1. The agenda was approved as presented. The minutes of the previous meeting, 4 June 2007, were approved.

2. McNeil reported 50^th Reunion income and expenses from a detailed statement previously provided to Board members. Payments from participants and interest on the account totaled $267,178.06. Expenses totaled $267,979.72. The modest shortfall is expected to be resolved when certain accounts receivable are cleared. Additionally, profits from yearbook, DVD and mural sales bring the reunion overall financial result into positive territory by well over one thousand dollars. The board approved the interim report, with a final report to be presented when a number of small receipts and expenditures are completed.

McNeil reported a total balance in the several Class administrative accounts of $27,424.37.

Galloway reflected on the successful attainment of our reunion financial goal of neither depleting the treasury nor making significant profit, a noteworthy achievement in dealing with more than a quarter-million dollars.

In recognition of the exceptional service provided by our reunion facilitator, Mrs. Joan Emmer, the Board voted a bonus award to her of $2000, Galloway and McNeil to implement. Galloway also reminded of the Board’s previous approval of a $400 expenditure for tokens of appreciation to the four class aides, which are pending Academy approval.

3. Galloway reported a gift fund balance of approximately $472,000, which includes some outstanding pledges. Of this amount, $350,000 will be released to the Academy to complete our $650,000 gift ($300,000 was released in October 2006.) The $650,000 includes $50,000 reserved for perpetual maintenance of each of our gifts to West Point (Originally, the maintenance reserve was set at $25,000. In October of 2006, the Academy requested, and the Board agreed, to increase the reserve to $50,000, the funds to come from that already allotted to library enhancements, not as an increase in the amount of the gift.

Galloway will soon provide detailed gift fund data to the Board. The excess of more than $100,000 will permit numerous future giving opportunities.

Galloway announced that Ray Bell will monitor the construction of the Honor Kiosk. He will act as liaison between the Academy, the AOG, and the Executive Board. Memorialization, i.e., the specific form of our Class of 1957 imprint on the Kiosk and the coffee bar, will be addressed in future meetings. The Academy has a standing committee which processes such initiatives.

4. Kovel announced that he holds a few items of leftover reunion memorabilia and 50th Yearbook supplements which he offers for sale.

5. Stevens, who attended the 16-18 August AOG Leadership Conference at West Point and had previously provided a comprehensive trip report to the Board, expanded on several matters of particular Class interest. He is optimistic that the AOG gift shop will agree to take over the marketing of the mess hall mural. He inspected two hotels in the Suffern area that may be suitable for a 2012 reunion. This comment generated discussion about other locales more convenient than Tarrytown, such as Mahwah and Stewart. He reported some classes are holding reunions on non-football weekends, trying for those with scheduled parades. Several classes send their flag to funerals in the care of a classmate who is attending. He noted that there are opportunities in joint ventures between affiliated classes, e.g., 1957-2007, that we could consider in the out years, as well as enlisting 2007 to look after our gifts during the many years of their presence at West Point as faculty and staff.