Building for the Future
What does the purchase of a new headquarters building mean? Then President G. Richard Holt, MD, pondered this question in February 1998, just after the AAFPRS Foundation purchased its own three-story townhouse in the Old Town area of Alexandria, Virginia.
His answer, in part: It is concrete evidence of the success of the AAFPRS Foundation to assist those of us who practice this special discipline.
A more pragmatic answer came from Peter A. Adamson, MD, who noted that the building is located in a municipality that offers financial incentives to professional societies that relocate there. Our current occupancy costs will be only about half of what our projected leasing costs would have been, he added.
Purchased with a down-payment from the Founders Club, which will be commemorated in the boardroom, the building is mortgaged for $600,000. To pay off the mortgage and endow a maintenance expense fund of $550,000, the campaign seeks a total of $1.15 million.
Goal $1.15 million
We want to be in control of our destiny. The only way to be assured of that is to have our own facilities.
Howard W. Smith, MD, DMD
This building should stand as a tribute to the efforts of our founders and predecessors, and as a reminder and challenge to those of us who have the responsibility, now and in the future, to strive for excellence and ethics in our patient care.
G. Richard Holt, MD
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