As a participant in the Chancellor's Circle or Chancellor's Associates, you will receive reports from Jerry Bepko on how he puts your gifts to work.
( ( As ( ( a participant ) ( in ( ( the ( Chancellor 's ) ) ( Circle ( or ( ( Chancellor 's ) Associates ) ) ) ) ) ) ) ( , ( you ( ( will ( ( receive reports ) ( from ( ( Jerry Bepko ) ( on ( how ( he ( ( puts ( your gifts ) ) ( to work ) ) ) ) ) ) ) ) ) . ) ) ) )
(ROOT (S (PP (IN As) (NP (NP (DT a) (NN participant)) (PP (IN in) (NP (NP (DT the) (NNP Chancellor) (POS 's)) (NP (NNP Circle) (CC or) (NP (NNP Chancellor) (POS 's)) (NNPS Associates)))))) (, ,) (NP (PRP you)) (VP (MD will) (VP (VB receive) (NP (NNS reports)) (PP (IN from) (NP (NP (NNP Jerry) (NNP Bepko)) (PP (IN on) (SBAR (WHADVP (WRB how)) (S (NP (PRP he)) (VP (VBZ puts) (NP (PRP$ your) (NNS gifts)) (S (VP (TO to) (VP (VB work)))))))))))) (. .)))
You will not receive any reports regarding how your gifts have been used. 
( You ( ( ( will not ) ( receive ( ( any reports ) ( regarding ( how ( ( your gifts ) ( have ( been used ) ) ) ) ) ) ) ) . ) )
(ROOT (S (NP (PRP You)) (VP (MD will) (RB not) (VP (VB receive) (NP (NP (DT any) (NNS reports)) (PP (VBG regarding) (SBAR (WHADVP (WRB how)) (S (NP (PRP$ your) (NNS gifts)) (VP (VBP have) (VP (VBN been) (VP (VBN used)))))))))) (. .)))