REGIS

President’s Report
Dear Regis Alumni and Friends of Regis,
This Spring Regis High School has announced
Vision to Lead, an Endowment Campaign
to raise $15 million dollars for the Regis
endowment fund. Already $9.5 Million has
been committed by alumni and friends of the
school, and now in a public phase of our campaign the school hopes to
receive the remaining $5.5 million. Over the next eighteen months there
will be various phases of solicitations, asking alumni and friends to assist
us as generously as you can with a gift in addition to your regular annual
fund contribution. As I have experienced your extreme generosity over the
past eight years, I am confident you will rise to this challenge and meet
this goal.
“Why a campaign?” you may (and should) ask. The answer is simple: the
endowment is structured to grow at inflation rate (if we limit ourselves to
spending 5% of an average 7.5% growth rate). Costs increase at a greater
rate than inflation in a school that has to meet rising costs of competitive
salaries, increased medical insurance expenses, and the need to grow
programs (to mention a few). This is what develops the “gap” in the
Regis fiscal formula, which I have been writing to you about over the past
several years.
45% of support. It is clearly very important for this tuition-free school to
have a strong fiscal basis, and that will only happen with an ever-stronger
endowment. Other schools with significant endowments have made major
strides in increasing their funds, and Regis cannot afford to fall behind in
the same effort to ensure long-term fiscal health.
You may find it unusual for a president to announce a campaign a few
short months before his departure. While it may be the case, I have no
worries that it will succeed. We have worked hard these past few years
in preparing this campaign and in soliciting major gifts, announcing
the campaign with already two-thirds of the goal committed. With the
experienced leadership of Father Joseph O’Hare, my successor, with the
continuity in the Development Office under Jim Buggy’s direction, and
with the strong tradition of generosity of the Regis Alumni and Friends,
this timing is insignificant. I know you can do it!
When you are contacted for a gift, be it by phone or by mail, please do
consider making a generous gift in addition to your ongoing annual fund
support. Campaigns ask all of us to stretch a bit, for the sake of a greater
good. I hope you will be willing to do so.
Sincerely in Christ,
On a regular basis the school will need to find added monies for the
endowment to allow it to fund between 40-45% of annual costs, and have
the annual fund (which has grown at a greater rate) maintain a similar 40-
ON THE
INSIDE
President’s Report ... Fr. J. Thomas McClain, S.J. ...............................................................
To Members of the Regis Community ... John A. Werwaiss ’60 ......................................
Planned Giving at Regis ... Jim Buggy ..............................................................................
New Annual Fund Director ...............................................................................................
Through the Hallways ... Therese Klay, P ‘99, ‘01 .............................................................
A Sighting of Father Steven V. Duffy, SJ ... Father Jim Carney, SJ ‘43 .......................
Ignatian Understanding ... Rev. Kenneth Caufi eld, S.J. ......................................................
Regis Roundup ... Jack Prael, ‘63 ........................................................................................
Father McClain and Regis ... J. Thomas McClain, SJ .......................................................
2003-2004: A Year in Review ...........................................................................................
Capital Campaign .................................................................................................................
Class of 2004: Who’s Going Where ...............................................................................
Regis News and Notes ........................................................................................................
Prowlings ................................................................................................................................
Milestones ...............................................................................................................................
Calendar of Events ...............................................................................................................
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