Perhaps a cookout or other meal can be done at a members home, if enough room is available...that is a nice casual way of getting together.
I also saw a unique team building exercise that can be done by alums, undergrads, or combined.
All the participants stand in a circle (I would break them into groups of 10 or so, if you have a large number of people). Everyone puts their hands out, and grabs one hand from another person (they can't be both hands from the same person). Then, the group is told, without letting go of hands, to untie the knot - so the end result is everyone standing in a large circle. It is a good teamwork and bonding situation, as things can get very interesting with people getting contorted as the knot untangles.
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