July 29, 1997
TO: BOARD OF GOVERNORS No. 44-97
RE: STATUS OF 1997 IMPAC CAMPAIGN
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At the May Board of Governors’ Meeting, we urged you to make your contributions to
IMPAC now. You will recall that IMPAC was unacceptably low on funds and was very short
of its fundraising goal for 1997.
We are writing to report that IMPAC’s financial situation is improving. As of today, the
IMPAC balance is $126,000. This is due to the tremendous response we have received from you
and your colleagues. Since May 7, six Board members have met their 1997 goal and many more
are on their way to doing so as well.
While we are gratified by the response from the Board, we still have a long way to go to
meet IMPAC’s goal of $375,000 this year. Thus far, IMPAC has raised $162,000. It is critical
that we raise the remaining $213,000 before October 1 in order that our industry, through
IMPAC, can continue to fully participate in the political process. Your firm, along with all
Institute members, has shared the benefit of our industry’s political successes. We are counting
on all industry leaders to continue to lead in supporting IMPAC so that this success can
continue.
First, we would like to thank, once again, those members who have met their 1997 goal.
Second, if you are already participating but have not yet met your 1997 goal, we would like to
urge you to do so before October 1. And finally, if you have not yet begun your 1997 IMPAC
effort, we would like to encourage you to please do so by completing the attached participation
form and returning it today.
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We thank you for your efforts on behalf of IMPAC and on behalf of our industry. For
your information, we have attached a current report regarding IMPAC activity by the Board. If
you have any questions, or require any materials, please contact Shannon Billings at the
Institute at 202/326-5892.
John J. Brennan Don G. Powell
Chairman Vice Chairman
Attachments (in .pdf format)
Contributions to IMPAC are not deductible as charitable contributions, nor do they give rise to
a tax credit for federal income tax purposes.