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

February 9, 2008

The 171st meeting of the Board of Directors of the Capital District Kiwanis Foundation was held on February 9th at the Holiday Inn & Conference Center, Fredericksburg, Virginia. President-Elect Ron Reynolds called the meeting to order at 10:00 AM. President-Elect Reynolds led the Pledge of Allegiance and Trustee H. L. Marks gave the Invocation.
 
Roll Call indicated the following were in attendance:

Ron Reynolds H.L. Marks Hank Brodsky
Charles Adams Marion Allen Art Riley
Tom Ganse Bob Cressy Ellis Stroup
Bernice Oden John Fox Roy Sheets
Don Jones Roger Diehl James Thomas
David Blanch Stan Miller James O'Connell
Harry Kriemelmeyer Gus Lamond Jonnie Mann

Minutes of the November 10, 2007 meeting- Motion to approve the minutes was made by H.L. Marks. Second by Stan Miller. 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. Stan Miller moved to accept the Treasurer’s report as presented, second by Bernice Oden . The motion passed.
 
Committee Reports

Life Memberships- Secretary Adams reported 3 new life members since the last meeting.
 
Caring Corner- Ron Reynolds presented letters about the August Caring Corner to the trustees to be sent to the Club President, Lt. Governors and District Trustees. Handmade items, new items. Silent auction items and collectibles are needed from each division. The Caring Corner will be on August 15-16, 2008 at the Richmond Marriott.
 
Ducky Derby- H. L. Marks passed out Ducky Derby adoption certificates for distribution by the CDKF Trustees. Prizes are needed from each division. Email list of prizes you obtain to H.L. Marks.
 
Founder’s Society- Bob Cressy reported that the Founder’s Society is approaching $90,000 at this time. We need to promote it and lead by example. All monies stay in the Capital District for the Service Leadership Program. Bob presented a hard copy of the power point presentation about the Founder’s Society that is available. Presentation Boards about the Founder’s Society are also available.
 
Teenager of the Year- Roger Diehl sent out information to the Lt. Governors in December. Information is now available on the District website. Divisional Applications are due to Roger by June 1st. He suggested we create a brochure to hand out with the applications. Let Roger know if you can help with this. Funds for printing will come from CDKF. We need to consider having a plaque for the Teenager of the Year. Harry Kriemelmeyer volunteered to serve on the brochure committee. Roger asked that the $1000 scholarship be increased to $2000 or $2500 for 2008. Hank Brodsky moved to increase it to $2000. Second by Don Jones. Motion passed
 
Website- John Fox, CDKF Webmaster, presented copies of division contributions to CDKF and KIF that are now on the website. He will also include Life memberships as soon as possible.
 
 
New Business
 
CPR Teddy- Tom Ganse reported that St. Marys Kiwanis adopted the program for the local hospital and it will be the Governor’s Project for 2008-09. He asked the CDKF Board to consider ways of promoting it. The Capital District Leadership Team will pledge $1000 to kick off the project. CDKF can buy in bulk at $45/ teddy = the CD and sell them for $79.95. Possible to us grant requests for clubs to get teddies with logo on the foot. Looking into getting a blue vest with club name at $6-$8. A donor will provide funds for the initial investment. Moved by Roger Diehl and seconded by Bernice Oden to participate in the CPR Teddy project. Motion passed.
 
Finance Committee Report- Stan Miller presented an Equity Investment Activity sheet to the Board with the market value as of 10/31/2007. Three REITs were sold. Fed Home Loan Mtg. Corp and Fed National Mtg. Association were both sold at $20,000. We purchased Capital Income Builder and Capital World Growth at $10,750 each. Proposing to use the reserve fund at Ferris Baker Watts to increase Capital Income Builder Find by $10,000, Capital World Growth by $12,500 and New Perspective, Fed. Inc. by $12,500. One CD of $25,000 has matured. Proposed to reinvest in a new CD for a one year term. We still have a 60/40 split between equities and federally insured funds. It was also proposed to reinvest in the Copeland Fund by getting a $19,000 CD or one for $15,000 and using $4,000 interest for International Relations grants.
H. L. Marks moved to invest $10,000 in Capital Income, $12,500 in Capital World and $12,500 in New Perspective. Second by Jim Thompson. Motion passed. A motion was made by H. L. Marks to reinvest $25,000 in a CD at best possible rate for a term not to exceed one year. Second by Jim Thompson. Motion passed. A motion was made by H.L. Marks to set aside $3000 for Grants Committee to use for International Relations. $16,000 will be reinvested in a CD not to exceed one year. Second by David Blanch. Motion passed.
 
Foundation Policy Statement- Joe Maranto and Stan Miller will review the current policy statements and report at the May meeting.
 
$2.00/ Member Campaign- Trustees need to publicize the $2.00/Member Annual Gift and also promote the KIF at $5.00/member or $100 whichever is greater. The Presidents-Elect need to be instructed at their training that this should be put in their club’s budget.
 
Life memberships- Stan Miller reported that new brochures about the Foundation Life memberships are available and can be used at the regional Mid-Winter Conferences. Stan challenged the CDKF Trustees to get five new Life members/ division.
 
Grants Committee- David Blanch reported that if people knew where the grants go, it would be easier to raise funds for grants. We only had one grant request at the November Board meeting.
 
There being no further business to be brought before the Board, a motion to adjourn was made by Hank Brodsy and seconded by Dave Blanch. Motion passed. The meeting was adjourned by Ron Reynolds.
 
 
The next meeting will be on May 10, 2008 at 10:00 AM in the Patrick Henry Room at the Fredericksburg Hospitaliy House (formerly Holiday Inn ).

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