The meeting commenced at 2100EST. Present were Galloway, Stevens, Golden, Wells, Voorhees, Kehoe, Kovel, Schwehm and McNeil. Stephenson and Gadd were absent. Class Trustee Hatch did not attend.

1. The minutes of the previous meeting, 30 September 2005, were approved.

2. Stevens reported on the mural project. He proposed selling them for $5.00 per copy, plus $5.00 shipping costs when required. This amount will cover expenses plus a small amount, which will go into the class administrative fund. Another run can be made should the current supply be exhausted. He will announce the availability to classmates on the e-mail list. Future reunion updates also will give information. Kovel will do likewise in Assembly; and, in his contacts with Company CQs, will brief them on the project, as well. His proposal was framed as a motion and the Board voted approval.

3. Galloway introduced the subject of a gift to be presented to the Academy at our 50^th reunion. As previously discussed, the proposed gift, of $650,000, will go toward enhancements to the new Jefferson Library. It will provide for development and maintenance of an Honor Kiosk with suitable ‘57 recognition and remembrance, and a substantial contribution toward the interior finishing, furniture and equipment of the building. In recognition of these contributions, the Class of 1957 will be granted naming rights to a coffee bar/refreshment area/social center at the first floor entrance. In addition, the gift will provide a maintenance endowment to ensure our previous gifts are cared for in a proper manner, and will accommodate the normal costs to administer and supervise gift related activities (See previous minutes for more detail).

Our current gift fund balance is slightly over $300,000. An additional $350,000 must therefore be collected from the Class if we are to commit to these projects. After analyzing the contribution patterns of the previous fund drive, i.e., the participation of major donors, the giving level distribution of all contributors, the overall percentage participation, etc., for the Honor Plaza, the Board concluded that a suggested contribution of $570 per year for each of two years (2006 and 2007) would result in proceeds sufficient for this 50^th year gift.

The Board reflected upon our previous gifts: the tree, the fountain, the gym foyer, the plaza and Thayer walk. It determined that the proposed library gift, if approved and executed, will be our final major gift to our Alma Mater, but concurrently recognized that future Class leadership may deem otherwise.

(1B-030) Galloway and Stephenson will finalize a communication to the Class that explains the proposed gift in detail and asks for approval.

4. Golden expressed appreciation to Kovel for his almost fifty years of institutional memory, and most recently for the contributions to the Board he has made with background information about past fund raising matters. The Board concurred.

The meeting adjourned at 2210 EST.

Respectfully submitted,