Endowment Report 2021-2022

ENDOWMENT REPORT 2021-2022

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DEAR ALUMNI AND FRIENDS:

Students in Professor Frank Pazzaglia’s Surface Processes class investigate shorelines and the role of barrier islands at Island Beach State Park in New Jersey. Fieldwork like this emboldens students to explore new ideas and engage in exciting research outside of the classroom.

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As with anything we cherish deeply, we strive to ensure its strength and longevity. To see this in action, we only have to look at what we have done here at Lehigh. Together, we’ve gathered our accomplishments, memories

Fiscal year 2022 was challenged by significant volatility across asset classes including both equities and fixed income. As a result, we saw the endowment decline by -2.7%. While nobody could have fully anticipated the extent of the decline in global markets, we were mindful of the frothiness of valuations coming into

of dear friends and life-changing mentors, and our proudest traditions to preserve them for generations of Lehigh students. More than a legacy, an endowment is a promise that the same Lehigh experience that shaped us will continue long after we are gone. Though times may be turbulent at home and abroad, Lehigh not only endures, but thrives because of the strength of its endowment. Collectively, we impact so much of what makes Lehigh what it is. We unite to champion the 50% of our students who depend on financial aid and scholarships, providing that critical support with more than 282 endowed scholarships created during the campaign. We join in carrying Lehigh’s spirit across the globe with our students to 53 host countries because of the Iacocca International Internship Program. This spring we are looking toward the future as we discuss our strategic plans, which will chart Lehigh’s course and mission well into the next decade. Yet, we would not be Lehigh without recognizing our past. This semester, we began the renovation of the Clayton University Center, to breathe new life into its founding spirit of collaboration and community. Finally, we also honor the impactful legacy of Lehigh’s first coeducational cohort by welcoming applications for Soaring Together Scholarships from the Class of 2027. Lehigh’s history, our history, moves forward. So much of that momentum happens because of you. Your generosity and belief in Lehigh’s endowment is what secures and shapes our shared legacy, allowing it to live on. Our ideals and memories made during our time at Lehigh proudly exist today because of all of our efforts and care. Thank you for your support over the years and for your steadfast commitment to enshrine the Lehigh experience for all current and future students. As chair of the Tower Society, I sincerely thank and am deeply honored to stand with you. In the following pages, you will see how Lehigh has grown over the last year. You will receive an update on GO: The Campaign for Lehigh, as well as an understanding of how your generosity impacts students and faculty across our campus. Finally, you will see the current financial position of the endowment. The experiences and memories we cherish here on campus today, and those that are being fostered right now, will remain hallmarks of this great university because of you.

the year and continued to prudently rebalance the equity portfolio. In addition, with the full support of the Investment Committee, we judiciously reduced the target allocation of our public equity exposure coming into fiscal year 2022 to protect from a potential negative shock to markets. These asset allocation decisions were contributing factors to the preservation of capital and meaningful excess return generated during the year versus global benchmarks. The result of performance during the year for both endowment and university assets was an ending value of $2 billion. While the public equity asset class generated negative performance consistent with the precipitous decline in equity markets, we were able to offset losses with significant positive performance across the real estate, absolute return, and private equity asset classes. The real estate portfolio was the top performing asset class, generating a +22% return through both meaningful rental growth and higher sales prices. The absolute return portfolio generated an +11% return with consistent positive performance across hedge funds, private credit and opportunistic strategies. The private equity portfolio generated an +8% return with positive performance across venture, growth equity and buyout strategies, despite write-downs to capture the multiple compression and overall negative market environment. The treasury portfolio, while marginally negative, held up well as we shortened the overall duration, therefore reducing sensitivity to rising interest rates and repositioning the portfolio to capture an attractive yield opportunity. Our private market exposure has meaningfully increased over the last several years from a combination of both positive performance and a tremendous pipeline of investment opportunities. Looking forward, we expect the significant growth in endowment assets to provide greater flexibility in our asset allocation to take advantage of illiquidity premiums in private markets. In addition, we continue to be encouraged with the performance of our diversifying asset classes, including absolute return and real estate, which have continued to generate consistent return, uncorrelated to risk assets. As we enter fiscal year 2023, we remain vigilant of the current market environment which is characterized by a continued decline in equity markets exacerbated by historically high inflation and rising interest rates. We remain nimble by maintaining a high cash balance that will allow us to hedge our overall market exposure as well as take advantage of volatility and multiple compression once the market stabilizes. One positive outcome of the current rate environment is that in stark contrast to the last several years, our high cash balance can generate a meaningful yield while patiently seeking a safer entry point. Thank you for your ongoing support of the Lehigh endowment and the very important role it plays in advancing Lehigh’s strategic priorities and programs. Kristin Agatone Chief Investment Officer

Thank you. Go Lehigh! With warmest regards, Mike Caruso ’67 Chair, Tower Society

Cover: The Linderman Library Rotunda remains an iconic feature of Lehigh’s campus, serving generations of students as a hub for study and quiet socialization. From its majestic stained glass dome, to the original iron spiral stairs, the rotunda represents Lehigh’s enduring legacy.

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Senior Kyle Burke ’23 outpaces on the track and excels in the classroom. Whether it is scholarships or endowed coaching positions, the endowment supports student- athletes like Burke every step of the way as they learn, grow, and lead at Lehigh.

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TABLE OF CONTENTS

GO: The Campaign for Lehigh An Update............................................................................. 6

Endowment Perspective ......................................................8

Value of the Endowment.......................................................9

Endowment Overview..........................................................10

Making an Impact Sustaining the Mission of the Arts...............................12

Board of Trustees.................................................................14

Contact Us............................................................................14

Tower Society Members.....................................................16

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GO: THE CAMPAIGN FOR LEHIGH An Update

Emily Schmidt ’24, led by Professor Justin Jaworski, puts her research team’s owl-inspired glider through a flight test. Inspired by Jaworski’s research innovations in the design of quieter wind turbines and airplanes, these students reached new heights by winning first place at Lehigh’s STEM Summer Institute Research Day. 6

WE FUEL DISCOVERY AND CHANGE.

In 2018, we launched the most ambitious fundraising campaign in Lehigh history — and you have stepped up. GO: The Campaign for Lehigh is on its way to engaging more than 50% of all contactable alumni and raising more than $1 billion to support students, enhance campus, and invest in our research capabilities and new opportunities. We’re excited to share an update on how far we’ve come together. Here’s what happens when we GO: WE SOAR. The new Soaring Together Scholarship Program provides an unprecedented amount of support — full tuition merit scholarships, guaranteed funding for experiential learning, and career and professional development — for students dedicated to advancing gender equity. Launched with four foundational gifts from Mark Alpert ’70; Trustee Maria Chrin ’87 ’10P and John Chrin ’85 ’86 ’10P; Trustee Ann Lewnes ’83 ’22P and Greg Welch ’22P; and John Staub ’86, the program commemorates Lehigh’s milestone anniversary of coeducation and is open to applicants starting with the Class of 2027. WE BREAK DOWN BOUNDARIES. Thanks to the generosity of Cathy Engelbert ’86, Lehigh athletes will have the chance to grow and succeed like never before. The Cathy Engelbert ’86 LEAD (Leadership, Empowerment, Athletics, and Distinction) Scholars Program will uplift cohorts of women and male advocates and make a tangible impact on the development of women and girls at Lehigh and across the Lehigh Valley. WE BUILD THE FUTURE. GO is changing the face of South Mountain while preserving the spirit and integrity of the campus we know and love. From the now-open Health, Science, and Technology building and soon-to-be-complete Business Innovation Building, to the reinvigorated Cundey Varsity House, planned Indoor Field Facility, and reimagined Clayton University Center, the Lehigh of tomorrow is taking shape.

