Of Pi Beta Phi Winter- 1997 Pi Beta Phi Is Heavily Dependent on Dues and Fees from Members for General Operations
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of Pi Beta Phi Winter- 1997 Pi Beta Phi is heavily dependent on dues and fees from members for general operations. More than 40 percent of our $3 million-plus annual budget comes from dues and fees. Much of the other revenue is restricted for particular uses or for reimbursements or repurchases. It is unavailable for gener al operations. Pi Phi has been granted tax-exempt status under Section SOl(c)(7) of the tax code, which means that income from investments and other non-member sources may be used only for educational or philanthropic purposes. Only a portion of our activities and programming qualify under the rather strict IRS guidelines for funding from these sources. For example, no expenses associated with the publi cation and distribution of The ARROW may be paid for with income from investments. Pi Beta Phi's annual budgets are relatively modest in rela tion to the scope of our activities, programs and membership Pi Beta Phi's Financial Health services. Our pool of dedicated volunteers give generously of rheir time , talents and expertise. Without these volunteers, As Grand Vice President of Finance, my responsibility is we would have to curtail many of our activities or incur signif to oversee the management of Fraternity assets and financial icant additional expenses. operations. I do this with help from the Accounting Major expenses include Central Office operations; chap Department in Central Office, led by Illinois Zeta Mary Mitch ter support which includes the consultant program; publica Mullendore. tion and distribution of The ARROW; club support; extension; Fraternity assets include cash and short-term invest conventions and officer leadership training. We operate on a ments; investments in high quality, government-backed secu two-year cycle with higher revenues and expenses during con rities; stocks and bonds; mortgages on chapter houses; vention years. We budget for a slight surplus over each two inventory for resale, including official jewelry, supplies and year cycle. Pi Phi Express; and property. The majority of our property is Pi Beta Phi today is finanCially sound because the officers in Gatlinburg, Tennessee, but also includes Holt House and who have served through the years were wise and careful Central Office furnishings and equipment. stewards of Fraternity resources. Each member of Grand A significant portion of our investment holdings are in a Council takes her financial responsibilities seriously. We all trust set up in May 1929 at Harris Bank in Chicago, Illinois. know we must continue to preserve the assets of the The Fraternity's investment policy is a conservative one. The Fraternity so that Pi Phi will maintain its premier standmg in goals are to preserve capital, to keep pace with inflation and the Greek world. We pledge to do our best to fulfill our to secure income for qualifying programming and operations. responsibilities. Pi Beta Phi's liabilities are limited. We carry no long-term debt. In the past fiscal year, short-term payables were higher -GRAND VICE P RESIDENT OF FINANCE than usuaL primarily because convention took place at year Lou AN MONTGOMERY CARTER end. The only other liability is funds being held for chapters who have relinqUished their charters. These funds will be For more detailed in{onnatlOn about Pi Beta Phi 's fina,wal health, returned to chapters if and when they recolonize on their see the Fraternity FinanciallnJormation on page 79. respective campuses. Winter 0 1997 Volume 14-Number 2 Features In this special feature, two 4 Pi Phi professionals discuss breast cancer. The annual Pi Beta Phi 21 Foundation's Report & Honor Roll of Donors includes a summary of the Foundation's financial state and a listing of all donors. Pi Phi Express features 86 limited-edition Christmas merchandise. ., Departments From the Editor .................8 From the Reader .................9 News from Arrowmont ...... .. 10 Collegiate ews ... ... .......... I 2 Academic Excellence ........... 18 Holt House ...... .. ...........20 Foundation ews .... .. ... .... 69 Fraternity Directory .. ...... .. 73 Directions ......... .........74 In Memoriam ... .... .. ...... 76 Fraternity Financial Information . 79 Alumnae ews ....... ......... 80 ews &: otes ...... .. .. ... .. 