CAPITAL DISTRICT KIWANIS FOUNDATION, INC.
MEETING OF THE BOARD OF DIRECTORS
August 18, 2006

The 165th meeting of the Board of Directors of the Capital District Kiwanis Foundation was held on August 18, 2006 at the Hyatt Regency Reston Inn in Reston, Virginia. President Hank Brodsky called the meeting to order at 3:30 PM. President-Elect Joe Maranto led the Pledge of Allegiance and Trustee Dale Larson gave the Invocation.

Roll Call indicated the following were in attendance:
Hank Brodsky              Joe Maranto          Charles Adams          Marion Allen 
Doc Thrush                  Yvonne Holley        Warren Kane              Bob Cressy
Ellis Stroup                  Bernice Oden         Ron Reynolds            John Fox                     
Roy Sheets                  Don Jones             Roger Diehl                Harry Horning            
Neal Behan                  Charles Bowie        George Faustino         H. L. Marks               
Stan Miller                   John Thomas          Dale Larson               Paul Gates                
Larry Plant                   Tom Varner                                          

Minutes of the last meeting, May 13, 2006- Motion to approve the minutes as corrected was made by Ron Reynolds. Second by Warren Kane. Motion passed.

Treasurer’s Report- presented by Marion Allen, II- Copies of the Treasurer’s report were distributed to the Board and are made a permanent part of the minutes.
Treasurer Allen stated the total current assets are  $612,000. Liabilities are $16,400. See the Treasurer’s report for detailed information on the Foundation’s financial status. A motion to approve the Treasurer’s Report was made by Neal Behan and seconded by H.L. Marks. Motion passed

Committee Reports
Life Memberships- Secretary Adams reported 4 new members since May 13, 2006.
Caring Corner- Ron Reynolds reported that we have lots of items for sale and to bid on at the Silent Auction. May need a larger room at future conventions.
Ducky Derby- Larry Plant reported that the ducks need to be numbered after the Opening  Breakfast in the Simon Room. The Ducky Derby will be held at 3:00 PM in the Hotel pool on the 3rd floor. All funds from the Derby and the Caring Corner need to be given to Treasurer Allen.

Founder’s Society-Roger Diehl/Bob Cressy    Hank, Roger and Bob will make presentations about the Founder’s Society.  The Capital Builder needs to be modified to reflect how you can join the Founder’s Society. Three Founder’s Society medallions will be presented at the Honor’s reception. Wear your medallion at all Convention functions.
Payments can be made quarterly for Founder’s Society membership.
Introduction of Account Representative by Hank Brodsky- Simon Hamilton of Farris, Baker, Watts will be the new Account Representative for the Foundation.

New Business
Bylaws Report by Tom Varner- The Bylaws were last revised in 1992/93. Changes to the Bylaws and new policy statements have been circulated to the Board and will be addressed at the November meeting.

Thank You Letters and Donations- We received thank you letters from: (1) Children’s Hospital of The King’s Daughters for the $3,350 donation for the Kiwanis transport vehicle  (2) Katie Smith, Presidential Division CKI Lt. Governor for financial support to attend LeaderShape . Roger Diehl has won a Prudential CARES Volunteer Grant for his volunteer service with the CDKF. $250 was donated by the Prudential Foundation in honor of Roger’s work.

Ducky Derby Shirts- H.L. Marks asked about the possibility of getting Ducky Derby shirts like the ones we have worn in the past. Doc Thrush obtained the original shirts and will check into their availability.

Election of Officers-  A motion was made by Neal Behan to elect Marion Allen as Treasurer and Charles Adams as Executive Secretary for the 2006-07 administrative year.
Second by Ron Reynolds. Motion passed.

A motion was made by Stan Miller to elect Hank Brodsky as President, Joe Maranto as President-Elect and Tom Varner as Vice President for the 2006-07 administrative year.
Second by H.L. Marks. Motion passed.

CKI Budget- Doc Thrush reported that CKI needs $9520 from the Foundation. A motion was made by Stan Miller to include the $9520 for CKI in the Foundation’s budget to be presented at the November Board meeting. Jeff Wolff, District CKI Administrator reported that these funds are found as line items 605 to 648 on the CKI Budget.

There being no further business to be brought before the Board, a motion was made by Charlie Bowie and seconded by Charles Adams to adjourn the meeting. Motion passed. President Brodsky adjourned the meeting.

Respectfully submitted,
Charles P. “Charlie” Adams
Executive Secretary