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HISTORY
During the early years of the Foundation, modest additions were made to
the several established Funds by members and friends and by transfer of
Association funds. Then in 1954, a Fund was established in memory of Henry
G. Atwater, P 1904, whose death occurred On July 20, 1950. Another Fund was
established in 1955 in memory of William A. Fisher, P 1903, whose death
occurred on December 22, 1954. He was an active and devoted alumnus who
served the Alpha in many capacities during his lifetime. In 1961, a Fund was
established in memory of Alan R. Kemp, P 1927 (died February 14, 1961), who
was elected a Trustee of the Foundation in 1951, Vice President in 1952,
serving until the year of his death. During the 85th Anniversary fund
campaign, 1963-1964, four funds were established. A Fund in memory of Asher
Atkinson, P 1885, and William E. Florance, P 1885, was established by their
sons, Asher Atkinson, Jr., P 1924 and Edwin Florance, P 1916. The two
Brothers memorialized were officers and trustees of the Alumni Association
during the early years of the Alpha.
Friends and classmates of E. Macy Irish, P 1930, a popular and loyal
member of the Alpha, established a Fund in his memory in 1963. It was also
during the year 1963 that the two additional Gold Star Funds, as already
noted, were established.
After a long period of consultation and preparation by Edwin Florance, P
1916, Secretary Treasurer of the Foundation, a special meeting was called
for the purpose of changing the charter of the Foundation as demanded by the
Internal Revenue Service. With the changes made at the meeting called on
February 15, 1969, the District Director of the Internal Revenue Service
granted a tax exempt status to the Foundation on March 21, 1969 (the exact
date an which the balance of the founders of Alpha Rho were initiated in
1879). All contributions since the 1969 date have been tax deductible on
United States income tax returns.
During the spring of 1969, the Alumni Association recommended to the
Foundation that in addition to the student aid program adopted by the
Foundation that a scholastic improvement and incentive award be adopted. It
was suggested that incentive awards based upon cumulative scholarship
averages be given to members living in the Lodge. The Foundation promptly
approved the recommendation made by the Association Trustees and in the
annual report for the Foundation in 1969, it was noted that the awards "will
be made to members in good standing living in the Lodge and will be based on
mid-year cumulative grades starting in 1970”.
The successful tax decision received by the Foundation in 1969 and the
effective scholarship program helped to focus attention on the growth of the
Foundation assets. Friends, families and the Association Trustees provided
funds to establish the following memorials. In 1965 a Fund in memory of
Oliver A. Deakin, P 1929, a former Trustee of the Association. In 1968 a
Fund in memory of John N. Gulick, P 1937, who had served as Trustee and
Officer of the Alumni Association and will be remembered as the Chairman of
the highly successful Chi Psi convention hold on the Rutgers Campus on the
occasion of the Alpha's 85th Anniversary.
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