Word: pbha
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Dates: during 1980-1989
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...completion of the three-year capital drive will mark the end of several years of financial setbacks for the student-run public service organization. The difficulties peaked last year when PBHA requested $18,000--its largest grant ever--from the Undergraduate Council, and had to cut back program budgets by 30 percent, according to former PBHA President Van L. Truong...
...PBHA Treasurer Douglas W. Marx '90 said the completion of the endowment drive will provide PBHA with $50,000 in annual funding within two or three years, when all pledges are paid in full and the principal starts building interest. Marx said the greater financial independence will allow PBHA to concentrate on more new projects...
...Marx said that even when the endowment is complete, PBHA will still need grants from the council to fund nascent programs and rising staff costs. He said the endowment also would not completely cover PBHA's day-to-day expenses...
This year, with the endowment still in the works, PBHA will ask the council for about $12,000, two-thirds of last year's request, he said...
...addition, PBHA will continue to rely partially on private contributions...