Meeting of the Board of Directors
February 4, 2012

The 187th meeting of the Board of Directors of the Capital District Kiwanis Foundation was held on February 4, 2012 at the Fredericks Hospitality House. President H. L. Marks called the meeting to order at 10:00 AM. Roy Sheets led the Pledge of Allegiance and Brian Bell gave the Invocation.

The following members were in attendance:

Ron Reynolds H.L. Marks Roy Sheets
Joe Maranto Marion Allen Charles Adams
Jeffrey Wolff Carolyn Richar Tom Varner
Don Dudey Jackie Lowe John Fox
Don Jones Jon Rife Roger Diehl
Brian Bell Rosemary Cummings Floyd Brown
Dennis Clark Stan Miller Bob Cassada
David Reichert Linda Smith Harry Kriemelmeyer
Mike Dasovich    

Introduction of Guests- John Tyner,PG, Joe Stankus, Key Club Administrator, Charles Marks- Meetings Committee, Matt Morris from KI, Scott Zimmerman-KIF District Chair.

Approval of Amended Agenda- Motion by Ron Reynolds, Second by Don Dudey to accept the amended agenda as circulated to the Board. Motion passed.

Minutes of the November 12, 2011 meeting- Motion to approve the minutes was made by Harry Kriemelmeyer and seconded by Don Jones Motion passed.

Treasurer’s Report- Marion Allen passed out the Treasurer’s report to the Board for the period ending December 31, 2011. Revenues of $3,900 and expenses of $3,400 were reported. There are total assts of $663,000 and liabilities of $24,500 for the Pediatric trauma Hospitals. The complete Treasurer’s report is made a permanent part of the minutes. Ron Reynolds moved to accept the report, second by Mike Dasovich. Motion passed.

Life Memberships- Charles Adams reported that there were 10 new members since the
November meeting.

Caring Corner- Ron Reynolds reported the donation of a Ship in a Bottle for the Silent Auction. Trustees need to ask clubs for donations. A letter will be passed out to the trustees to be distributed to the club Presidents about donations to Caring Corner.

Bylaws and Policy Report- Ron Reynolds reported that on the matter of reimbursement of Trustees that a map showing a radius of 250 miles was given to the trustees. He moved that this go to the Bylaws and Policy Committee for further study, Second by Dave Reichert. Motion passed. Nothing was submitted by the committee on Mission Statements and Core values because nothing was sent in to the committee. It will stay in committee until the May meeting.

Ducky Derby- Joe Maranto reported that certificates are being distributed to the trustees to distribute to the clubs. We had $13,000 in income from the derby last year. We need to increase that this year by selling more certificates. Prizes are needed in addition to the cash prizes of $500, $400, $300, $200 and $100. Certificates to restaurants, hotels, etc are good prizes. Cash donations of $50 for prizes are also acceptable.

Teenager of the Year- Roger Diehl reported that forms were distributed to the Lt. Governors who need to get them to the clubs. There have been no nominations at this time. They usually come in during April, May and June.

Founders Society- Roger Diehl reported that a list of members will be put on the web site as soon as possible. 114 people have donated so far to become Founder’s Society members. The over $110,000 is used for SLP.

Finance Committee Report- Stan Miller reported that the finance committee reviewed our assets. There is a CD coming due on May 17 for the Kopeland Trust. The committee asked for approval to roll it over into another CD for $13,000. Brian Bell moved this request, second by Mike Dasovich. Motion passed. The committee also reported there has not been much activity in sales of stocks in the last five years. The financial advisor recommended moving $10,000 from Capital Income Builder to the Small Cap Fund and moving $15,000 from Allianz to Small Cap fund. Also recommended to close out the MEG Value Fund that is stagnant and get J.P. Morgan Mid Cap which is $15,522 at present. The Finance Committee recommends these moves. Rosemary Cummings asked what is the advantage of doing this at this time. Bob Cressy stated it will improve our performance growth and income. There being no further discussion, the motion was passed.

Financial Advisor’s report was part of the Finance Committee report given by Stan Miller.

Updated Bylaws Approval- Ron Reynolds reported the committee was ready to send updated bylaws to the District Board for approval. The question was called by John Fox and the motion passed. A motion was made by Harry Kriemelmeyer to table request for additional bylaw changes. Second by Brian Bell. Motion passed.

Ellis Stroup Scholarship- Stan Miller reported that this was a $5000 scholarship given to an outstanding Key Club member. The Finance Committee recommends that the CDKF not become involved in soliciting funds. The CDKF can be a conduit for funds so the donations are tax deductible. Linda Smith called the question. The motion passed.

Ducky Derby Raffle- Mike Dasovich reported that the Children’s Hospital of the King’s Daughters was not in favor of raffling a car. This was sent to the Finance Committee for further study.

Kiwanis International Foundation- Matt Morris reported that the staff at KI has jobs because of us. Things have improved at Member Services. Call Matt if you have needs to be addressed-i.e.: Fund raising, club membership, etc.
KIF wants to help make a difference in philanthropy. If foundations are successful, clubs are successful. KIF is a resource to District and Club Foundations. There is a need to thank people appropriately and identify what is done with the money. 150,000 children are served by grants to districts and clubs. We need to build relationships and encourage people to invest.
President’s Time-

1. H.L. Marks requested that checks go to the trustees of the divisions for formal presentation to the Pediatric Trauma Hospitals.
2. Web Site suggestions are to go to John Fox. John wanted to thank Jennifer Wolff for all her work as the graphic designer for the new web site.
3. Duties of the Executive Secretary- Keep a roster of all donations and post on the website.
4. Brain Bell wrote “Twenty Five Years of Giving to the Pediatric Trauma Centers”.

There being no further business to come before the board, President Marks adjourned the meeting.

The next meeting will be on Saturday, May 19, 2012 at 10:00 AM in the Patrick Henry Room of the Fredericksburg Hospitality House.

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