Page 2 - Sigma Triton Charge - Theta Delta Chi - Penn State - Feasibility Study

WHY CONDUCT A FEASIBILITY STUDY? any graduates may wonder: “Why do Mwe need to conduct a capital campaign feasibility study?” The answer is simple: just because we want to improve our current structure doesn’t necessarily mean that we can conduct a successful fundraising campaign. This feasibility study will allow us to accomplish a number of tasks designed to gauge the potential success of the campaign, including, but not limited to: • Determining the overall interest level and support of the campaign by our brothers and assessing the overall fraternity experience of our alumni from a broad spectrum of generations. • Identifying those brothers with the capacity to make lead and mid-tier gifts, obtaining their reactions to the project, and determining if they have interest in supporting it. • Educating our alumni on the need for the • Most importantly, from all of this feedback, receive from our alumni. Keeping the best project and identifying the people we will establishing an achievable campaign goal interest of the charge in mind, the Housing have involved to ensure success. and campaign execution plan. Corporation Board (HCB) wants to be sure a project will be fnancially feasible, not • Identifying alumni interested and willing to The size and scope of changes made to only from an initial funding perspective, help as volunteers throughout the campaign the charge house will be directly related but also in terms of sustainable operations and on one of the ongoing committees. to the level of support and interest that we over the long term. WHAT ARE OUR OPTIONS? Required items that would be addressed Stretch item to consider if funds become by the renovation are as follows: available: • New living and dining room foors • Addition on back of house to extend the • Structural support in living room foor foyer and bathrooms. Would provide men’s bathroom on frst foor and allow us to address • New Heating System ADA requirements • 3rd Floor Bathroom • Also would provide for the installation of • 2nd Floor Bathroom a study lounge on second or third foor and potentially the moving of the meeting room and • 1st Floor Bathroom or additional individual rooms to these foors. Items that would be addressed by the renovation with additional funds are as follows: • New front staircase • New back staircase • Renovate foyer • Renovate trophy room • Renovate dining room • Remodel / renovate basement