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Alumni

Finance Committee

This committee is usually chaired by the class treasurer, who coordinates with the reunion chair to establish and maintain a balanced budget. The class fee should be set high enough to cover all anticipated expenses but not so high as to deter attendance (see examples of past fees). 

There are a number of options that can be offered by your class as far as registration fee categories, but there are also some restrictions and guidelines. Work with your class liaison to have the options you select included on the online registration form. You will need to have fees set for the following categories of attendees by December 1:

-Registering Alumnus/a
-Guest who is an alumnus/a
-Non-alumni guests
-Widow/ers
-Children ages 11-15
-Children ages 4-10
-Children 3 and under

Copies of income and expense summaries from previous classes are available from Alumni and Parent Programs. While these financial reports are not exact guides, they are useful in the planning process. The most common problems are the following:

  • Undercharging - Since the college cannot defray class costs for Reunions, some classes have had to ask classmates for additional contributions after Reunion (or make up any shortage themselves) because the fee charged did not cover costs. Plan carefully and build a generous cushion into your budget for expenses that may be higher than anticipated. Make a conservative estimate of the number of classmates and guests likely to attend when establishing a budget (see attendance histories as reference).
  • Incomplete Collection of Fees - The college will provide you with regular updates of who has registered and will supply a final list at your headquarters. It is up to the class treasurer and other class officers to note any attendees who do not appear on the final list of registered classmates and request that they register and pay the class fee.
  • Inadequate Cash Flow - Some caterers and other vendors require advance deposits. Encouraging classmates to register early will avoid tying up someone’s personal funds. Sometimes classmates are willing to advance funds for early expenses.
  • Extravagance - Lavish dinners, expensive entertainment and excessive souvenirs require fees that could turn some away. Unless you have an overwhelming mandate from the class, focus on keeping the expenses down.

Class Bank Accounts

The college holds agency accounts for Reunion classes. Funds collected online (for class and college Reunion registration) are directly deposited into class accounts. Checks sent in with paper registration fees are mailed directly to the college and should be made out to “Amherst College Class of XXXX.”

The funds in these accounts remain wholly owned by the class, and therefore are not tax exempt. Each class, through its designated representative (treasurer) has the authority to set class Reunion registration fees, and raise and expend funds on behalf of the class.

Alumni registering for Reunion complete a single registration form with a single payment for class activities and college housing. The single payment is deposited by the college into the appropriate accounts.

All bills should be submitted to your class liaison in Alumni and Parent Programs for payment. To be reimbursed for out-of-pocket expenses, be sure to submit receipts. It generally takes two weeks for checks to be processed and mailed by the college.  Please keep that in mind when planning with vendors. If you are working with a vendor that has not previously done business with Amherst College, please have them submit a federal W-9 form with their bill.

Your class liaison will provide your class officers with updated class account information, usually on a monthly basis, with more frequent reports as necessary. Alumni and Parent Programs will email a current registration list, with fees paid, each Friday beginning in mid-January before Reunion.

 

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