William Penn Life, 1985 (20. évfolyam, 1-6. szám)

1985-01-01 / 1. szám

Continued from page 2, Column 1

President’s Column

William Penn Association Establishes Mt. St. George Fund

The Board of Directors authorized the initial funding of $25,000 to establish this new fund to assure the preservation and upkeep of our recently acquired Mount St. George Home for the Elderly located in Wellsburg, West Virginia. The William Penn Association acquired this home plus 520 acres of valuable property from the former Catholic Knights of St. George as the result of a merger which was approved by the Pennsylvania Insurance Department on August 3, 1983.

Funds of any amount are solicited from our members and friends of our Association. Contributions are tax deductible.

Home Office And Agency Operations

We find it very satisfying that the employees of the former Catholic Knights of St. George have become good workers of the William Penn Association. We were faced with a gigantic task of uniting the two organizations into one family. We have succeeded and our sincere thanks go to everyone. We especially wish to acknowledge the fine production results of our field force which has been directed so successfully by our National Sales Director, Ron Abels, FIC. Even better results are promised for 1985. All of our officers, elected as well as appointed, deserve our congratulations. Our Board of Directors, under the leadership of its Chairman Stephen G. Danko, made our success possible.

Home Office Christmas Choir

As President of the Association, I extend to each member of our choir my sincere thanks. We found that we had much talent among our valued workers. They sang so professionally in our Mount St. George Chapel when they entertained all of us, including the residents of Mount St. George, after a beautiful Christmas Mass which was concelebrated by Father Fred Becker of Mount St. George and Father Paul Bolvary of St. Ann’s Roman Catholic Church of Pittsburgh, Pa. Director of the choir was George (Pete) Charles. Organist for the choir was Miss Helen Stipkovits of St. Stephen’s Catholic Church, McKeesport. Miss Stipkovits is a member of Branch 226. A special thanks to Elmer Furedy who played the role of Santa Claus.

Congratulations to President Bernard Rogalski of the Polish Falcons of America

President Rogalski is one of the country’s finest fraternalists, as well as the successful leader of his society. He was named Fraternalist of the Year by the Greater Pittsburgh Fraternal Societies and will receive his award at a dinner to be held at St. John’s Church in Munhall, Pa., on March 2, 1985. President Rogalski is a very special friend of all officers of the William Penn Association. Congratulations Bernie! You richly deserve this special honor.

At the same meeting of the Greater Pittsburgh Fraternal Societies, our National Treasurer also was honored by being elected First Vice President. Congratulations, John. We are proud of you.

Our Future Is In Capable Hands

As President, I wish to assure our members that our future is very promising. My Administrative Staff worked as a special team, able to deal successfully with all problems placed before it. My sincere thanks to National Secretary Gus G. Nagy; National Treasurer John Lovász; Gay B. Banes, J.D., Vice President Planning and General Counsel; Executive Vice president John Kenawell; Ron Abels, FIC, National Sales Director; Ernest S. Bendzsuk, Chief Underwriter; Fred Maitz, Assistant Treasurer and Frances A. Furedy, Administrative Assistant to the President, who has been so helpful to all of us. Congratulations to each member of he Staff for your dedication and coop^-ation.

Wellsburg, W. VA.

Continued from page 2 column 4

nursing home. Residents are free to leave the grounds with permission and limited van service is available.

The Home is staffed 24 hours a day by Sisters and lay persons with a full-time Chaplain for those who need spiritual guidance. The Home is clean with an atmosphere of loving care. If some person in your family needs a home to live in peace with faith you will be proud to visit them in this beautiful environment. The Home is available for inspection visits.

The Board also authorized plans to renovate an older wing of the original building, now unused because of fire regulations. New maintenance and other personnel were recently hired to begin preparing and refurbishing many of the rooms. The Board has also authorized a study of the old Vancroft Mansion to house the Association library and museum. It will combine all the libraries, files, antiques and memorabilia of the many Societies which have merged into the William Penn.

It is the intent of the Board to maintain the financial integrity of the Knights of St. George Home at Wellsburg, West Virginia, so that it will become self-sustaining.

Its Board of Directors organized and held its first meeting on December 11, 1984 at the Home Office. The Officers of the Corporation are: John F. Kenawell, President, Director; John Sabo, Chairman of the Board, Director; Roger G. Nagy,

Vice President, Director; Barbara B. Botkin, Secretary, Director; William J. Haberstroh, Assistant Secretary, Director; John L. Lovász, Treasurer; and Frances A. Furedy, Assistant Treasurer.

