CAPITAL DISTRICT KIWANIS FOUNDATION, INC.
MEETING OF THE BOARD OF DIRECTORS
February 13, 2010

The 179th meeting of the Board of Directors of the Capital District Kiwanis Foundation was held on February 13, , 2010 at the Fredericksburg Hospitality House. President Joe Ron Reynolds called the meeting to order at 10:00 AM. H. L. Marks led the Pledge of Allegiance and Roy Sheets gave the Invocation.
 
The following members were in attendance:
Ron Reynolds H.L. Marks Roy Sheets
Joe Maranto Charlie Adams Marion Allen
Tom Varner Roger Diehl Brian Bell
Jim Thompson David Blanch Stan Miller
Warren Kane Linda Smith Harry Kriemelmeyer
Hank Brodsky    

Minutes of the January 9, 2010 meeting- Motion to approve the minutes was made by Warren Kane and seconded by H.L. Marks. Motion passed.
 
Treasurer’s Report-Treasurer Marion Allen reported $37,000 cash in the operating bank account. Investments carried at market including the Kopeland fund is $600,400. Accounts payable is $29, 530 for the pediatric Trauma Hospitals. Total assets at $611, 463.86. Total Revenues at $10,825.16, Expenses at $1747.54. As of 12/31/09, Net assets were 611,463.86. See the complete treasurer’s report which is made a permanent part of the minutes.  A motion to approve was made by Jim Thompson and seconded by Stan Miller. The motion passed.
 
Life Memberships- Charles Adams reported that there were no new members since the January 9th meeting.
 
Ducky Derby- H. L. Marks passed out adoption certificates to the Trustees for distribution to the Club Presidents and Key Club members to sell. Printing of the Ducky Derby certificates was donated by Sandy Sammons. A motion was made by David Blanch and seconded by Harry Kriemelmeyer to present Sandy with a Life Membership for her continuing contribution to the Ducky Derby. The motion passed. H.L. also asked that each trustee to make a donation of a prize or cash for the Derby. Prizes should be brought to the District Convention and checks should be sent to Marion Allen.
 
Caring Corner- Ron Reynolds passed out a copy of the letter to Club Presidents, Lt. Governors and CDKF Trustees requesting handmade items, new items silent auction items and collectibles and antiques for the Caring Corner. Please give items to someone from your club or division that will be coming to Lynchburg in August. CPR Teddies and CPR Teddy Jrs. will be on sale at the DCON.
 
Teenager of the Year- Roger Diehl reported that information had been sent out to Lt. Governors to distribute to the clubs. Applications are due to Roger by June 1, 2010.
 
Founders Society- Bob Cressy reported that two medals will be presented at the District Mid-Winter Conference. All members should wear their ribbons to the DMWC. There will be a display in the exhibit area. Pre and post breakfast and lunch volunteers are need to man the booth.
 
Finance Committee Report- Stan Miller made a motion to cut a check to Circle K for the Ryan Clark Scholarship to be presented at the District Mid-winter Conference. Second by Warren Kane. Motion passed. Further study determined that the scholarship would not be awarded by CKI at that time.
 
Financial Advisor’s Report -Bob Cressy reported that the market has pulled back a small amount. We are looking at a rapid change in investment possibilities. We need to be careful in our selection of stocks. In 2008, China surpassed the U.S. in car sales. There are many more middle class people around the world and a lot of business is done outside the U.S. Mutual funds outside the U.S. are doing the best. Small caps did 59%, large caps did 37%. We are dealing with a global economy. Interest rates will go up and bond allocations will go down. CDKF should keep its CD rollovers at one year terms.
 
Policy Committee- Joe Maranto reported that revised policy statements will be brought before the board for discussion at the May meeting.
 
Initiative for Africa- KIF will vote on Dr. Elim’s grant request in June.
 
Pediatric Trauma Hospitals Annual Gifts- Roy Sheets reported that CDKF donations began in the 1986-87 administrative year with Children’s Hospital in DC. The last hospital added was in 1992-93 in Wilmington, DE. We have donated over $502,000 to the Pediatric Trauma Hospitals over the years. Also, $104, 000 was presented to the Family Resource Center at MCV.
 
CDKF President’s letter to Club President- President Ron Reynolds sent out a letter to Club Presidents about the work CDKF does in the District and how we raise funds.  Total funds raised of $931, 577 is based on $504, 413 for Pediatric Trauma Hospitals, $261,580 for Life memberships, $103,962 for Founder’s Society and $63,700 for Memorials.
 
There being no further business to come before the board, Hank Brodsky made a motion to adjourn. Second by Jim Thompson. Motion passed.
 
The next meeting will be at 10:00 AM on May 1, 2010 at the Fredericksburg Hospitality House. The meeting will be in the Palm Room down the hall from the Hotel Registration desk. Note that this is a change from the Patrick Henry room where we usually meet.

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