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HISTORY
By 1979, the modest student aid program of 1933 had become an impressive
vehicle for aiding and encouraging the undergraduate, and in the future the
graduate members of Chi Psi at Rutgers University. While many alumni gave
freely of their time and money to the Foundation and its successful record
through 1979, two members were singled out for the part they played in the
establishment of the Foundation. Henry G. Atwater, P 1904, a long time
advocate for student aid, promised that once the mortgage on the Lodge was
paid, funds would be set aside for student aid. His persistence resulted in
the establishment of the Alpha Rho Memorial Foundation.
Elected secretary of the Alpha Rho Alumni Association during October
1925, Edwin Florance, P 1916, held the office almost continuously until the
establishment of the Foundation and then he become Secretary Treasurer of
the Foundation. His meticulous records, patience and dedication made the
Foundation a model with tax exempt status. Brother Florance served the Alpha
in many capacities until his death on March 23, 1972.
When the Foundation was incorporated in 1949, its capital totaled
$5,901.84 in memorial funds previously held by the Alumni Association. The
1979 report issued by the Foundation for the year ending August 31, 1979,
recorded a total of $54,250 in principal funds. Since the inception of the
Student Aid and Scholarship Incentive programs through 1979, the Foundation
had provided $10,341 for 68 grants in aid and $17,400 for 204 Scholarship
Incentive Awards.
In the Spring of 1982, additional fund categories were established within
the Foundation. These included a Memorial Fund in the name of G. E. Jenkins,
P 1883, an endowment Fund honoring the Simms Brothers, Gene Simms, P 1958,
Bob Simms, P 1960, Steve Simms, P 1962, and Dick Simms, P 1964, and a
General Fund to act as a repository for those who wished to begin
contributions for a future fund or who simply felt no specific attachment
for any of the established funds. Also, in November of 1982, Farris S.
Swackhamer, P1936, Secretary¬-Treasurer since 1972 and former Alumni
Association President and active alumnus, passed away. His duties were
assumed by J. F. Schwanhausser, P 1946 and his unexpired term as Trustee was
filled by Roger B. Parsons, P 1960. When Bob Blunt resigned because of a
transfer to Europe, William E. Newell, P 1965, became a Trustee and Chairman
of the Investment Committee.
In 1984, the Foundation underwrote the expenses of the Chi Psi/Rutgers
Academic Forum, a lecture/commentary program for the College community
nurtured by Dr. Michael C. Illuzzi, P 1977, and designed to enhance and broaden
the knowledge of undergraduates, especially Rho actives.
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