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What we call formal is any event where the brothers get together in suits (or the closest approximation, recognizing that many brothers can't prioritize enough that 50 beer = one low end suit) and we have either initiations, awards or a major ritualistic event. We mainly limit formals to initiations, because we group such events to cover a wide range of things, but we've had other occasions we call formals.
The university itself does not hold formal "formals" or homecomings. We simply don't have the interest or the local alumni base.
Thomas
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