Alumni Association...Any Possibility?

I just attended my ex-school's Alumni Meet yesterday and I had an awesome time.
I just thought of it. Why Can't our own School have it's own Alumni Association?
Newsletters can be mailed to members every month and an Dinner is hosted at school every year.
I hope the Principal considers it ( once I bring it up to her ).

But there will obviously be major problems. As in...who will manage the working of the Alumni Association? My Ex-school was founded in 1864 so there are loads of ex-students who are willing to contribute to the Alumni Association ( in both ways...work and money )

I was thinking if this could be a reality for NCS.
But I doubt that'll happen for this batch at least.

P.S : In Case You're Interested CLICK HERE to visit St.Mary's Alumni Association. You'll have a pretty good idea how important they treat the Alumni Association and how important an Alumni Association is to a School and its Ex-Students.