Meeting of the Board of Directors
May 9, 2009

The 176th meeting of the Board of Directors of the Capital District Kiwanis Foundation was held on May 9, 2009 at the Fredericksburg, VA Hospitality House. President Joe Maranto called the meeting to order at 10 AM. Ron Reynolds led the Pledge of Allegiance and Warren Kane gave the Invocation.
Roll Call indicated the following were in attendance:

Joe Maranto Ron Reynolds Marion Allen
Don Dudey Bernice Oden Roy Sheets
David Blach Stan Miller John Thomas
Warren Kane Paul Gates Harry Kriemelmeyer
Hank Brodsky    

President Joe noted that we barely had a quorum of 13 members present. There was a discussion of moving the Spring meeting up to the first week of May or even into late April. There is a large number of conflicts with the second week of May, college graduations, weddings, etc. so an earlier date might be more convenient for the membership. This will be further discussed at the August Board meeting.
Minutes of the February 14, 2009 meeting-Motion to approve the minutes was made by Bernice and seconded by Harry. Motion passed.
Treasurer’s Report-The Treasurer submitted a Balance Sheet for the quarter ending March 31, 2009 as well as a report of the $2 Per member Contributions as of May 8, 2009.
Marion noted that the $2 per Member contributions now amounted to $9,053, a large improvement over the $8,162 as of March 31, 2009. During the discussion of the report it was noted that several home clubs of Foundation Trustees had yet to contribute. Marion commended Divisions 12, 13, 17 and 20 for 100% of contributing and noted that we budgeted $13,000 the $2 per Member contributions so a big push is needed.
On the Balance Sheet Marion pointed out that the $83,000 in cash was largely committed to the 7 Pediatric Trauma Hospitals ($24,000).
Upon motion of Reynolds, seconded by Blanch, the Treasurer’s Report passed.
Finance Committee- Stan Miller reported that the First City Bank of Georgia where we had Certificates of Deposit was placed under FDIC control. However, our CDs with interest were covered and they were brought back into our cash, further accounting for the March 30 cash balance. Two others were reinvested.
The committee approved transferring $25,000 from the checking account for an additional CD. Stan mentioned that the market was coming back with the DOW up from $6,500 in March to $8,500 in May.
Upon motion by Brodsky, seconded by Reynolds, the Finance Committee report was approved.
Life memberships-Joe reported that only 6 Life Memberships have been ordered to date. The goal is 5 per Division.
Caring Corner-Ducky Derby-Ron reported that letters were sent to all club presidents asking for items for the Ducky Derby at the District Convention in Dover, DE in August. The emphasis is on hand-made and high quality items. He hopes for heirlooms and antiques for the Silent Auction.
Ducky Derby-Joe reported for HL Marks regarding the cash prizes to be awarded, i.e., $500, $400, $300, $200, & $100; plus he hopes to have many more nice prizes consisting of at least one from each Division Trustee. He noted that the prizes are to be awarded on August 22 and not August 15 as printed on the Adoption Certificates.

Teenager of the Year-Joe for Roger Diehl reported that only one application has been received so far but several Board members commented that additional applications were under consideration in their divisions. The deadline for submitting applications is June 1.
Founders Society-Joe reported for Bob Cressy that only 1 additional member has been secured since the last meeting.
Nominating Committee: Joe appointed Roger Diehl as chair, and Hank Brodsky and Neil Behan as members of the Nominating Committee for Foundation officers to be elected at our meeting at the District Convention.
Grants- David Blanch said the committee has received 4 applications as follows:
            --one had no tie to Kiwanis.
            --St. Mary’s County Club applied for $2,000 to purchase a CPR Teddy Bear.
---Crofton Club applied for $5,000 for Sarah’s House, a facility for displaced families and located in Army barracks on Fort Meade, MD.
--Africa Initiative, $5,000 from the Kopeland Fund.
There was then discussion of previous grants to two colleges that was to be taken from the Kopeland Fund. There is no mention of these grants in the Minutes of the meetings of Board meetings of November 8, 2008 and February 14, 2009. Ron then moved, seconded by Don, that $1,000 be taken from the Kopeland Fund to cover those grants.
Marion noted that there was $5,000 budgeted for grants in this year’s budget. It was then pointed out that the Minutes of the February 14, 2009 meeting contain approval of $5,000 in grants to the CKI of Virginia Tech and the Kiwanis Club of Christiansburg for a Children’s Play Area for the Kiwanis Park in Christiansburg.
Ron moved, and Harry seconded, a motion that we approve a total of $3,000 in additional grants consisting of $1,000 for the St. Mary’s County Club and $2,000 for the Crofton Club to be taken from the Foundation’s funds. This led to a discussion of just how much the Foundation had available since we had budgeted only $5,000 and that was committed in February. The motion was approved by a vote of 7 to 6.
In view of the discussion of how much was really available, Marion said he would prepare and distribute to the members  a report on the balances.
On motion of the President to adjourn, the Board approved and adjourned at 12:10 PM.
Respectfully submitted,
Warren W. Kane, Acting Secretary
 May 23, 2009