Peruvian American Endowment
Established October 14, 1989

If you are celebrating a reunion this year, it is a wonderful time to make a lasting difference to the mission of the Cayetano Heredia School of Medicine, just as it has made a difference in your life. Any gift, no matter how small, will make an impact.

La Directiva del Peruvian American Endowment, agradece a los miembros que han colaborado con su tiempo y trabajo a las labores del Endowment. También, de manera muy especial, agradecemos sus contribuciones económicas.

	Para mayor información
Luis Sirotsky, MD President Peruvian American Endowment 459 South Country Club Drive Atlantis, Florida 33462 luchos@bellsouth.net Andres E Suarez,MD Treasurer Peruvian American Endowment 8055 Steeplechase Drive Palm Beach Gardens, FL 33418 webmaster@websbest.net © 2004 Peruvian American Endowment

 

Recientes actividades del PAE :

Compra de equipos para el laboratorio de Bioquimica
Laboratorio de Quimica en progreso
Broncoscopio pediátrico para uso en el Hospital Cayetano Heredia
Beca a estudiante.

Save the date!

Next annual meeting September 26-28, 2008. South Padre, Texas  2008!

 

Treasurer report: Andres Suarez, MD

 

January 26, 2008

 

	PAE TREASURER’S REPORT
Updated to:	1/25/2008
Donations Collected
(year-to-date)
	Prior Year	This Year
Membership	$6,200.00	$600.00
General Donation	$11,400.00	$300.00
For Computers	$6,700.00	$0.00
Fondo Porturas	$13,541.00	$0.00
Promocion 1967	$13,000.00	$1,000.00
Total	$50,841.00	$1,900.00
Donated to UPCH
	Prior Year	This Year
Endoscope	$4,305.00
Pay Student Balance	$1,630.00
Lab Donation UPCH	$29,470.17
Beca Beltran Huerta Lobaton	$1,500.00
Computadoras	$4,585.51
Total Donated	$41,490.68
Assets
CASH	$27,022.33	4.66%
Fixed (CD's)	$256,136.53	44.18%
Managed Acct	$296,275.66	51.11%
Bonds	$270.41	0.05%
Total Assets	$579,704.93	100.00%
Liabilities
Hotel (meeting 2006)	$7,263.75
Total Liabilities	$7,263.75
Net Worth	$572,441.18

 

 

September 29, 2007

PAE Total assets (net) to September 2007: $ 544, 545.20

They are distributed as follows: Cash 9.42 %; fixed 62.78%; US equities 27.74%; bonds   0.06%

2007 PAE Income: Total: $20,863.

From membership $3400; From Fondo Porturas Donations $6388; From Computer Donations $5800; plus other donations that completed $20, 863

PAE expenses were distributed as follows: Pediatric endoscope $4,035; Two students scholarship $3,130; Chemistry laboratory $29,400; Computers $4,500

 

Marzo 1, 2007

Compañeros Heredianos:

Mi primera comunicación como tesorero del PAE.

Tratar de igualar la dedicación y efectividad de Lucho Sirotzky (tesorero anterior y actual presidente) sería futil, asi que no voy a pretender hacerlo.

No está demás recordarles lo mucho que le debemos a la UPCH, no sólo en cuanto a nuestra formación profesional y humana, sino también en lo financiero. No hace falta recordarles lo poco que nos costó el estudiar en Cayetano; Aun calculado en dólares actuales, el costo monetario que incurrimos fue una fracción minúscula de lo que les costó estudiar en USA a nuestros coetáneos, y es una fraccion ínfima de lo que cuesta actualmente.

Ser miembro y donar al PAE es la manera mas fácil de retribuir a UPCH en la medida de nuestras posibilidades individuales. Los aliento a renovar su membresía para el año 2007 ($100) y a donar tanto como puedan por encima de la membresía.

Por favor envien sus cheques lo antes posible a:

PAE
c/o Andres E Suarez
8055 Steeplechase Drive
Palm Beach Gardens, FL 33418

Les recuerdo que tales donaciones son ‘tax deductible’, ante el IRS.

Como nota aparte, me gustaría saber si tendrían interes en participar en la rifa de un vehículo de unos $50,000 de costo, con el fin de colectar fondos para PAE. Cada número se vendería en $500. Cualquier persona (no solo miembros de PAE) podría participar (menos los directivos de PAE o sus familiares) sin límite en la cantidad de números por persona. Solo emprenderíamos este proyecto si obtenemos el compromiso de por lo menos 100 de nuestros miembros. La rifa sería en vivo, y con las debidas pautas de transparencia, durante la próxima reunión anual, sin necesidad de que el ganador esté presente en la reunión. Si estás dispuesto a comprar por lo menos un número, por favor envíame un email que solo diga ‘dispuesto’ a webmaster@websbest.net.