By investing in students and faculty through internships, research, and endowed chairs, you’re celebrating and supporting past, present, and future Lehigh people. Mike Zisman ’70 and his wife, Lisa Gamble, established the Zisman Family Chair in Chemical and Biomolecular Engineering in honor of Professor William L. Luyben, Zisman’s professor and a Lehigh faculty member since 1967. And Linda and D. Brooks Zug ’67 created the Community Health Student Internship Fund in the College of Health to support experiential and community-based learning opportunities for students. Thanks to your collective enthusiasm and generosity, we are closer than ever to achieving the bold goals and transformative vision of the campaign — and there’s still work to do. We’re grateful for everything you’ve made possible so far and excited about where we GO together from here.

$780.5 MILLION as of fiscal year close June 30, 2022

66,560 DONORS

33% CONTACTABLE ALUMNI ENGAGED since the launch of the campaign

View the campaign impact report.

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ENDOWMENT PERSPECTIVE When Asa Packer founded Lehigh University in 1865, he realized that a solid financial base was necessary if his vision was to transcend the generations. His $3 million initial endowment fund, Lehigh’s first, is now one of the largest funds in Lehigh’s $1.7 billion endowment. Packer’s fund has been joined by almost 3,000 other endowments. Together, they advance Lehigh’s strategic priorities and the programs about which you care so deeply.

scholarship, ensures that the most talented students have access to a distinctive Lehigh education. This helps increase the quality of Lehigh’s academic profile and reputation. Prestige. Named endowed funds allow Lehigh to recognize the generosity of the donors who make them possible and also carry great honor for the beneficiaries who put their knowledge and expertise to work to expand our impact as a university. Agility. When continuous resources are provided by endowment, annual budget dollars become available to pursue ideas and innovations, allowing Lehigh to remain competitive and thriving in today’s rapidly changing world.

Consider the ways in which endowment has an impact: Endurance. The endowment is one of Lehigh’s most powerful financial tools. Your support sustains the educational mission of the university and creates a legacy for generations to come. Quality and Reputation. The effect of a gift to Lehigh’s endowment, particularly one in support of financial aid and

At Lehigh, students and faculty innovate together because of the research support that the endowment provides. Under the mentorship of top-tier faculty and equipped with cutting-edge laboratories pictured here in the Emulsion Polymers Institute, these students remain focused on meeting tomorrow’s challenges head-on.

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VALUE OF THE ENDOWMENT Fiscal year ending June 30, 2022

In the past ten years, the university’s endowment experienced growth based on donor support and investment return net of operating distributions. During this period, the market value has increased from approximately $1.103 billion at June 30, 2013, to $1.679 billion at June 30, 2022. While the $70.4 million of distributed earnings from the university endowment must be used according to the specified purpose of each

fund, the payout touches all areas of the university and demonstrates the ongoing commitment to financial aid with more than 46% of the university’s donor restricted endowment designated for scholarships and fellowships. In fiscal year 2022, institutional financial aid was provided to more than 50% of undergraduate students, with an average need-based award of just over $49,313.

Endowment Fund Market Value Growth History

Donor Restricted Endowment Funds

Spending Distribution Growth History

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ENDOWMENT OVERVIEW Endowment Management Lehigh’s Investment Office manages the day-to-day

increase of -2% and 5%, respectively. The spending distribution from each endowment fund is used to support the purpose as specified in the endowment agreement between the donor and the university.

operations of the investment program. The office is under the fiduciary oversight of the Investment Subcommittee of the Board of Trustees and is led by the chief investment officer. In the management of the endowment, there are three primary objectives. Financial Objective The principal financial objective of the investment program is to preserve and, if possible, enhance the real purchasing power of the endowment principal in order to ensure the university’s financial future. The endowment must strike a balance between the preservation of principal in real terms for perpetuity and support of the university’s current operating needs. Investment Objective In order to achieve the financial objectives of the investment program, the investment goal of the endowment is to generate a real return of 5% annualized (net of inflation) over the long run. The 5% real return goal is expected to allow the university to grow the principal of the endowment in order to support future generations’ needs and to maintain its current spending objective, which supports near-term university operations. It is understood that the asset allocation of the endowment will be the primary driver of its performance over time. The Finance Committee and Investment Subcommittee set the asset allocation policy that is expected to achieve the 5% real return investment objective. While the Finance Committee and Investment Subcommittee set the asset allocation policy, the Investment Office is responsible for the implementation of the policy and the day-to-day management of the endowment. Spending Objective The endowment will transfer to the university’s operating fund annually 5% of the twelve quarters moving average market value of the endowment. On a per unit basis, the transfer will result in a minimum and maximum annual

Fiscal year ending June 30, 2022

The university’s endowment lost -2.7% for fiscal year 2022, net of all fees and expenses. The Policy Benchmark is a weighted average of market indexes that represent each asset class in the endowment’s policy asset allocation. The Global 60/40 portfolio is defined as 60% MSCI ACWI index and 40% Barclays Aggregate index.

Annualized Returns Percentages

1 YR

3 YRS

5 YRS

7 YRS

10 YRS

PORTFOLIO

Lehigh Portfolio

-2.7 9.7 9.3 8.3 8.3

Benchmark Portfolio

-6.8 8.2 8.1 7.6 8.8

Global 60/40 Portfolio

-13.4 3.7 4.8 5.0 6.0

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Interdisciplinary research uncovers innovative solutions to the most pressing problems we face by championing differing viewpoints, voices, and values. Modern workspaces and open-space labs like this encourage our faculty and students to collaborate across disciplines to explore revolutionary ideas.

