President’s Report

2025-26 Annual Report

As we conclude another year of labor together, I am honored to present this report on the work your Board has undertaken to strengthen the long‑term financial health and operational sustainability of our Valley. Our mission remains steadfast: to provide a premier Masonic experience rooted in the highest principles, teachings, and ideals of our Craft. To preserve that mission for future generations, we have pursued deliberate, principle‑driven reforms to ensure that the Valley of Chicago remains fiscally sound, well‑governed, and positioned for the next century.

Two years ago, the Valley faced a challenging financial outlook. Rising costs, inflationary pressures, and structural imbalances placed strain on our operating budget and threatened the long‑term viability of our Endowment. In response, your Board conducted a comprehensive review of our financial model and implemented a series of strategic corrections. These actions were not temporary adjustments; they were long‑term reforms designed to safeguard the Valley’s future.

I am pleased to report that these efforts have produced meaningful and measurable results. The financial cliff once projected has been significantly extended, and the Endowment is no longer expected to peak prematurely. While we still forecast a ten‑year shortfall, this represents a substantial improvement from the projections we faced just two years ago. This progress reflects the collective work of our Board, committees, staff, and leadership.

Key Measures Implemented and Their Impact
Event and Meal Cost Alignment Pricing was adjusted to ensure that meals and events cover their actual costs, eliminating recurring losses and restoring accountability to the operating budget.

Dues Increase The increase from $80 to $100—the first adjustment since 2013—stabilized our revenue base and offset inflationary pressures while preserving the quality of the member experience..

Property Tax Optimization Securing a P‑Tax freeze on the 333 property reduced our annual tax burden from $120,000 to $80,000, generating approximately $40,000 in annual savings that directly support infrastructure and maintenance..

Insurance Restructuring A $17,000 policy was replaced with an $800 coverage solution for our pathways, freeing capital for reinvestment while maintaining appropriate protection.
Infrastructure Investment Plan for the Building Fund In April 2024, more than $3 million was reallocated into a 60/40 investment strategy targeting 6–7% returns, aligning our assets with a 30‑year infrastructure plan and ensuring sustainable growth..

Building Fund Transition With the Building Fund now self‑sustaining, additional contributions are no longer required. Current projections show 28 years of viability, covering $9 million in future costs and leaving a positive value at the end of that period..

Transparency and Member Engagement Through a feasibility study on the 333 property and open communication with our membership, we strengthen trust, accountability, and shared purpose.

A Valley Strengthened by Brotherhood
Collectively, these reforms have stabilized our operating budget, preserved the Endowment’s growth trajectory, and reinforced the Valley’s financial foundation. Most importantly, they ensure that our resources will serve both our current members and the generations who follow us.

Throughout this period, the Executive Committee has continued to deliver high‑quality reunions and events, ensuring that our members enjoy the rich experiences that define the Valley of Chicago. Our committees, staff, and leadership have worked diligently to uphold the standards of excellence for which our Valley is known.

I extend my sincere appreciation to our Illustrious Active, William E. Tienken, 33°, and our Illustrious Deputy’s Representative, Andrew A. Keppy, 33°, for their continued guidance and support. Their leadership has been invaluable throughout this process.

Looking Ahead
The Valley of Chicago is strong, stable, and positioned for the future. We have honored the trust placed in us. We have strengthened the foundation of this Valley. And we have ensured that the light of our Craft will continue to shine brightly for generations to come.

It has been one of the greatest honors of my Masonic life to serve as your President, and I am deeply grateful for the trust you have placed in me and in the Board.

Sincerely and fraternally submitted,

Brian J. Owen
Board President