future work
Phase 2: Visible Progress
- • Bathroom renovations
- • Library improvements
- • Areas with immediate impact
- • Morale boosting projects
Major System Upgrades
The next year, as the aging main boiler failed for the final time, we installed an entirely new, high-efficiency heating system. During the following summer we returned to the aesthetic issues and refinished the buckling floors and restored the stone and brick facade of the house.
Critical Infrastructure Projects
Mechanical Systems
- • New high-efficiency heating system
- • Complete electrical system replacement
- • Modern plumbing infrastructure
- • Safety and fire protection systems
Aesthetic Improvements
- • Refinished buckling floors
- • Restored stone and brick facade
- • Back terrace restoration
- • Basement renovation
Completion and Future Goals
This past winter we replaced the electrical system, which was the final hazardous system threatening the house. Then this summer we restored the back terrace and renovated the basement.
Remaining Goals
As it stands now, we need approximately $70,000 of new pledges and gifts over the next year to successfully complete the campaign and Windows '96. In addition, we are approximately 20 new donors away from breaking our goal of 250 donors.
This is a major accomplishment of which we should all be proud.
Financial Accountability
Throughout the campaign, we have worked hard to spend your money wisely and well. All donations to the campaign have been received and accounted for by the Ithaca accounting firm of Sciarabba Walker & Associates, LLP. We will be happy to send full financial statements of the campaign to any alumnus who requests them.
Unprecedented Achievement
No other fraternity on Cornell's campus has been able to mount a similar long-term campaign with so much mass support and as many involved alumni.
We thank all of you who have helped us get this far, and we encourage everyone to help us reach our goals and come back to Ithaca next fall to rededicate the house.
Yours in ___kai___,
Richard W. Banks '72
Castle Campaign Treasurer
Douglas E. Onsi '90
Castle Campaign Chairman