08/14/2022
The monthly newsletter of our Alumni Organization, the MCU EXPRESS has served as a means of communication to Alumni since the 1970’s. As your Public Relations Officer, the Constitution states:
PUBLIC RELATIONS OFFICER: S/He is responsible for promoting the achievement of the purposes of the organization through the expert use of the media, newsletters and other forms of communicating with the members, both active and inactive, as well as other allied medical alumni professionals and the public by sharing the organizations charitable and selfless efforts to improve the delivery of health services not only in the Philippines but around the world through the services of the MCU Medical Alumni.
You will be able to interact with our MCUMAFAA in a more personal way with the new website that I am constructing, but in the meantime, here is a more traditional newsletter – An MCUMAFAA “Express”, to patch the gap until the website has been launched.
In this brief issue, we focus on the Endowment Fund.
The 'formal' Endowment Fund was initiated in 1990 before the merging of the Foundation and Association.
and
The Endowment Fund had grown to $37,115 by 1995. This modest beginning yielded substantial fruit as you will see.
Eventually, the fund was managed professionally by a money market manager, who continues to manage the account some 16 years later.
Fast forward to 2022 and the Endowment Fund is now $163,314.00 USD.
Also in 2022,dividends (interest) are being monitored daily (in real time) by the treasurer online, and the Fund accrued $10,000 in the last 10 days. It is common for the fund to accrue $50,000+ in a year in interest. The current market in the USA is experiencing some volatility, yet our Fund is gaining in value. This is due to experienced management.
The careful monitoring and management of this Fund is done professionally by an investment advisor in close communication with our treasurer who has personal experience with this type of account for over 45 years.
The idea of growing the capital in this Fund and distributing a percentage of the dividends to MCU is not a new one, nor an unusual idea. Alumni Associations throughout the world do the exact same thing.
The larger the Endowment Fund, the greater an alumni Organization's contribution can be to the Alma Mater.
In this way, the process of giving back to our Alma Mater can continue, irrespective of the demise of individual members.
A larger Endowment Fund identifies an alumni organization as an 'institution', rather than just an 'association'.
Proper attention to the fund is one of our fiduciary responsibilities as officers of the MCUMAFAA, and one that is taken seriously.
Additionally, as a Non-Profit Corporation, our Alumni Association is required to provide documentation in a spirit of transparency to all who may be interested, not just members of our organization.
The founders of the MCUMAFAA should be respected and complimented for their forward thinking and wise contributions to an organization which moves closer and closer to institutional status as the Endowment Fund grows.
Thank you, our fellow Alumni!
Let us pray that the Good Lord will continue to guide those who monitor and manage this account with wisdom, patience, and fortitude.
If you know of someone celebrating a birthday, wedding, graduation, etc. our newsletter can publish it.
The Class of 1963 reports the demise of Dr. Angel Cunanan in Hawaii this past May.
https://obits.staradvertiser.com/2022/06/12/dr-angel-cunanan-12062022/
The Class of 1962 regrettably informs you of the death of the wife of Dr Leonardo.
https://www.lampasasdispatchrecord.com/obituaries/mrs-leonardo
All of us extend our sincerest condolences and pray that they rest in peace.
Respectfully submitted,
Cesario Dayahan MD
Public Relations Officer
