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Minutes of Foundation Meetings are listed in the menu to the left inchronological order with the most recent at the top.
Return to Foundation Home Page
The meeting was called to order at 1:10 p.m.
In attendance:
Tony Touchon, Marlin Smith, Charles P. Johnson, Don Gordon, and Ed Curran. Also attending were Rick McManus, Loren Peters, and Dave Adams.
1. It was agreed that the website listing of the board members of the Foundation would not list specific names and information but simply indicate that the board was comprised of the last five presidents of the San Antonio Northwest Rotary Club plus the current president and president-elect of the club.
2. It was announced that our Foundation has been approved by the District 5840 DAF committee for a $5,000 grant. This approval was granted after our new legal counsel, Loren Peters, provided an opinion letter that our foundation was a Type 2 category under the IRS’s guidelines. Funds would be released shortly, and five additional scholarships would be granted as outlined in the minutes of the April 11, 2008 Foundation board meeting.
3. It was agreed that we would continue to reserve up to $5,000 for the “Hands and Feet” project as was approved in the minutes of the December 13, 2007 board meeting.
4. It was noted that the Foundation had received $750 on March 31, 2008 and $300 on May 22, 2008 from the bingo operation.
1. The board approved adding Loren Peters as legal counsel for the Foundation.
He would not be a voting member. The board members also wished to state their appreciation to Loren for his efforts in providing the opinion letter referred to above.
2. The board voted on new officers for the fiscal year beginning July 1, 2008. The new officers are Marlin Smith, President; Dave Dunning, Vice-President; Rick McManus, Treasurer; and Charles Johnson, Secretary.
The meeting was adjourned at 1:37 p.m..
Respectfully submitted,
Charles P. Johnson, Acting Secretary
Members in Attendance: Tony Touchon-President, Dave Dunning-Secretary, Rick McManus-Treasurer, Charles Johnson. Guests in Attendance: Jerry Wiens
Tony Touchon called the meeting to order at 1:10 PM and Tony presented a proxy for Marlin Smith and Dave Dunning presented a proxy from Ed Curran. Dave Dunning reported that a quorum was present
Tony reported that an application was submitted to the district asking for $5,000.00 for additional one year non renewable scholarships. The Scholarship committee has submitted a list of 5 students in rank order who would be eligible for these awards should we get the money from the district. Dave Dunning made a motion that we award as many of the $1,000.00 non renewable one-time scholarships as we can with any money we receive from the district. This would be done in rank order until the money is exhausted. Charles Johnson seconded the motion and the motion passed unanimously.
The scholarship committee submitted the names of the candidates they recommended for 3 renewable scholarships for a total expenditure of $6,000.00 and two one year non-renewable Academic Excellence Scholarships for a total expenditure of $2,000.00 and one non-renewable Visual Arts Scholarship for a total expenditure of $1,000.00. Dave Dunning moved and Tony Touchon seconded a motion that we accept the scholarship committee’s recommendations and award $9,000.00 in scholarships to the individuals selected by the committee. This motion passed unanimously.
After a motion by Charles Johnson and a second by Dave Dunning the meeting was adjourned at 1:22 PM.
Members in Attendance: Tony Touchon-President, Marlin Smith-Vice President, Dave Dunning-Secretary, Rick McManus-Treasurer, Charles Johnson, Don Gordon. Guests in Attendance: Hac Reding, Dave Adams
Tony Touchon called the meeting to order at 1:12 PM and Dave Dunning reported that a quorum was present
The minutes of the previous meeting were presented for review. A motion to accept the minutes as written was made by Charles Johnson and seconded by Marlin Smith and was passed unanimously.
Rick McManus made an oral treasurer's report. He said that previously we had money in two different accounts but it now has all been consolidated to one Fidelity account. We have a balance of $124,449.00 and it is held 80% in equity and 20% in bonds.
A long discussion was held about the I.R.S. interest in the previous operators of the Bingo operation from which we have received charitable contributions. Apparently the corporation "Tone Boardwalk" is behind in payroll taxes and the I.R.S. is looking at everyone connected to them to see who might have liability. Dave Adams has sought legal counsel and feels that there is no legal liability on the part of the board. The consensus of the board is that since we are no longer associated with that corporation and we were merely recipients of charitable contributions we should not be affected by their current problems. Rick mentioned that we should report to the I.R.S. that we are spending the funds that we received on scholarships and this will be done after those funds are distributed.
Tony suggested we put the minutes of the board meeting as well as the names of the board on the club website. Discussion was held about whether there was any real benefit to listing the board members names and it was decided that the Officers and Directors would be shown as the Past 5 Club Presidents and the President Elect. Secretary Dave Dunning was instructed to forward the minutes after they were approved to John O'Donnell for inclusion on the website.
Don Gordon suggested that we petition District 5840 for matching funds for our scholarships as they have funds that are not being used. Tony as Foundation President agreed to email District Governor Jason Fritz with this request.
Don also suggested that we solicit a raffle item to be used as an interim fund raiser since we will not have the art auction as part of the 2007/2008 Rotary year. It was agreed to table that discussion until after July 1, 2008 when the new Foundation board will be seated.
Marlin mentioned he would like us to get involved with a project helping returning veterans and their families. Discussions were held on growing the Corpus of our Foundation and it was reiterated that we will review requests that are received in writing to the President of the Foundation once a year in June.
A tentative date of 6/5/08 was set for the next board meeting.
The new slate of officers for the 2008/2009 Rotary year was proposed for the foundation board as Marlin Smith-President, Dave Dunning-Vice President, Charles Johnson-Secretary, and Rick McManus-Treasurer. The election will be held at the June board meeting.
After a motion by Dave Dunning and a second by Charles Johnson the meeting was adjourned at 1:55 PM.