85 Winter e 1997 Approach In this special issue to about breast cancer awareness, two Pi Phi health professionals uring Breast Cancer Awareness Month in October, collegiate and alumnae reveal the secrets to members of Pi Beta Phi remembered loved ones who have lost breasts and lives to the disease. Breast cancer affects the women we know and love-our maintaining good health. mothers, our grandmothers, our friends, our co-workers. The disease scares us with its prevalence and erodes our confidence with its presence. And it's easier than We've all heard the bad news. Breast cancer affects one in eight women. you may think. It's the second leading cause of death among women, killing one woman every o 12 minutes. But Breast Cancer Awareness Month was about spreading facts, not fear. The good news is that if caught early, women have a 93 percent chance of surviving breast cancer. In this issue, two Pi Phis provide some easy tips about how to increase the chances of survival while improving your quality of life. A breast cancer specialist, S. Chace Lottich is founder and director of The Center for Women's Health. She shares her advice about treatment and education. Clare Buie Chaney, who counsels oncology patients, reveals how she helps them deal with the emotional anguish that often accompanies cancer. Read on to discover the importance of early detection and active involvement in your own health. Win ter o 1 997 THE REAL ROAD TI WHLVlllE ating right and staying fit seem to be catch phrases for the complete support through education, diagnosis, treatment and '90s. While these are indeed important, good health is an extensive resource network in a friendly, considerate about more than chomping leafy greens and crunching atmosphere. "We have the capacity to make a complete abdominals. For North Carolina Beta S. Chace Lottich, good diagnosis at the center," Chace says. "Women will know what health starts with a woman's decision to take control of her own is wrong with them before they leave the office." well-being. "Women need to stay actively involved in and Chace explains that breast cancer starts like rust in the educated about their own health: she says. ducts, or pipes, that run from the nipple to the mammary glands In a survey of breast cancer survivors conducted by Self in the breast. If the cancer is caught before it leaves the pipes, it magazine, 58 percent of women said that they were the person can be cured with little damage to the breast. When the cancer most in charge of their own care and treatment. Chace gives grows outside of the pipes it becomes more dangerous. women the perfect opportunity for this involvement at The Center Early detection, through routine mammograms and for Women's Health. The center is a medical facility in monthly breast self examinations is the key to arresting the Indianapolis, Indiana, where Chace and a team of radiologic development of cancer. "If caught early, breast cancer can be technologists, patient educators and nurse practitioners treat the cured without the woman losing her breast or her life ," Chace entire gamut of breast conditions. These professionals provide says. Women must demand superior care from their doctors. Winter " 1997 "In some cases, cancer is missed partly because of the physician For women who have recently been diagnosed, Chase and partly because the women did not push for a thorough recommends taking things slowly. "Women can take their time examination," Chace says. And although there is no way to before making a decision about treatment," she says. "There is prevent breast cancer, exercise and good nutrition can help never an emergency in breast cancer." Chace advises women to women protect themselves. assemble a support team of friends , family and loved ones and to stay away from unsupportive people. A woman dealing with breast cancer should find a team of doctors who will give her all Women need to stay actively the information she needs and will work with her. "It is important for women to feel in control of the situation," Chace involved in and educated about their says. "A good team of doctors should support her in that." Chace first became interested in helping women with breast own health. disease in high school. While working at a retail clothing store, Chace developed a close friendship with a manager who was diagnosed with breast cancer. "Knowing her as a human being Chace warns against the false sense of security that comes before knowing her as a patient made me realize how badly the from thinking breast cancer is genetic. "Only five percent of medical profession could treat women." After receiving her breast cancer patients have a strong family history of the disease. bachelors degree in chemistry and medical degree at Duke Breast cancer occurs at a one in eight risk in women. So , if you University in North Carolina, Chase dedicated her work to are a woman, and you are getting older, you are at risk ." ensuring that women are treated with respect and compassion. 1. Expect the best, but prepare for the 4. Recall a funny, playful time In your S. Encourage smiles and laughter. Place worst. Choose your own personal punch childhood. Decide what elements made a "smiley face stick on" dot on your line to have ready for your next crisis. it so, then make it part of your life watch to remind you to smile. Here are some favorites: today. Imagine yourself at age 100. o Hakuna Matata. (No worries, from Looking back at your life, what fun 9.