Target Asset Allocation Percentages

FISCAL YEAR 2022 TARGET ALLOCATION

FISCAL YEAR 2022 RETURN

ASSET CLASS

COMMENTARY

The Public Equity portfolio was a detractor after being impacted by a broad-based global equity market sell-off. This was further exacerbated due to the portfolio’s over allocation to growth and quality sectors and underallocation to commodity sensitive securities. The Private Equity portfolio was a contributor to performance despite broad-based mark-downs impacting the industry. The performance was positive across each of the sub-portfolios but led by venture capital managers posting the strongest returns. The Absolute Return portfolio was a consistent contributor to performance despite volatility within global equity and fixed income markets. The portfolio is structured to be highly uncorrelated to markets and achieved positive performance across each of the sub-portfolios including hedge funds, credit and opportunistic largely capitalizing on idiosyncratic opportunities. The Real Estate portfolio was a sizable contributor to performance led by the continued reversal of mark-downs taken from the uncertainty caused by COVID-19. The industrial and multi-family sectors, which represent the largest exposure within the sub-portfolio, were the largest contributors. The Treasuries and Cash portfolio was only a slight detractor to performance despite the 10-year treasury yield doubling during the fiscal year from 1.5% to 3.0%. The portfolio navigated the environment well due to the sizable overweight to cash relative to treasury securities.

Public Equity

-24

37

Private Equity

8

30

Absolute Return

11

20

Real Estate

22

5

Treasuries & Cash

-1

8

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SUSTAINING THE MISSION OF THE ARTS

Above: Student performers diligently rehearse in Baker Hall for one of Lehigh’s “must see’’ events: DanceFest. Below: Zoellner Arts Center welcomes and provides travel funding for local middle and high school students to experience and share in the arts at Lehigh.

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Arts

F or a quarter century, Zoellner Arts Center has championed the arts at Lehigh, enriched the surrounding community, and infused creativity into our everyday life. Yet, as with most of Lehigh’s greatest innovations, we would not be celebrating such a milestone without the leadership and steadfast support of people who deeply believe in Lehigh’s future. From its founding in the early 1990s through the generosity of its namesakes, Robert ’54 and Victoria ’15GP, Zoellner’s story shines as an example of what happens when a team of like-minded Lehigh people come together to shape life not only at Lehigh, but in the Lehigh Valley as well. We often say that a Lehigh education can transform our students, but for Oldrich “Ollie” Foucek III ’72, it truly did. Foucek comes from a long line of builders and engineers, who instilled in him the belief that to correctly build something was to impact those around us. Like others interested in engineering, a young Foucek found Lehigh, applied early, and was accepted. But for Foucek, things changed when he came to Lehigh and spent time in classes with professors like Jim Frakes and Joe Dowling. And it was in those English and history classes that Foucek discovered the power of the arts to inspire. As the current chair of the Zoellner Advisory Council, Foucek has used his time at Lehigh to inspire action among his peers. And Foucek remained true to his family’s devotion to building something that benefits society. When Foucek established the Zoellner Advisory Council Director’s Endowment Fund, he let his values and his memories of that liberal arts education take center stage. And, as often happens after such a show, others responded in kind. Fellow Zoellner Advisory Council members like Marc Falato ’87 and Anne Kline ’81, inspired by Foucek’s philanthropy, joined in giving to the fund and its mission to bring transformative experiences to Lehigh and its surrounding community. During the 2022-23 academic year, these funds are ushering local schools and nonprofit organizations in the Lehigh and Northampton counties to Lehigh’s campus. Because of this collective action and generosity, anywhere from 18 to 35 busloads of eager audiences make it into Zoellner to witness the power of the arts to inspire, to influence, and to celebrate our differences. And because of the power of endowment, the passion and purpose of people like Foucek, the Zoellners, and so many more, the arts will continue to enrich the students and communities of today and tomorrow.

Ollie Foucek III ’72

Learn more about Zoellner Arts Center’s 25th anniversary celebration and Gala2023.

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BOARD OF TRUSTEES Finance Committee | Fiscal Year 2022 Members Jordan Hitch ’88 ’20P ’21P (Chair) Former Managing Director Bain Capital Jeffrey Bosland ’88 ’22P Vincent A. Forlenza Jr. ’75 Retired Executive Chairman and Chief Executive Officer Becton, Dickinson and Company Mark V. Mactas ’74 Retired Chairman and Chief Executive Officer Willis Towers Watson Investment Subcommittee | Fiscal Year 2022 Members Sarat Sethi ’92 (Chair) Managing Partner Douglas C. Lane & Associates Jeffrey Bosland ’88 ’22P Former Senior Managing Director Cerberus Capital Management LP Eric A. Clement ’99 Senior Vice President and Fund Manager RXR Realty LLC

Sarat Sethi ’92 Managing Partner

Douglas C. Lane & Associates Frank E. “Ted” Walsh III ’88 Partner WR Capital Partners

Jordan Hitch ’88 ’20P ’21P Former Managing Director Bain Capital Mary T. Kush ’88 Principal Douglass Winthrop Advisors Edward Ramos ’89 Head of External Advisors New Jersey Division of Investment Gregory G. Stahl ’92

Christopher M. Scott ’94 Managing Director and Head of U.S. Residential Mortgages Morgan Stanley Frank E. “Ted” Walsh III ’88 Partner WR Capital Partners

Former Senior Managing Director Cerberus Capital Management LP Sumir Chadha ’22P Co-founder and Managing Director Westbridge Capital Partners Jay Clayton Senior Policy Advisor and Of Counsel Sullivan and Cromwell LLP

Chief Investment Officer Dock Street Capital LLC

CONTACT US Please share any questions or comments you may have about the information within this report.

The following offices have contributed to this report and serve as additional resources to assist with questions or comments about Lehigh’s endowment and other assets. Investment Office (646) 397-1992 Treasurer’s Office (610) 758-3180

Development and Alumni Relations (610) 758-3120

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No matter their means or circumstances, all Lehigh students are able to explore their passions wherever they may lead. Here, students conduct research with

faculty in the SEA-PHAGES program in the Ware Lab. Thanks to programs like the Rapidly Accelerated Research Experience (RARE), such hands-on experiences allow students from all backgrounds to succeed in STEM fields. FOR MORE INFORMATION Investment Website Lehigh.edu/Investment Lehigh University’s Investment Office offers an overview of the endowment as well as information on objectives, governance, performance, and growth on its website. University Annual Report Website Lehigh.edu/annualreport The University Annual Report offers highlights of the fiscal year financial results as well as key excerpts from the university’s financial statements.

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The Tower Society represents the bedrock of philanthropy at Lehigh. It recognizes those generous alumni and friends who make a gift to support Lehigh’s mission with a confirmed bequest, by participation in a life income program, or by creating an endowed fund. The Tower Society includes the university’s most long-standing, dedicated supporters and serves as a living reminder of how the past — and the present — can provide for the future. We are enormously grateful to everyone who has contributed to Lehigh over the years. Your enduring support has allowed us to meet the challenges of the past year and continue from a position of strength. We thank you for your support and everything you make achievable.

