Happy spring to all! April brings renewed energy and motivation to finish out the CAPA year stronger than ever. To celebrate our fantastic year, join us on Saturday, May 18 at scholarship luncheon ‘Wild About So’ROAR’ities’. Let’s gather to honor our panhellenic sisterhood, reunite with longtime friends, recognize our scholarship winners and raise money for CAPEF.
Sign up by Monday, April 15 for the early-bird discount of $35. Click this link to register and pay today.
At the March 12 delegate meeting, we voted to make a change in the number of scholarships awarded this year. After taking a closer look at the December 2018 CAPEF balance of $212,472, it was agreed among the delegates that the amount previously approved by vote in February for $18,000 (8.47% of the fund) was too high to award this year to maintain a sustainable fund. The delegates motioned and voted to change the number of scholarships from nine (9) or $18,000 (8.47% of fund) down to six (6) or $12,000 (5.64% of fund). (CAPEF’s bylaws state that it is required to distribute at least 5% up to 10% of the funds annually.) A total of seven (7) $2000 scholarships will be awarded this spring (including the additional scholarship sponsored by Kappa Delta Cle West Alumnae Chapter).
I appreciate each and every delegate’s opinions and willingness to revisit our previous vote to ensure a lasting and sustainable scholarship fund. To assist us with future fund distributions and donation decisions, I have invited a CAPEF officer to the April 9 delegate meeting to give us an historical overview of the fund’s annual balances, distributions and donations.
I look forward to seeing all the beautiful raffle baskets and YOU at the May 18 scholarship luncheon celebration!
All the best,