Gay B. Banes, J.D., was appointed General Counsel and Kenneth A. Eiserman was retained as Certified Public Accountant to the Foundation.

Donations to the Foundation will be solicited from our members with their premium notices. The Foundation is off to a grand start with a $25,000 donation made by the Board of Directors of the William Penn Association.

If you want to make a donation to the Foundation in honor of any special occasion or in memory of your parents or loved ones, you may make your check payable to the Mt. St. George Foundation, Inc. and mail to 709 Brighton Road, Pittsburgh, PA 15233.

Actuarial Comments Continuned from page 3

• Lapse assumptions;

• Surplus drain;

• Surplus drain recovery period; and

• Policy format.

The officers and actuaries believe that the decisions by the officers result in the best possible blend of cost to members, benefits to members and profits to the WPA. The reasoning behind these decisions will be presented to the members in future articles. WPA members should know how their leaders make these decisions for the benefit of the entire organization.

Meanwhile, if you have questions about your current coverage, do not hesitate to contact the home office.

Bruce and Bruce Company

Home Office Personnel Continued from page 2 column 3

Underwriting:

Ernest S. Bendzsuk — Chief Underwriter

Richard W. Toth — Underwriter Trainee

Mary G. Szeszak — Underwriting and Policy Issue Kerri L. Budnick— Underwriting and Policy Issue Fred L. Maitz, Jr. —

Assistant Treasurer Karen L. Clarke — Receptionist and Commission Accounting

Marion Lynch — Mortgage Payments

Charlotte Mozga — Clerical Frank Haydok — Mail Clerk John Tusai — Printing and Supplies

A & H Claims:

Camille McKeown — Claims Adjustor

Donna Griffin — Claims Adjustor

Anna Hitt — Clerical Barbara Hunt — Clerical Joan Rectenwald — A & H Member Services

Investment of the future Continued from page 2 column 2

As of this writing the final reports were not in, but preliminary compilations reflect that the ratio of 10.29% during 1983 will be matched, or exceeded in 1984.

We began 1984 with a new program of selling securities with a low interest rate and purchasing securities with a higher rate of interest. As we begin 1985 we will place a greater emphasis in reducing our bond portfolio of securities with low interest rates in such areas as

municipals, Canadian bonds, etc. and we will purchase larger institutional size blocks of high yielding securities.

An Association cannot justify its existence unless it provides to its members the services to which they are entitled. We are constantly aware of the obligation to pursue programs of major benefit to the members.

Through a rigorous program of obtaining the maximum yield on our investment dollar, we will be able to provide these services to the membership.

Ambassador Nicholas M. Salgo Continued from page 6 column 2

Peter Goldmark, Dr. Edward Teller, Dr. Theodore von Karman, Thomas P. F. Hoving, Joseph Szigeti, Janos Starker, Ambassador Angier Biddle Duke, Hon. Dr. Marion Mill Preminger, Dr. Fritz Reiner, Antal Dorati, Admiral Lewis S. Strauss, Dr. Mason W. Gross, General Robert Wood Johnson, Dr. John C. Kemeny, Stevan Dohanos, Joseph Pasternak, Janos Scholz, Dr. Nicholas L. Deak, Dr. Nicholas R. Doman,

Zoltán Gombos, (deceased), James E. Burke, Eugene M. Lang, Andre Kertesz and Eugene Fodor.

The American Hungarian Foundation was founded in 1954 and is a non-profit organization devoted to furthering the understanding and appreciation of Hungarian cultural and historical heritage in the United States. Through grants the Foundation supports student and scholar exchange programs, publications and academic programs in Hungarian studies, fellowships and research at American universities and colleges.

In New Brunswick, New Jersey, the Foundation is on the threshold of constructing the National Hungarian Heritage Center with its museum, archives and library. A fund drive to raise $2.9 million in capital and endowment funds is successfully underway. An extensive library and museum collection including rare books and manuscripts is maintained by the Foundation.

The American Hungarian Foundation is located at 177 Somerset Street, New Brunswick, New Jersey 08903.

Director Joseph Arvay represented the William Penn Association at this awards dinner.

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