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1896 George A. Buvinger John W. Dalman Alice and William Dickerman J. Gordon Mason Walter Okeson Ida Louise Stoner and Harry Neff Herr Davis S. Williams 1897 Frank Breckenridge Bell John A. Fisher Jacob B. Krause Victor C. Records Benjamin Dewitt Riegel 1899 Eugene G. Grace Charles R. Hinchman Roy R. Hornor 1900 George C. Coutant Alan C. Dodson Albert D. Hollingsworth Gertrude and William Paul Starkey 1901 Constance and Newton Buch Samuel P. Heitshu Charles J. McGonigle Luther D. Menough 1902 Lillie Robb Hall William L. Helm Mary and Donnel Hewett 1898 Edward D. Hillman Harold J. Horn Leonard S. Horner

1905 Ben C. Bentley Mr. and Mrs. John D. Berg William L. Estes, Jr. Mary and Nevin Funk

1906 Harvey M. Burkey Stewart J. Cort Clyde C. Denlinger Estep T. Gott Roger S. Guerber Frank W. Jefferson Ethel and Milton Kirk

Members

FOUNDER Asa Packer

John Walter Ledoux George F. Pettinos Frank S. Smith Henry A.J. Wilkens Frank Williams 1888 Albert Brodhead Luther Rees Zollinger Jane and Ralph Dravo Charles R. Hinchman Clarence Walker 1890 Frank R. Coates Robert S. Mercur Alexander Potter Samuel Dexter Warriner 1889 Samuel E. Berger

1872 William S. Cortright

1907 Louis Antonsanti Marion T. and Mahlon Daniels Henry J. Groeninger Mary Louise and Earle Johnson Edna and Clair Loucks Alice and Philip MacQueen Eleanor and Martin Schmid 1908 Bertha and James Bayless George Raleigh Brothers Louise and John Gressitt Norman L. Johnson

1874 Annie and Robert Mitchell 1875 Edward H. Williams, Jr. 1876 Charles W. MacFarlane Charles L. Taylor 1878 Henry M. Byllesby John W. Eckert Benjamin B. Nostrand, Jr. Murtha P. Quinn 1883 Walter O. Briggs, Jr. Garrett Linderman Hoppes Preston Albert Lambert Henry A. Porterfield Francis H. Purnell

Theodore F. Kotz Walter P. Morrison Cajetan Morsack 1909 Alfred P. S. Bellis Robert J. Desh

1891 Mr. and Mrs. John R. W. Davis Eleanor and Alban Eavenson Ralf R. Hillman Henry Kemmerling George Edward Wendle

Sidney L. Hechinger Charles H. Jennings Gertrude and Henry Maddock Lloyd McEntire John C. Stoddard Richard August Wahl Raymond M. Wolfe

1893 Charles W. Parkhurst 1894 Lawrence C. Brink John Jacob Frank James E. Hughes 1895 Franklin Baker, Jr. C. Kemble Baldwin

1884 David G. Kerr James Ward Packard

1910 William W. Broadbent George H. Crocker James C. Gorman Robert P. More Holden I. Tripp Carl A. Woerwag 1911 Walter C. Carson John S. Kiesel Walter L. Merkel Charles W. Rauch Othello H. Schroedl Oliver Hobson Smith

1885 Felix Freyhold

1903 Richard S. Cunningham

Walter D. Gernet Alfred R. Glancy Emory T. Miller

1886 Mr. and Mrs. Henry G. Reist Edwin S. Stackhouse Curtis H. Veeder 1887 Fanny and Francis Dravo

1904 Frances and Harold Bonner, Jr. Emma and Charles Orth John H. Powell Margaret and Francis Sinn

Mary and Robert Bartholomew Blanche and Eugene Brown William Wheeler Coleman Elisha Barton John J. Livingston Poultney Helen and Nathaniel Thurlow

Henry S. Haines, Jr. William F. Kiesel, Jr.

Bold type denotes new members.

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1912 Ruth and Wheaton Douglass Grace and Burton Hartley Elizabeth and Walter Nevius 1913 Harold R. Blackman Jacob Blaustein Robert and Helen Campbell Willis B. Clemmitt Mr. and Mrs. Robert T. Dynan William C. Fry, Jr. Wilson N. Gambrill Walter R. King Clara and Leon Mart Miriam and Pat Pazzetti 1914 Eleanor and C. Burton Backes Creighton D. Bickley Bertha and William Kaufmann Arthur B. Leonard Harvey Louis Street II 1915 Gladys and Albert Blank Alfred V. Bodine Harry J. Dilcher Gwendolyn and Jesse Dilley Niel Matheson Martha and William Mayer Mary and Harry Vitzthum Helen and Myron Weaver William H. Wills Stanley A. Wuchter 1916 Harold F. Bergstresser William C. Cahall, Jr. Dorothy and Leicester Lancaster Ralph J. McMillan Dorothy and Thomas Robinson Harry L. Rust, Jr. George A. Smith Mina and Laury Stem Gordon C. Thorne Hazel and Walter Volkhardt Rachael and Robert Wieseman 1917 Margaret and Dudley Bach Wilbur A. Beck Elsie and Samuel E. Fishburn Paul B. Reinhold Carll R. Streets William F. Tapking, Jr. Chandler Weaver Andrew K. White

1922 Mr. and Mrs. Joseph L. Boltz Paul E. Bowman Sophia and Granville Brumbaugh Edgar B. Cahn Janet and James Carey Godofredo M. De Menezes Jacob A. Gerlach Jeanette and David Green Mary and Rupert Hughes John S. Hull Moncrief O. Jefferson Raymond A. Keenan Mary and John Killmer Janet and Carl McKenzie Robert W. Nichols Henry E. Passmore John Pfeiffer June and Edwin L. Reynolds

Blanche and Bernard Jacobson Dorothy and Chester Kingsley Dixon H. Kirkpatrick Dorothy and Frank Magee Mr. and Mrs. Raymond L. McCann

Bessie and Ray Kravis J. Porter Langfitt Mr. and Mrs. Donald C. Luce Sidney T. Mackenzie Charles B. Mitchell Edward H. Richardson Milton S. Roth Eleanor and Edwin Scheetz, Sr. Paul E. Schwartz Camille and John Shigo John C. Swartley, Jr. Jane and Ralph Swartz Mr. and Mrs. Edward K. Thompson Florence and William Wehrenberg William P. Wooldridge Warren W. York 1925 Charles W. Allen James B. Austin Elizabeth and Allison Bayles Harold B. Chambers Mr. and Mrs. Edward Curtis Allen C. Dubois Paul B. Entrekin Jane and Edward Garra Charles H. Geho Kenneth L. Isaacs Spencer C. Kittinger Leo C. Krazinski Fern and James G. Law Margaret and William Leavens, Jr. Bertha and Franklin S. Lerch Oliver P. Nicola, Jr. Harry J. Pittenger E. Halstead Platt Mildred and Jerome J. Polachek Joseph A. Ricapito 1926 Elizabeth P. and Ernest E. Althouse Virginia and Paul Anderson Nelson Leighton Bond Mr. and Mrs. Loris M. Dutt Mary and Donald Hornbaker Joseph E. Hunter Paige D. L’Hommedieu W. Harry Lister Irma and John Maxwell Frederic Mercur Dorothy and Thomas Robinson John H. Schmidt Florence and Kenneth A. Sheppard

