The Alumni Association remains financially sound. The JHNAA Fund portfolio value as of September 16 was $791,873. As reported last year, the Board approved an investment policy that reinforces the objectives of the funds asset allocation to provide the highest return consistent with a moderate level of risk with a long-term horizon. The University Development fund awarded us $6,009.65 to replace funds previously received from dues as the University Alumni Association no longer requires dues paying memberships. This was a reduction from the previous year, when we received $20,000. The JHSON Development Office also subsidized the JHNAA’s budget for Alumni Weekend activities.
The Alumni Association continues to sponsor pins for graduating classes and we continue to support alumni programs such as Alumni Weekend, networking events, and student activities. The Alumni Association’s budget is on target, especially considering expenses for next year will be reduced with the shift of funds to Johns Hopkins.
– Gerry Peterson |September 2014