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Old 04-08-2003, 02:38 PM
greeklawgirl greeklawgirl is offline
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Join Date: May 2001
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Quote:
Originally posted by Glitter650
But I don't really think money is the main problem unless it comes to being able to buy a house or not.
I have to disagree with you on this one, Glitter. Although we dearly love our GLOs, they are also businesses which require money to operate and remain on the cutting edge.

Housing is not the only area that requires money. Expansion costs a lot of money--publication packets, travel expenses, recruitment expenses, the cost of having a Leadership Consultant with the colony full-time. That's not cheap.

All your leadership programming costs money. Conventions and Leadership Conferences cost money. Printing your publications (like the magazine) is enormously expensive. I haven't even included the costs of your day-to-day operations of Headquarters Staff. Just think about how much the organization spends on mailing costs every year! Yikes!

Unfortunately, in many ways that old saying is true: money makes the world go round.

I've actually been able to see the financial spreadsheets of many fraternities and sororities (amazing what you can find on the internet) and I was stunned to see many of them operating in the red. Some Foundations are running on fumes.

I don't know what we can do to even out the disparity between the larger and smaller organizations, but you can't delude yourself into thinking money doesn't matter. And before any of you go running off to find your Foundation's spreadsheets to make yourselves feel better about how financially stable your Fraternity is...keep in mind what Cream said. EVERY SINGLE fraternity or sorority out there right now--I don't care WHO you are-- is only ONE or TWO risk management lawsuits away from filing for bankruptcy. If that doesn't sober you up fast, I don't know what will.
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