Hamilton E. McDowell Ray Sands Nostrand Michael J. Repa John B. Schwoyer 1918 Homer A. Bachert Paul G. Breinig Percival L. Hallowell John McC. Latimer Arthur W. Lewis

Helen and W. David Maginnes Dorothy and Henry Nils Roest 1919 Johanna and Walter Amick Roy R. Coffin Mr. and Mrs. Gilbert E. Doan Ivan P. Gerber Grace and John Hardy Dorothy and Fred Hesselschwerdt Helen and Thomas C. O’Neill, Jr. Isabelle and William Schaub Lois and Harry “Chalky” Schelden Charles S. Schubert Mr. and Mrs. Edward F. Whitney 1920 Henry T. Bowman Howard S. Bunn Hobart A. Farber Sidney and Edward L. Forstall Merritt Judd August M. Kuhlmann

Leslie C. Ricketts Samuel H. Shipley George F. A. Stutz

1923 Mr. and Mrs. Stanford E. Abel Ruth and Edward Beale Mr. and Mrs. Henry C. Bieg Elmer Bloch Margaret and Everett Decker Mr. and Mrs. Charles Fancher

Myron I. Garber William F. Hager Shandy Hill Walter M. Kocher

Clara and Samuel Lebovitz Marjorie and Robert Major C. Raymond Minnich Marguerite and Francis O’Keefe

Mr. and Mrs. Robert Platt Evelyn (Reiter) Price and Irvin Reiter Elijah Richards Amelia and Edwin Rieman Jane and Henry Rohrer Virginia and Edwin Snyder Joseph E. Walton Therese Rectanus and Adolph Wuethrich

Lawrence F. Reed Harry S. Saxman Robert C. Weishaupt 1921 Robert D. Billinger Louis J. Dembo Benjamin Ettelman James Royce Farrington Julia and Samuel Flom James H. Goodwin May and Robert Hicks, Jr. William A. Leech, Jr. Avis and Henry Maddox Monroe J. Rathbone Ralph L. Wilson

1924 Anonymous

Sara and Charles E. Alwine Caroline and Abner Baker Erma and Edmund Bennett Alfred G. Blake Jeanne M. (Conley) Rogers and Thomas G. Conley George Hampton, Jr.

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1929 Eileen and Arthur Achilles Elizabeth and Charles Alter Mr. and Mrs. Stephen P. Becker Eloise and Roland G. Benner Elizabeth and Forest Benton Marjorie and Thompson Chandler Betty and Leonard C. Crewe, Jr. Harriet and Robert R. Davis, Sr. Henry K. Erwin John P. Evans Mary Louise and Edwin Gott Laura and Cecil Guyatt Arthur D. Harris Margaret and Joseph Illick, Jr. John I. Kirkpatrick Carl F. Kurtz William P. Linn Elizabeth and Hamilton Maginniss Wight Martindale Eugene A. Pelizzoni Carl S. Pennington Mary and George Prokop Margaret and Herbert A. Riker Betty and Bob Sax 1930 Genevieve and Reginald C. Barber Rea and Horace Barnes Mr. and Mrs. Milton A. Briggs Jesse B. Bronstein Mr. and Mrs. John K. Conneen Janet and John Deichler Mr. and Mrs. J. Stanley Dey Mr. and Mrs. Andrew M. E. Dunlap Gretchen and Fred Emhardt William R. Foley Virginia and Bernard R. Hale Jacqueline and James Heilman Richard J. Hoffman Edward J. Jones Donald L. McKinney E. Franklin Robbins Herman A. Schick Harold M. and Yvette Schwartz Dorothy and Donald Stabler Harold P. Thomas Mr. and Mrs. Charles H. Traeger Carolyn and Edwin Werley Violet and Eli Whitney, Jr. Alice and J. Paul Scheetz Eve and Charles Webbe Mary and Robert P. Kline Linda and Robert Lincoln Richard Lyman

Margaret and Millard Stofflet Henry T. Williamson 1927 Claire and Charles Bowler Ola and Ford Brandon Henrietta and Frank Carozza Jane and Frank E. Cooper Edith and J. Donald Cottrell John C. Croxton Edwin Ashley DeWolf Herta M. (Fisher) Milliken and Frederick M. Fisher John S. Ford Jerdie and Owen D. Goodfellow Norman L. Krey Robert B. Lewis Barbara L. and George Loomis Elizabeth 1984H and Harry Martindale Robert W. Marvin Herbert Weymouth McCord Mr. and Mrs. LeRoy C. Milliken Robert N. Pursel Frederick C. Seeman, Jr. Ruth and Norm Smeltzer Catherine and Willis Stauffer Nathan I. Tyler Irene and Thomas Wright Lawrence J. Heine J. Dunlop Johnson Rose Laura and Louis Bruning Evelyn and C. Vaughn Converse Grace and John Culbertson Sally Ann and Robert Curran Viola and George Fearnside Alfred V. Harris Regine and Lawrence Hirschbach Gladys and Leonard M. Horton Helen and Robert Jewell Mary and Paul Koch Charles K. Krause Mr. and Mrs. Walter L. Miller Mr. and Mrs. James C. Morrison Elizabeth and James Murray Ulla and Arthur F. Searing Mr. and Mrs. Donald B. Straub Mr. and Mrs. Albert J. Sweitzer Lyman D. Warner Eleanor and Edgar Watkins Francis Willis 1928 Harry S. Alwine Aaron B. Baldree F. Edgar Bossard

Robert L. Wiener Mildred and Walter Wills Lloyd G. Wilson Dorothy and William Wynkoop

Franklin C. Murphey Mary and Philip Myers Helen B. and John W. Scheider Jean and Carl Schier Mr. and Mrs. John F. Schwartz C. Courtney Seabrook Ray G. Shankweiler Franklin B. Shaw Mr. and Mrs. Samuel Solomon Alfred T. Stanley 1933 John A. Aufhammer Natalie and Jerome Barney Ted Clauss Mary and Lowry S. Danser Lemoyne E. Decker Mary and Robert Dengler John W. Eagan, Jr. Mr. and Mrs. Ralph N. Fitzpatrick James H. Fountain Janice and Elmer W. Glick Herbert S. Grafton Rudolf H. Hertzog Elizabeth and Warren Johnson Robert K. Knipe Robert P. Landis Carol and Gene LaSchober Robert Peary Lee John A. Lloyd Jeannette and Gerald E. Mintz Edward H. Robb James J. Roessle Harry H. Ruffer Mabel and Earl J. Serfass Christine and Ivor Sims 1970H Felix M. Sommer Wanda and John D. Strachan Margaret and Robert S. Taylor Wilma and Morris Uhrich Mr. and Mrs. Robert B. Wall Celeste and Harry Warendorf, Jr. June and Alex Weiner 1934 Mr. and Mrs. William B. Agocs Isadore R. Aroniss Yvonne and George Barrow Dorothy and John K. Beidler Wilma and Ben Bishop Verna and Remo Canova Eileen and Harold Demarest Jack J. Dreyfus, Jr. Margaret and Bernhard G. Fortmann Ruth and Robert Myers Kathryn and Robert Lee O’Brien, Jr. Philip Rauch