Muchas gracias por vuestra colaboración, un abrazo cordial,

Andres E Suarez

Promocion 1971

 

Total PAE assets: $ 547,344 US dollars

Cash (3%) $ 15,479

CD’s (71%) $ 392,345

SP500 (26%) $ 141,620

The finance committee from the previous administration was terminated on 10/21/06. The philosophy of this committee was conservative: 70% on CD’s, 25-30% on stock market and 5% cash. Now the new Treasurer Dr. Suarez has to form a new 4 member committee.

 

 

Adjuntamos las minutas de la ultima teleconferencia del PAE, realizada Enero 7, 2007.

Aprovechamos la oportunidad para notificarles que las cartas de donación correspondientes al 2006, estan en proceso y deberan recibirlas el mes próximo.

Luis Sirotzky, Presidente PAE
Lourdes Valdez, secretaria 

1) Roll call

Meeting was called to order at 20:07 hrs ET, January 7, 2007.

Members present: Luis Sirotzky, Benjamin Robalino, Jorge Arce, Luis Sanchez, Cesar Pena, Jorge Calderon, Mario Eyzaguirre, Adriana Antigoni, Armando Bedoya, Jorge Guerra, Fernando Diaz, and Lourdes Valdez

Guest: Ramon Rosales, economist; invited by Fernando Diaz.

2) Minute of silence for the “passing of Dr. Ramiro Castro de la Mata”.

3) Minutes last Teleconference. Lourdes Valdez.

Last teleconference was on September 10, 2006. Minutes were received and reviewed by all members present today Cesar Pena moved to approve minutes, and they were approved unanimously.

4) Treasurer report. Andres Suarez

Dr. Sirotzky presented the report since Dr. Suarez is not present today.

Total PAE assets: $ 547,344 US dollars

Cash (3%) $ 15,479

CD’s (71%) $ 392,345

SP500 (26%) $ 141,620

The finance committee from the previous administration was terminated on 10/21/06. The philosophy of this committee was conservative: 70% on CD’s, 25-30% on stock market and 5% cash. Now the new Treasurer Dr. Suarez has to form a new 4 member committee.

Jorge Arce proposed to have same members of the old committee to continue. Dr Sirotzky asked the former members. Lourdes Valdez and Luis Sirotzky declined to continue.

Dr Sirotzky asked for volunteers.

The new Finance committee by volunteer election includes: Andres Suarez (treasurer), Luis Sanchez, Jorge Guerra and another member to be appointed by the treasurer.

Fernando Diaz asked if the economist Mr. Ramon Rosales can be a voluntary member of this committee, he will have no vote, but his expert opinion is valuable to consider. Dr\Sirotzky will discuss this issue with the treasurer.

5) President report. Luis Sirotzky

Dr Sirotzky has been on this appointment for the last 2 months. He acknowledges the collaboration and enthusiasm of several members. He hopes for positive results during this next two years , so the PAE can contribute to the growth and improvement of the UPCH (Universidad Peruana Cayetano Heredia), Hospital and Peru.

There are several ideas, areas to cooperate, specially related to donation of equipment.

6) Old business

a) PAE Chapters. Luis Sirotzky

Dr Sirotzky would like to improve communication between PAE and its members; recruit new members, and improve donations.

After several discussions he believes the best way is to recruit new members is to assign a member on each class (promocion) to be the main contact to promote PAE ideals, collaboration and enrollment. Dr Sirotzky will look for each of these individuals in each class. Specially classes from 1980 to 2006. He also is willing to travel and personally visit groups of people.

Cesar Pena emphasized the need to contact Peruvian professionals in the US so the PAE can be perpetuated. He mentioned Dr Belda would be able to help us with this issue.

Jorge Guerra asked to clarify if any graduate from the UPCH can be member of PAE, including different schools (dentistry, science) or post graduate education.

Dr Sirotzky clarified that indeed, any type of graduate is welcome. Mario Eyzaguirre will notify the secretary of 6 dentists that are now interested of becoming members.

Benjamin Robalino mentioned that the “regional representative” should be considered as well. For example he knows of 40 alumni from the classes of 1985-1995 in Texas. He will invite this people become members, and would like from the Secretary to obtain the names of the current members living in Texas.

Fernando Diaz proposed to have a printed publication of PAE philosophy and activities.

Benjamin Robalino suggested to better having a web page. Dr Sirotzky acknowledges the existence a web site started by Roberto Miki, but it has not been updated. He will ask to have it updated or put in charge of a different person/group.

