Endowment News May 2006

This year, the ABI Develoment Committee has undertaken a special effort to raise
funds for the ABI Endowment, which finances research and education on insolvency.
The 2006 Spring Campaign has already begun to yield phenomenal results. Anthony
H.N. Schnelling, the Development Committee Chair, and the other Development
Committee members have begun outreach efforts, including mailings and phone
calls to ABI members asking them to increase their efforts. The response to
date has been very positive. Several new donors have made contributions to the
Endowment, and many more have increased contributions to achieve new recognition
levels. Endowment Recognition Levels are described in the box below. Contributions
that have been received at press time are noted below.

Scott Baena of Bilzin Sumberg Baena Price & Axelrod LLP, who donated
$25,000, is a new Century Club member this year. As Scott indicated: "Reflecting
on our own good luck in the bankruptcy and restructuring arenas, our firm recognized
that the ABI has been the principal bankruptcy organization responsible for
improvements in the administration of justice, continuing legal education and
collegiality, which have enhanced our practice, as well as the quality of professional
life for all bankruptcy practitioners."

Joseph E. Myers and Stuart Kessler of Clear Thinking Group LLC
of Hillsborough, N.J., are also new donors. Joe is managing director of Clear
Thinking Group and strongly values the educational element of the Endowment.
"We are proud to be associated with the ABI and consider it an honor to
be a Lifetime Member supporter of the Endowment. ABI educational programs are
an integral part of our work in the insolvency/restructuring arena. Moreover,
membership in the Institute demonstrates a high level of professionalism, ensuring
our clients and bankruptcy professionals that Clear Thinking Group adheres to
the highest standards and a rigorous code of conduct." David Linn
of Oak Point Partners added, "it is a privilege for Oak Point Partners
to be able to support the Endowment Fund. We are proud to add to the Endowment's
ever-growing financial base and its continuing support for research and education."

In addition, several ABI authors have donated royalties from their ABI publications.
Susan Gummow of Clausen Miller PC has generously donated the royalties
from the First Edition of ABI's Bankruptcy and Insurance Law Manual.

Newest Endowment Donors

(Donor level and above)

Scott Baena $25,000

Bilzin Sumberg Baena Price & Axelrod, LLP

Otto Beatty $100

Baker & Hostetler LLP

Paul Bran $400

Dickstein Shapiro Morin & Oshinsky, LLP

Clear Thinking Group LLC $10,000

Joseph E. Myers & Stuart Kessler

Robert Dangremond $5,000

AlixPartners LLC

Executive Sounding Board Assoc. Inc. $5,000

Martin I. Katz

David Farrell $100

Thompson Coburn LLP

Mark Felger $250

Cozen O'Connor

Penny Friedman $1,250

CIT Business Capital

David Grochocinski $100

Grochocinski, Grochocinski & Lloyd, Ltd.

Geoffrey Groshong $100

Miller Nash LLP

Susan Gummow $1,451

Clausen Miller PC

Reginald Jackson $600

Vorys, Sater, Seymour and Pease LLP

Alan Lasko $400

Alan D. Lasko & Associates, PC

David Linn $5,000

Oak Point Partners

Craig Rasile $5,000

Hunton & Williams LLP

Thomas Salerno $5,000

Squire, Sanders & Dempsey, LLP

James Shea $5,000

Shea & Carlyon, Ltd.

The Hilco Organization $5,000

Benjamin L. Nortman and Richard L. Kaye

Togut, Segal & Segal LLP $5,000

Albert Togut.