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PhiPsiRuss,
I actually think more Princetonians feel a closer tie to their eating clubs after graduation (than to their GLO), partly because of the physical fact of the clubhouse (GLOs aren't housed). My gut is that the majority (not all) of Princeton Greek alums feel loyalty and ties to their _chapter_ but don't feel huge ties to their inter/national organizations. In terms of monetary giving as alumni, I think people are more moved to give to a physical institution they can enjoy when they return to campus and relive the sites, sounds, even stale-beer smells that were so much a part of their Princeton days.
This is just my opinion, as a Princeton alum. I really don't think the clubs lose or will lose anything from the GLOs. Actually, I think the GLOs in many ways reinforce loyalty to the eating clubs, as often many members of the same GLO will join the same eating club (effectively doubling those members' loyalty to the eating club).
Wrigley,
The fraternities were there very early in Princeton's history, then started to come back in the early 80's. Theta was the first sorority there, founded in 1983. We didn't have a lot of visibility until Pi Phi joined us in 1990/91 and we founded the Panhellenic. While non-recognition definitely presented some hurdles in the early years (no access to mailing lists, having to pay for meeting facilities, etc.), the lack of University recognition actually works quite well. It means a lot of work on the part of alum advisers and the college Panhellenic (I can't speak for the fraternities), but a lot of autonomy.
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