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Good afternoon, ladies and gentlemen of the Board of Trustees and thank you very much to Carrie Austin, Chancellor here. We had a very nice visit, thank you very much. It was my pleasure in May to provide you with a brief update, a two month overview really, of the accomplishments of the activities of the Alumni Association. Today, I appreciate the opportunity to present the full annual report for the Penn State Alumni Association. I will share how we continue to live our mission of service to our members, to all alumni and to our alma mater. My report will be in two parts. First, I will provide you with the brief recounting of the first year of our strategic plan. The second part of my report will offer some information about who we are, what we are and how our organization drives alumni engagement and supports this great University. The first goal of our strategic plan was to increase membership and we did this. We registered a net gain of nearly 1,700 members or 1 percent, for a