Mario Eyzaguirre volunteers to do a power point presentation of PAE philosophy and achievements to be sent via e-mail to old and new members.

b) Academics Laboratories UPCH. Luis Sirotzky

Dr Sirotzky informed us that four years ago, PAE and the UPCH Rector Dr Oswaldo Zegarra decided to improve four academic laboratories for student training. So far two of them are appropriately equipped (Biology U$ 33,000; Biochemistry U$ 29,000). This year 2007 is time for the Chemistry lab (budget of 30,000), and the microbiology lab will be done in 2008.

c) Fondo Porturas: interest earned 2006.

Created in 1975 by Palo Levitus to assist students economically. Over the last 2 years has helped two students for a value of U$ 4000. Dr Sirotzky presented that after lengthy discussion with treasurer it was decided to add 3% interest to this “Fondo” (that is a simple average of the interest earned by CD’s and cash). This money has to be considered “cash’ available at anytime for an economical emergency for a student(s) in need. Another option is to change the bylaws and specify that there will be non interest earnings for money donated for a specific cause.

Luis Sanchez proposed this is a good deed, and should be supported and continue to grow and earn interest. He also would like Dr Sirotzky to investigate about the fact that already some students at the UPCH are being expelled for not paying their tuition fees.

7) New Business

a) Other areas of aid. Department of Pediatrics Hospital Cayetano Heredia.

Dr Herminio Hernandez is the actual director of the Department of Pediatrics in the Hospital. Dr Nelly Baiocchi is the director of the Education Department of the UPCH in the Hospital. They both have contacted PAE and expressed the urgent need of a pediatric fibro bronchoscope. Dr Sirotzky has found some refurbished equipment that accommodates this need on the cost of 3000-5000 U$. Dr Eyzaguirre, who is a neonatologist and pulmonologist, believes the price is acceptable and moves to approve this motion. It was approved unanimously.

b) Plan to receive donations.

Dr Sirotzky has had several discussions with experienced people involved in donations to Peru; including Dr. Miguel Pro, Dr. Abraham Vaisberg, and Mr. Antonio Uipan from DFEI logistics.

At this time the most effective way would be to send material donations to DFEI logistics in Miami, FL who are willing to accumulate them for free until certain volume/ amount reached. Then Dr Sirotzky will be in charge to do the paperwork with the Peruvian consulate so that the donated material would not have problems reaching its destination.

The cost of the transportation of donation to Miami would be responsibility of the donor.

8) Announcements

• Annual meeting.

Jorge Arce has discussed the possibility of organizing the meeting in San Diego with other members; with Adriana Antigoni being the coordinator of the event.

Cesar Pena moved to approve the motion of the PAE annual meeting to be held in San Diego, California. Approved unanimously.

Originally annual meeting for 2007 was going to be held in San Antonio, Texas; but it is now not possible.

Proposed date: First weekend of October 2007.

9) Adjournment

The meeting was adjourned at 21:07 ET / 18:07 PT

 

Treasurer report: Dr. Luis Sirotzky

Members of the Peruvian American Endowment. I am making available the financial status of our organization as of December 31st, 2005. For reference I include the 2004 fiscal year numbers.

The great news is getting over the $500,000 mark that was set for our organization in 1989.  

Looking forward for a great 2006. We are ready for the purchase of equipment for the Biochemistry Laboratory around March 2006. My many thanks to all donors for your generosity in past years.

 

	End of Year	2004		2005
	Cash	65,242.33	13.97%	63,603.35	12.15%
	Fixed Income	288,652.09	61.82%	334,481.15	63.90%
	U.S.Equities	113,013.45	24.20%	125,365.94	23.95%
	Total	466,907.87	100.00%	523,450.44	100.00%

 

5th PAE Reunion in South Florida

October 16, 2004
Click for details

 

STATE OF THE FUND REPORT

October 31, 2004

	Year	Donations	PAE Assets
	2000	$19,850	$373,093
	2001	$12,350	$370,146
	2002	$33,200	$380,947
	2003	$32,307	$435,131
	2004*	$38,800*	$455,705*

*as of October 31, 2004

2004 figures represent donations/assets as of October 31
 

PAE 5th Annual Scientific / Social Gathering
Fort Lauderdale- Sunrise
October 15-16 2004
Revenues
Registration fees					11,370.00
Donations plus dues					17,880.00
TOTAL						29,250.00
Expenses
Hilton Hotel
	Welcome cocktail			1,845.04
	Breakfast/Lunch			1,746.96
	Dinner			3,844.98
	Misc.			19.16	7,456.14
Dr. and Mrs Leon Barua airline tickets					1,000.00
Dr. and Mrs Leon Barua room					197.58
Dr. and Mrs. O. Zegarra room					197.58
Band					1,250.00
Plaque					83.00
Stationary and stamps					319.43
CME					420.00