Image 16 of Kentucky alumnus, vol. 04, no. 44, 1974

Finances By Ordie Davis Associate Director O V The UK Alumni Association finds itself on sound The alumni awards program was expanded to include ( ` financial ground at the end of its third year of operation as two more alumni professorships. Alumni professors receive » a dues-funded organization. A campaign emphasizing the $5,000 a year in recognition of outstanding teaching and life membership dues payment plan resulted in a significant research abilities. Current alumni professors are Dr. Charles number of new life memberships. The revenue, generally P. Roland, history; William L. Matthews jr., law; and Dr. invested in the stock market, was redirected into U.S. Stephen Diachun, plant pathology. Treasury Bills, Federal intermediate banks and banks for cooperatives. An actuarial study is being conducted which will give llhe Alumni Association a financial profile of its ALUMNI FUND BUDGET members ip services. A merchandising program was established so that BIG lulr 1’ l974‘l““‘* 3O’ 1975 BLUE paraphernalia will always be available to alumni. This Estimated income is a joint project with the University Bookstore. Aimed Annual Dues _______________________ $ 45,000 primarily at generating Ul< spirit, 10 percent ef the pre- tire ivienlnetenrn sewaee Fees ............... moo ceeds will come to the Alumni Association. investment Income .................... 4,500 _ The Association entered into an agreement with Frank- $0** and S°“’l°° ····················· 12·°00 ` ian Mint of Pniiadeipnin to design and sell e limited number g;;*fj;l;';';‘l‘;’;‘*`lL‘l’;;"l;';_;‘°°'_’#“fa'_"f I I 1 1 I Z j I 1 Z ‘ of engraved sterling plates of UK’s Memorial Hall. Over 500 —·-· were sold by the june 10 deadline. Total $105,100 ‘ Another project is the sale of limited edition prints of Estlmmd Expemlnums l the Administration Building which is being painted by C. G. _ 34 Morehead, Kentucky’s artist of property and former UK Eggxg Semccs '''''''``''` `'`` ' ;$ $0000 l student. lf all prints are sold, the Association will realize as Alunnnl A0,nnlS lnl0gn,n0S _____ ___________ 22:100 much as $50,000 for undergraduate scholarships. Postage .,..,..................... 17,000 l Printing costs continue to claim the major portion of the Travel and Auto ·-··-·-·-··--·--·-·--- 6,900 budget. Despite inflationary trends in the printing business, Om" Ol""“l"g E"F"‘"$“ ················· 37259. the Kentucky /l/umnus (circulation 15,000) has reduced its Total $l43l084 cost from 29 cents per copy in 1971-72 to 25 cents per copy in 1973-74. The Open Door (circulation 50,000), R°s°'“’ F""d which changed to a newspaper format in 1974, reduced its O0 l’l¤00·M¤Y 3% 1974 ······-·········- $ 70958 cost to 2.6 cents per copy. At the same time, editorial space Estimated Be'a“°°·l°"° 30* 1975 ‘‘‘‘‘‘‘‘‘‘‘‘ $ 32274 was increased 600 percent. 14