1931 Laura and Albert Baur

Frances and Elmer Binkley Muriel and James Bisbee Louis M. Bloom Alice and Charles E. Burt Stephen H. Condit Olga and Benjamin M. Davis Philip S. Davis, Esq. Helen and Frank Easton Elmer C. Easton 1933G 1965H Alfred Eisenstaedt Susan and John A. Engel Frances and William Engle Minerva and Richard Jenkinson Essick Mr. and Mrs. Henry J. Faust Jeanne and Charles Frederick Mr. and Mrs. Frank W. Gadd Pauline and Irving Gennet Jane and Steven Gregg Wilbur P. Harrower James Heller Elizabeth and Russell E. Hoaster John W. MacCartney, Jr. James T. MacDonald Geraldine and Irving Schaffer Grace and James H. Schnabel Bernice and Francis Shannon Eleanor and Felix Shay Virginia Allen and Francis Shoemaker Sarah and Edward V. Twiggar Pauline and Emery L. VanHorn Cecilia and Joseph Walsh Olive and Lou Wanner Miriam and John Weysser Celia and Donald Wilkinson Robert C. Clark Frank L. Fisher J. Horl Freiday Herbert A. Gaetjens Marian and Merle Graham Mr. and Mrs. Edward P. Heether William S. James Mr. and Mrs. Lawson H. Miller 1932 Mr. and Mrs. George N. Beckwith John F. McClain Francis Neuwirth Lucien H. Platt George M. Rust

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J. Osborn Fuller Morris Goldstein Vincenzia and William T. Harris, Jr. Elizabeth and Charles Hertel, Jr. Catheryn and Milton H. Hutt, Sr. Margaret and W. Ernest Issel Paul L. Kazunas Dorothy and W. Kinsinger George C. Konolige Elinor and Willard Korn Orin T. Leach Thomas Liggett Marie and Richard Lindabury Helen and Patrick H. Loughran Mr. and Mrs. Adolph W. Lubbers Richard E. McLeod Mr. and Mrs. William R. Merriam Mr. and Mrs. Stanley D. Michaelson Cornelia and Linus M. Raring Mr. and Mrs. Robert L. Riley John N. Roper, Jr. Elinor and S. Murray Rust, Jr. Julia and J. Edward Tyler III William C. Winblad 1935 Leonor and Cornelius Ackerson Richard A. Borton James A. Branegan James E. Braunberns Ralph W. Brown Lee and Thomas E. Butterfield Geraldine and Roy Case Edwin S. Chickering Rachel and Curtis Bayer Mr. and Mrs. Francis W. Blanchard Elizabeth and Blair Deale Hope and Samuel Efron Myra and Henry George Jane and Glenn J. Gibson Martha and Stanley R. Goodrich Harriet and Eugene H. Henry Mary and Daniel F. Ivins, Jr. Marjorie and William A. Johnson Gertrude and Robert H. Kampschulte John A. Morse John D. Neely Mary Ellen and Gordon Paterson Walter T. Plumb

Grace V. and Arthur H. Loux Florence and Harold E. Meiselman Ruby and Shelton Musser Mr. and Mrs. Henry C. Pfaff, Jr. Kathryn and Thomas Pratt 1965P Benjamin M. Root Dr. Edwin A. Sawyer Nathan Silverberg Ruth and Clayton Squier Sonia and Alfred D. Tiefenthal Edward S. Tinley Mr. and Mrs. Sumner B. Whitney, Jr. 1936 Mr. and Mrs. Robert L. Bailey Harold C. Bickel Mr. and Mrs. Bernard L. Cohen Virginia and Edmund Collins III Vail W. Cummings L. Mason DeLand Mr. and Mrs. Emil Dieter John W. Dietz Mr. and Mrs. Neville H. Ehmann Dr. Walter L. Finlay Charles E. Gallagher Tom Grainger, Jr. Dr. and Mrs. Walter Guyer Virginia and Sidney Herbert Cora and Dave Hoppock Robert A. Kemmer Mr. and Mrs. Reginald A. Lenna Mr. and Mrs. Jerome Minskoff Lillian and Walter Nutt Herman L. Paul, Jr. Dorothy and Roy W. Prowell Cornelius B. Quackenbush Regina S. Raring Molly and Jack Rosebery Louise and Robert J. Schatz Barbara and Gates Stern Joseph K. Stone Toni and John Swalm Florence and Donald Waidelich Mary and Frederick Walker Jane and Louis Weinstock Jean and Bernard S. Weiss Carl R. Hartman Dudley L. Healy

Beverly S. and George A. Barker, Jr. Frances and Henry Battin Virginia and Mort Berman Jean A. Cramer, M.D. and William McCollum Claire and Theodore L. Diamond Mr. and Mrs. Frederick S. Dornblatt Alta and Kermit S. Dunlap Mabel and Carl Huber Herman R. Hutchinson Clay E. Lewis Harry J. McNally Margaret and Vincent J. Pazzetti III Grace and Lloyd Ramsey Madge and James Redcay Mr. and Mrs. Robert C. Rice Jane and Joseph A. Rossetti Henry W. Schlenker Ruth and Bill Schnabel Luther S. Sprague Doris and Dean T. Stevenson Mr. and Mrs. Charles B. Tillson, Jr. Virginia and Herbert Warren Geraldine and Robert N. Weller Margaret and Robert Werden Edmund N. Woodsum 1938 Helen and Edward F. Aicher Walter C. Allen, Jr. Mary and Rudolph Baizley Ann and James Bergen Marjorie and Lawrence Buckles Nancy and Charles Couch Louise and George B. Cushing Ivah and Wayne Duncan Mr. and Mrs. Vance P. Edwardes J. Curtis Ford Robert Forrest Mr. and Mrs. Carstens Y. Haas Pauline and Harry K. Hammond III Eleanor and Robert Henning George T. Hewlett Louise and Charles Hoffman Franklin J. Howes, Jr. H. Jack Hunkele Catharine and Herbert Imbt Florence and Francis Krupinski Mary and Elbert Mahla Ellen and Norman C. Odell Virginia and Nunzio Palladino Joseph Parmet

