Additional Funds Needed to Pay Beta Mu’s Debt
How You Can Help
The undergraduate brothers have returned to campus to pursue excellence and develop men of principled lives. As we work with their leadership, we see their progress in a positive light and support what they are doing. That being said, we need to focus a majority of our attention on a delicate but important discussion: fundraising.
Simply stated, we did not achieve our financial goals in our most recent capital campaign. We have a balloon mortgage that matures in July 2020. Based on our current cash flow, we expect to be short by about $600,000 and will need to refinance if we don’t obtain funds to cover that gap. In addition, we have $450,000 in miscellaneous construction costs that need to be repaid.