House Corporation Update – January 2016

President UpdatesHouse Renovations

Brothers,

Before we jump into the January House Corp Update, are you one of the 150+ that are already registered for 45th Birthday?  If not, what are you waiting for?

Register NOW

OK, so a lot of great stuff going on in House Corp this month:

  1. Tom McSwiggan has put together an extensive overview of work done at the house since last summer and has outlined the next projects he is tackling as Director of Operations.

  2. After years of requests with no viable solution, the chapter has a new tax-deductible donation channel!  This has been in the works for many months and is finally ready for rollout so we're excited to announce the details.

  3. The nomination process for 2016 officers and trustees is now open.  We are looking for a few great men to help out!

Project Summary at 520 S Ridgewood

For those of you who haven't been back to the house lately, you're in for a treat at 45th when you see first-hand all the great improvements that have been made.  Tom McSwiggan, our Director of Operations, has been kicking ass over the past year, knocking out many long overdue projects.  There are too many to mention here and we'll be running through the details at the annual HC meeting on April 2nd but here's just a teaser of the big ones (big thanks to Tom for the write-up):

Despite completing all of that, Tom is still not done and has worked closely with House Corp Officers and Trustees on plans and approved financing for additional projects, in the following priority order:

  1. Insulating the exterior block walls with injected spray foam.  This will improve energy efficiency as the current walls have virtually zero r-value.

  2. Trimming all trees around the perimeter of the building to avoid damage from branches and keep insects & animals from using hem as access points to the house.

  3. Bury the electrical service. This needs to happen before the new roof is installed. The Florida power and Light engineers have already designed this for us.

  4. Replace the shingled roofing on both wings as those have exceeded their life expectancy and showing signs of wear.

  5. Numerous other projects which we will cover at HC meeting.

New Tax-Deductible Donation Option

House Corp Trustee and Fund Raising Chairman John Wrightington has been leading an effort in coordination with the Sigma Chi Foundation and ERAU to explore options for alumni to give to the chapter in such a way that qualifies for tax deduction under IRS rules. We explored many options and have landed on one that is not only simple but also helps the chapter maximize the value of the donation with zero processing costs.

Here's how it works:

  1. Alumni donate to a fund set up specifically for the Eta Iota Chapter of Sigma Chi through ERAU here.

  2. Donors will receive confirmation of their deposit from ERAU with necessary IRS details to be used for tax deduction purposes. House Corp will also receive a monthly report of donor activity so we can recognize those who are participating.

  3. The University maintains the fund until it is drawn upon by the active chapter for authorized expenses such as house renovations. There are certain restrictions where funds cannot be allocated towards social events or new house construction costs.

  4. House Corp will send invoices to the undergraduates for recent and upcoming house improvement costs to be paid for by these funds.

As an added benefit, there is no cost to the chapter which actually makes this the most cost effective options for both the donor and Eta Iota! On top of that, if your employer offers charitable matching, this can further increase the benefits of your donation dollars!

If you have any questions, check out the FAQ page for more details.

House Corporation Nominations Now Open

Hear Ye, Hear Ye...

Calling all alumni to consider playing an active role in Eta Iota's future as an officer or Trustee of the House Corporation. Time requirements are nominal and the responsibilities can be carried out remotely (though I suggest the role of President would benefit from local presence now and then at the house).

If you are interested or know someone who would make a good candidate, make a nomination on the online form. If you have questions about the roles or not sure if you're a fit, feel free to contact me or any of the current House Corp Officers or Trustees.

That's about it for now.  If you have any questions, feel free to drop me a note.

In Hoc,

banta_signature
John Banta ('96)

Eta Iota House Corporation President

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