November 10, 2007

The 170th meeting of the Board of Directors of the Capital District Kiwanis Foundation was held on November 10th at the Holiday Inn & Conference Center, Fredericksburg, Virginia. President Joe Maranto called the meeting to order at 10:00 AM. President-Elect Ron Reynolds led the Pledge of Allegiance and Trustee H. L. Marks gave the Invocation.
Roll Call indicated the following were in attendance:

Joe Maranto Ron Reynolds Charles Adams H. L. Marks
Hank Brodsky Marion Allen Bob Cressy Bernice Oden
Roy Sheets Don Jones James Thompson David Blanch
Stan Miller John Thomas Warren Kane Harry Kriemelmeyer
Gus Lamond Jonnie Mann    

Minutes of the August 17, 2007 meeting- Motion to approve the minutes was made by H. L. Marks, Second by Hank Brodsky. Motion passed.
Treasurer’s Report- presented by Marion Allen, II
Copies of the Treasurer’s report were distributed to the Board and it is made a permanent part of the minutes. Treasurer Allen stated the 990 form had been accepted by the IRS. The audit review is OK. Total current assets are $707,054.96- made up of investments, cash and cash equivalents. $50,000 from the operational cash account was transferred to the Ferris Baker Watts account. Accounts payable showed $30,953.08 of which $23,800.00 went to the Pediatric Trauma hospitals. We have a total revenue of $94, 821.92 and total expenses of $50,435.86. Excess of revenue over expenses is $144,386.06. $2.00 per member contributions totaled $11,674.50.  H.L. Marks moved to accept the Treasurer’s report, second by Stan Miller. The motion passed.

Ryan Clark Scholarship
A motion to approve the CKI Adult Committee as the one to authorize the dispersal of the funds was made by Ron Reynolds, seconded by Bob Cressy. Motion passed.
CKI Budget
A motion was made by Charles Adams to approve the $9520 CKI budget for the 2007-08 administrative year. Second by Gus Lamond. Motion passed.
CDKF Budget
Ron Reynolds made a motion to approve the 2007-08 budget as amended to include the $120 to CKI and adding Foundation to the Budget header. Second by Stan Miller
Motion passed.  Motion to change $20 to $120 was made by Jim Thompson , Seconded by Ron Reynolds. Motion passed.

Committee Reports

Life Memberships
Secretary Adams reported   34 new members since August 17, 2007.

Caring Corner
Ron Reynolds reported that over $3000 was raised last year. There will be a letter to the Club Presidents and Lt. Governors at the February meeting.  Craft items and Silent Auction items are needed for the Richmond DCON. They could be solicited at the Regional Mid-Winter Conferences.  There will be no ½ price sale at 4:00 PM to allow time for tear down of the Caring Corner.

Ducky Derby
Stan Miller reported that $9020 was received for the 2007 Ducky Derby from the clubs. Cash prizes of $1500 were paid out. 12 Divisions did not contribute any prizes. We need to get a many prizes as possible for August. H. L. Marks will be the 2008 Chair. He passed out a draft letter to the Presidents and Ducky adoption tickets. Email any thoughts to HL to have tickets ready for distribution at the February meeting.  Bob Cressy recommended a presentation at a DCM or a Regional MWC.

Teenager of the Year
Information is available on the website, but a brochure is needed to hand out to get recommendations for teens from each division.
Founder’s Society
Bob Cressy reported that $10,130 was donated this past year. Over $3000 was donated to the Governor’s project in support of the Founder’s Society. We are doing well, but can do better. We need to lead by example. Almost $90,000 has been raised to support  SLP.

New Business

Committee Chairs
A list of Chairs was provided to the Trustees by President  Maranto. Let Joe know if you wish to serve on a committee. Stan and Joe will review the policy statements on committee members and report at the February meeting.

Grant Applications
There was one grant request from the Augusta Regional Dental Clinic for $10,000. The Grant Committee recommended $2500 for the clinic. A motion was made by Jim Thompson to give the $2500, seconded by H. L. marks. Motion passed.
Trustee Vacancies
Secretary Adams reported that Division 8 still does not have a Trustee. Gus almond proposed seeing if Mickey Tyler would be willing to serve. Warren Kane suggested John Rife. Division 10 Trustee harry Horning has not attended the last five Board meetings and according to the Bylaws can be removed from office by the Board. A motion was made by Jim Thompson and seconded by H. L. marks to remove him as Division 10 Trustee. There were 13 yeas, 1 no and 2 abstentions. The motion passed.
Foundation Logo
A motion to use the current CDKF logo on Foundation stationery was made by Jim Thompson, seconded by John Thomas. Motion passed.
Proposed Amendment
Stan Miller reported from the CDKF Finance Committee that there are very few transactions and only the buying and selling of mutual funds would have fees. Some fees are paid to Ferris Baker Watts which are part of the cost of the stock when it is first bought. The only other fees are $4.00 for each CD we buy. Harry Kreimelmeyer moved the adoption of the amendment to part 5 of the Finance & investment Committee policy. 7 voted yes, 6 no and 2 abstentions.  Motion passed.

CPR Bear Proposal
Ron Reynolds reported that Lynchburg has donated 4 of the bears. They sell retail for $80 which includes the bear and disc. We may be able to get them for $42.00. @52 is the minimum purchase. Ron will make a further report at the February meeting.
There being no further business to be brought before the Board, President Maranto adjourned the meeting.
The next meeting will be on February 9, 2008 at 10:00 AM in the Patrick Henry Room of the Hospitality House (formerly The Holiday Inn & Conference Center) in Fredericksburg, VA.

Respectfully submitted,
Charles P. “Charlie” Adams
Executive Secretary
Capital District Kiwanis Foundation