Meeting of the Board of Directors
November 8, 2014

The 198th meeting of the Board of Directors of the Capital District Kiwanis Foundation was held on November 8, 2014 at the Fredericksburg Hospitality House.

President Roy Sheets opened the meeting at 10:00 AM. Gary Boswell led the Pledge of Allegiance and Nancy Simonelli gave the invocation.

Introduction of Guests: President Sheets introduced Past Governor John Tyner and PLG Kelly Boswell.

Roll Call - Charles Adams

The following members were in attendance:

Roy Sheets Charles Adams Marion Allen
Scott Zimmerman Brian Bell Tom Varner
Tim Wesling Gary Boswell Don Jones
Bernice Oden Bob Cassada Nancy Simonelli
Melinda Dalton Jon Rife Ken Hogan
Mike Dasovich    

Approval of Agenda- Motion to amend the agenda was made by Charles Adams and seconded by Ken Hogan. Motion passed.

Minutes of the August 22,  2014 Meeting:
Motion to approve the minutes as circulated was made by Gary Boswell and seconded by Jon Rife. Motion passed.

Treasurer Report: Marion Allen circulated the Treasurer’s reportto the Board. A motion to accept the Treasurer’s report was made by Bernice Oden and seconded by Mike Dasovich. The motion passed. Roy Sheets expressed teh CDKF's thanks to Marion Allen for his years of service as teh treasurer for the Foundation. He also welcomed David Lurie and Mike Dasovich to the board.

See Treasurer's Report September 30, 2014.

Life Membership: Secretary Charles Adams reported that we have 23 new life members since the last meeting.

Caring Corner: Nancy Simonelli reported that we did not make much money and asked if we should consider not continuing the Caring Corner, but continue the Basket Raffle.  Governor bell supports the idea to not have a Caring Corner to sell donated items, but continue the use of the name Caring Corner for the Basket Raffle, We could make an exception to accept professionally done items, Melinda Dalton suggested that we might want to raffle these items at a higher priced raffle ticket. Bernice Oden asked Division 1 Clubs to donate bottles of wine, etc to create 3 baskets to raffle at DCON. Ask members to donate at Division Council meetings. A motion was made by Scott Zimmerman to not sell items at Caring Corner, but to sell basket raffle tickets and still call it Caring Corner. Second by Mike Dasovich. Motion passed.

Ducky Derby: Bob Cassada passed out certificates to the directors. Printing of the certificates was donated by Sandy Simmons of Breeze Printing. This is a Community Service project so tickets can be sold to non Kiwanians. Directors are asked to make sure their clubs get the certificates and to donate a $50 gift card or equivalent as additional prizes for the Ducky Derby.

Founder’s Society- Bernice Oden No report. Bob Cressy stated that $2,000 had been donated in the last two years by Brian Bell and Carolyn Richar. There is $114,000 in the Founder’s Society.

Finance Committee – Gary Boswell reported that 2 CD’s are coming due this month Recommendation of the Finance Committee that they be rolled over for 6 months each if available, 12 months if necessary.  We are looking onto other investment media. Ken Hogan moved that the rollover be approved Second by Jon Rife. Motion passed.

See Financial Advisor's Report - Bob Cressy. November 2014.

New Business

CDKF  Budget – Tim Wesling
The 2014 -2015 budget was presented to the board.  It currently has a $4,169 defecit which can be balanced at the next meeting. Ken Hogan moved to approve it as presented, Second by Bernice Oden. Motion passed.

Grant Application- Don Jones reported that the Tysons Corner/McLean Kiwanis Club had submitted a grant application. There have been a number of student suicides in the area and they want a contribution from the Foundation to do a forum to help this situation. They have asked the Fairfax Club to partner with them doing a 50/50 financial split. The estimated cost is 44,500. The Committee recommends $1,000. There is a cost of $2,700 to KI to run the program. They are not asking the students to pay to attend. A motion was made by Charles Adams to raise the grant amount to $1,500. Second by Gary Boswell. Motion passed.

Bylaws and Policy Statements
Jon Rife recommended that we change the policy statements to mirror the bylaws. A motion was made by Scott Zimmerman to bring the policies in line to mirror the bylaws. Second by Brian Bell. Motion passed.

President’s Items-
Since there is no reimbursement for CDKF Directors at this time, President Sheets would like to at least provide name badges for the Directors. He proposed spending $10-$12 per director to do this. Scott Zimmerman made a motion to spend $250 for the badges. Second by Ken Hogan. Motion passed.

There being no further business to come before the Board, Charles Adams made a motion to adjourn. Seconded by David Lurie. Motion passed. President Sheets adjourned the meeting.

The next Board meeting will be on January 31, 2015 at 10:00 AM  in the Monroe Room at the Fredericksburg Hospitality House.

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