Dear Alumni, Family, and Friends of Mowglis,

Some years after I’d left the Mowglis staff I

was having lunch with my old boss, Mr.

William B. Hart. I observed that Mowglis was

roughly the same size as the small business I

was running, but with two employees and

small office it was clearly easier for me to

make ends meet. Mr. Hart smiled and told me

that Mowglis seldom made money even in

Colonel Elwell’s day. The camp stayed open

because Mrs. Elwell, a woman of some means,

gave him what he needed to balance the

books. I was surprised to hear that a successful

camp like ours was walking a financial tightrope, but Mr. Hart, a

tough old Yankee when it came to managing camp finances, assured me

that most private schools and camps were in the same position.

Today some things haven’t changed. Our Director, Mr. Bob Bengtson,

keeps a tough Yankee eye on every dollar we spend, and we still depend on

the generosity of our alumni to close the gap between tuition and expenses.

The trustees of the Holt-Elwell Memorial Foundation take our role as stewards

of the camp’s assets very seriously and work hard to be worthy of

each donor’s generosity. This annual report, covering the 2006 fiscal year

(11/05-10/06), is part of an ongoing effort to make sure our books and

accounting procedures are complete and transparent. If you ever have

questions about this please feel free to contact either Mr. Bengtson or

myself directly.

As you read this, our boys are preparing for another Mowglis summer.

New uniforms have been purchased and bathing suits, flashlights, and

sleeping bags are being made ready. On June 23rd the boys will arrive at

camp. Amid the commotion and excitement of saying good-bye and moving

in to their dorm, new and old campers come together and start making

those special friendships that make the summer work. The weeks that follow

offer experiences that are often challenging and always memorable.

The program is varied enough that every boy finds an activity that he will

enjoy. Our boys grow and gain confidence throughout the summer, and

when they head home they’re ready to move ahead. Together we make this

happen, year after year.

Good Hunting,

Charlie Walbridge