Joseph H. Pittenger Dr. and Mrs. Charles C. Price III Barbara and Joseph H. Roberts Jane and George Schiel Jeanne and George Sheppard Mr. and Mrs. Malcolm M. Simons, Jr. Edward G. Smith Mr. and Mrs. Evans H. Stone Barbara and Alexander Brast Thomas Terry and Don Walp Mr. and Mrs. H. Robert Weaver Mr. and Mrs. Charles F. Zell Frances and Michael Bock Marjorie and Thomas Bogert Mary Elizabeth and James Bright Mr. and Mrs. Henry John Brucker 1993GP Jane and Courtland Carrier Mr. and Mrs. Richard Cunliffe Mr. and Mrs. Harold L. Dietrichson Jeanne and John Evans Jean and Robert Evans Nancy and Brian Evans Katherine and Richard D. Faber Robert T. Feld Mr. and Mrs. Milton H. Grannatt, Jr. John G. Greenwood Margaret and John Hankins Mr. and Mrs. H. T. S. Heckman Joanne and Frank Jackson Mr. and Mrs. Frank N. Kemmer Doris and Edward Lukens Donald H. McKenzie Col. Thomas V. Murto, Jr. Donald C. Oskin Jean and Dick Perdunn Robert H. Popper Emma and Harry Rath Jane and John M. Reed George B. Rheinfrank, Jr. Mr. and Mrs. D’Arcy W. Roper II Mr. and Mrs. John D. Saussaman Margaret W. and Erich S. Schifter William H. Schnabel Mr. and Mrs. C. William Sheldrake Micki and Dan Smith Mr. and Mrs. Theodore Thierry 1939 Rev. Herbert P. Aldrich Imre J. Barsy

Pat and Les Wesley William B. Woodring Onetta and Albert C. Zettlemoyer

1937 Mr. and Mrs. William J. Ash

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Mr. and Mrs. John U. Truslow Alice and Joseph Waldschmitt 1973P F. Gretchen 1939W 1972P 1995GP and John C.W. Worsley, Sr. 1972P 1995GP

June and John Hechinger Col. George E. Hesselbacher, Jr. Mr. and Mrs. Walter S. Holmes, Jr. Mr. and Mrs. Raymond C. Huntoon Mr. and Mrs. Charles F. Kalmbach Dr. and Mrs. Morton F. Kaplon William E. Keiser Susan and Wallace Kendall Renee and Marvin D. Kent Richard L. Kirk Martha and Stephen Kowalyshyn Helen and Albert Lee Dr. and Mrs. Willard A. Litzenberger John F. Loose Mary and Dick MacSherry Richard O. Marsten J. Arthur Marvin William S. McConnor Warren H. Miller Mr. and Mrs. James Mitchell Margaret and Arthur Moog Hilma and Raymond Myers Alexander B. Neill Dorothy and Maxwell Paget Beverly and William E. Scott Claire and Bill Siegele Hamilton W. Strayer Mr. and Mrs. Graham F. Thompson, Jr. Doris and Bill Toohey Mr. and Mrs. William A. Vander Clock Dr. Richard A. and Dr. Beverly G. Ware Frederick Wilson, Jr. M. Gretchen and Frank Zimmermann 1942 Anonymous Jean and John Adams Marilyn and Ray Anderson Mr. and Mrs. Joseph A. Arnold Sandra L. and Bob Beering Mr. and Mrs. Edward F. Bodine Harriet and Richard Bright Dorothy and Robert Brune Betsy and Jim Davis Barbara and Vernon Evans, Jr. Jeanette and Musa Eways Harry W. Flueso Lucy and Richard M. Foster Doris and James Galli

Dr. Elinor Georgopulo 1987P and Mr. Panos B. Georgopulo 1987P William E. Gheen George Z. Goetz Mr. and Mrs. Kilbourn Gordon, Jr. Marie and Richard Gordon James Gore III Betty and Leighton Haney Mr. and Mrs. George W. Hanson Chester A. Hoffman Jane and Caleb Holyoke Mr. and Mrs. Alfred E. Horka Jean and Harry W. Jones Mr. and Mrs. John Kellett Carolyn and Don Layton Mr. and Mrs. Charles T. Loveless Camille and William Mainwaring Mr. and Mrs. P. William Marshall Doris and Robert Newcomb Dorianne and John O’Hara Yone and Allen Okamoto Betty and Lowell Oliphant Mr. and Mrs. Richard M. Palmer, Sr. 1968P Mr. and Mrs. George E. Parsons, Jr. Mr. and Mrs. Charles A. Patten Mary and Sandy Sanderson 1967P John S. Saylor, Jr. Theodore G. Scott, Jr. Beverly and Grendon Sebold Gladys and Henry Seebald 1949G Eugene R. Springer Gordon E. Tait Earl L. Weaver Emmet T. White Mr. and Mrs. George G. Zipf 1978H 1943 Elwood B. Backensto Mr. and Mrs. Richard T. Berg Edward L. Blossom Mary Louise and S. Pusey Caldwell Mr. and Mrs. John H. Corson Mary and Charles Curtiss Mr. and Mrs. Edwin H. Dafter, Jr. Mr. and Mrs. Donald Davies Winnie and Ed Davis Janet and Jack deGrouchy

Mr. and Mrs. William T. De Long Mr. and Mrs. Badgley A. Elmes Edward A. Fehnel Jeanne and Robert Fisher Mr. and Mrs. Joseph C. Gabuzda Ann and Jules Gottlieb Doris and John Gressitt Mr. and Mrs. Barton R. Heinz Warren E. Hoffman Rev. William B. Holberton Dr. and Mrs. Arthur F. Mann Roy and Penny Margolies Sally and Quentin Mehrkam Jean and H. Donald Moll Phyllis and Monty Mortimer Virginia and James Niemeyer 1968P 1980P Kenneth H. Norris Ruth and Richard Palmer Lillian and William Remsen Dorothy and Robert Rouse Dr. J. Donald Ryan and Mrs. Marjorie B. Ryan Harriet and Dave Schaper Richard G. Schenck Blanche and Robert Siegfried Mr. and Mrs. Henry C. Swartz, Jr. Mr. and Mrs. William R. Taylor Mollie and John Thurn Doris and Arthur White Madeline and Ralph Wittman G. William Wolfston 1944 Mr. and Mrs. Thomas S. Bannan Joan and William Belser Mr. and Mrs. Philip J. Berg Marjorie and George J. Bleul Eleanor and Bill Bloecher Mr. and Mrs. Charles E. Bosserman A. Newton Bugbee James H. Callahan Robert W. Cawley Mr. and Mrs. C. Norman Charest Mary and Dudley Coles C. Russell and Janet C. Conklin Mr. and Mrs. David F. Cox Warren R. Dix Jack Doxsey Danal P. Epstein Mason P. Pearsall Alfred W. Pedrick Eileen and Jim Price

1940 Charles B. Bayles Muriel and Lester Bittel Louis G. H. Buehler Zora and Charles Eaton

Louis H. A. Feher William I. Freeman

Dottie and Sam Grafton Mimi and Joe Hammond Mary Elizabeth and C. Budd Heisler Mr. and Mrs. William C. Hookway, Jr. Dr. and Mrs. Ernest F. Johnson Robert F. Koenig Russell Kowalyshyn Donald W. MacFeeters Elizabeth and George Maginness Joan and James McGinnis John V. McGuire Gladys and Robert R. Merwin Mr. and Mrs. George B. Motheral II Marjorie and Bob Muir, Jr. Dessie and Charles G. Myers, Jr. Mr. and Mrs. James Oberg Mr. and Mrs. Maynard H. Patterson William O. Seltzer Mr. and Mrs. Edward M. Sharp Mr. and Mrs. Frank G. Steinbrucker Mary Stuart and Edward Uhl Philip R. Van Duyne, Jr. Mrs. Robert F. Wolfe Dr. and Mrs. J. Lamar Worzel Suzanne and Robert Wright 1941 John P. Beal, Jr. Dorothy and Fred Butler Alois and Charles Carter, Jr. William C. Christine Mr. and Mrs. James Duane Frank R. Dunn Mr. Herbert P. Elliott, Jr. Phyllis and William Fredrick Lois and Frederick Gilmore, M.D. Mr. and Mrs. Stan Grossman

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1949 Anonymous Lionel P. Adda Janet and William Arner Joanne S. and DeForrest S. Bast 1979P Joan and John Berdan A. Bruce Borgeson Tish and David O. Brown Henrietta and Robert Byrne, Jr. Mr. and Mrs. John C. Clark Patricia and William G. Clinkunbroomer Webster Dawley Mr. and Mrs. Richard S. DeHoff Mr. and Mrs. Frederick V. Dexter, Jr. Donald N. Diehl Mr. and Mrs. Leonard R. Dimmick Catherine and William Eagleson Teresa B. and David F. Eliezer Patricia and William Elliott Ed and Mary Erikson George F. Fischer, Jr. Jeanne and Bill Fleckenstein Franklin B. Flower Frank J. Frischkorn Judy and Don Gruhn William F. Hahn William F. Hamilton Betty and Philip C. Hanford, Jr. Charles H. and Mary Ellen Hardy Robert R. Hendrick John R. Hershey, Jr. Mr. and Mrs. Robert C. Hicks Eugene W. Hubler Rita and Irving Jelly Mary and Eugene Kunsman Mr. and Mrs. Edward K. Leaton Ronald J. Lenney Jeanne and Raymond Mellen Mr. and Mrs. W. Richard Mertz Warren V. Musser Eleanor and Bill Nichols Bruce N. Ogilvie Donald C. O’Keefe Katherine and Philip Paulus Frederic K. Raiff J. Harvey Roberson J. William Royer John A. Russell, Jr. Greta and Melvin Schissler Walter C. A. Schrader Paul E. Schwab John W. Segraves Hugh G. Spilsbury, Jr. Richard S. Stemler

Ralph A. Evans Virginia and Albert Ferdinand Nancy and Oscar Fox Jean and Paul Franz, Jr. Robert J. Gill Dr. and Mrs. John H. Gross 1948G 1955G Mr. and Mrs. Stuart L. Hammond Douglas Hird Betty 1971P 1975P 1978P 1997GP 2002GP and William Hittinger 1971P 1975P 1978P 1997GP 2002GP Harriet and William Hursh Joan and Russell Jordan Mr. and Mrs. George F. Keller Dorothy and Paul Kervick Richard H. Leeds Charles E. Lehr Ruth 1985P and Roderick Link 1985P Stephen McElroy George T. McKinley Mr. and Mrs. Theodore Megas Herbert M. Muller Robert M. Paddock Nan and George Ramsden Sara and Frank Rhodes Louis M. Richards John A. Ross Jane and Leonard Schwab Jean and Mark Schwarz Mr. and Mrs. Harold J. Seigle Norine and Richard Shafer Mr. and Mrs. G. Whitney Snyder Jeanne and William St. Clair Eugene S. Stowers, Jr. Mr. and Mrs. Merlin Walters Thelma and Harry Walton Ruth and Stephen Woodruff 1945 William Breidinger Mr. and Mrs. John A. Cable Ann and Bill Clark Mr. and Mrs. Samuel W. Croll, Jr. Donald R. Diggs Dolores and Peter Facchiano Mr. and Mrs. Herbert E. Fletcher Carl F. Henzelman, Jr. Lee Iacocca Dorothy and Howard Jansen Mr. and Mrs. Joseph R. Lasser Robert F. Linker Evelyn and John J. Lotz

Marjorie and Phillips Marsden Rowland B. Miles Mimi and W. Robert Moore William D. Pettit Richard M. Ruthhart Mary Ellen and Edward W. Shipley Barbara Shuttleworth Hungerford and Harry B. Shuttleworth George W. Smith, Jr. 1946 Regina and Bob Baumgarten Ralph S. Graber Henry Harman Douglas H. Humm Gerry and Dick MacAdams Anne and Edward Manning Helen and Paul Nicholasen Mr. and Mrs. Lunsford Richardson, Jr. Joyce and Jack Shipherd Kathleen and John Turner 1947 Anonymous Francine and Irwin Alperin Keith W. Amish 1974P Thomas W. Bachmann Hans J. Baer John and Catherine Barrett 1970G John S. Baum Dr. and Mrs. George J. D’Angelo Pauline and John R. Dove Jon Epstein Mr. and Mrs. Donald R.L. Franklin Anne and Wilbur Henry Orrin C. Holbrook Robert S. Honeyman Phyllis and Ward Langstroth Harvey C. Lucks Mary and John Marini Samuel J. Mayo Ruth and Myron Pomerantz Ann and Robert Pope Helen and James A. Shafer Jill and Roy Snyder Carolyn and Vito J. Vitelli Audrey and George Wagner Stewart E. Wenzel Lewis D. Wetzel 1948 Mr. and Mrs. Myer M. Alperin Lloyd E. Antonides

Eugene W. and Catherine Casey Baer Richard P. Bodine, Sr. Richard W. Bradshaw Tedi and Robert Cockley Jean and Walter Creitz Jim Duff Mr. and Mrs. Martin D. Fife Mr. and Mrs. Murray H. Goodman Charles F.S. Grubmeyer June and Leon Holt Betty and Richard Jones Delma and Laurie S. Kelechava Hugo O. “Bud” Kladivko Dave and Suzanne Larky George L. Martin Mr. and Mrs. Lewis I. Mengle Marjorie and Morgan Miller Mr. and Mrs. Harold S. Mohler Raymond T. Mohrey Jean and Leon Nonemaker Nanci and Bill Packard Daphne and David Parke Helen and Kenneth Pike Robert C. Renick Barbara and Thomas E. Rivers, Jr. Connie and Joe Ross Ada and Peter Rossin Ernest C. Rumbaugh Mr. and Mrs. Daniel T. Sachse Isabel and Robert Saydah Mr. and Mrs. Robert G. Shurts David D. Smith 1973P Ethan A. Smith, Jr. Shirley and Richard Smith Mary Beth and H. Gordon Smyth Joseph Sterne Robert J. Stevens Joan and Cole Stratton Mr. and Mrs. Carl W. Strayer Margaret and H. Sheldon Strong Jeanne and Donald Swift John A. Tallmadge, Jr. Charles H. Tavener Rodman B. Teeple, Jr. Harry Topliss, Jr. Anthony V. Ursic Don van Roden Richard B. Walters Peggy and George Weigle Barton D. Weisman Walter and Ruth West Mr. and Mrs. Biddle A. Whigham

22