Minutes of meeting June 24 2009

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Minutes Athens Rotary Foundation Meeting of June 24, 2009

The Board of Directors of the Athens Rotary Foundation met on June 24, 2009, in the Conference Room at Mollica, Gall, Sloan & Sillery. The meeting was called to order by President Jerry Mollica. Those present were Dick Mottl; Shawna Stump; Bill Diles; Sheila Mark; Don Cooley; Jerry Mollica; and Karen Harvey.

The meeting was called to order by President Jerry Mollica. The minutes were read and unanimously approved on a motion made by Dick Mottl and seconded by Don Cooley.

Don Cooley presented a Treasurer's report indicating the Foundation has completed its obligation to the Sand Lot Baseball Group with a check for $5,000.00. An estimated $800.00 in money for the Foundation came as a result of the Bulldog Relays. This money, and a gift of $300.00, constitute the money presently available for grants.

On a question from Karen Harvey, various members of the Board clarified the issue of money previously raised by the Club and earmarked for use by a needy Rotary Foreign Exchange Student. There is approximately $700.00 so earmarked.

In Financial Advisor Channing McAllister's absence, Jerry Mollica gave a brief report on the current status of invested monies. As of the date of the meeting, there was approximately $119,500.00 in invested principal.

Two positions on the Board, those held by Don Cooley and Karen Harvey, expire on June 30, 2009. On a motion by Dick Mottl, seconded by Bill Diles, both were unanimously re-elected to another three- year term. Ismail Ghazalah and Jody Harris will assume one-year positions as Club President and Club President-Elect.

On a motion made by Dick Mottl and seconded by Bill Diles, the current officers of the Board were unanimously re-elected for a one-year term. They are: Jerry Mollica, President; Don Cooley, Treasurer; and Karen Harvey, Secretary.

Jerry Mollica reported that Channing McAllister, as chair of the Golf Fundraising Committee, will be calling a meeting of that committee shortly. Various members of the committee have been discussing options for increasing the net profit and, therefore, income to the Foundation. Additional suggestions are welcome.

Sheila Mark raised the issue of possible support for Good Works' Kids Discovery Club and Summer Lunch. There is a grant request in the Foundation files that was previously submitted. On a motion by Sheila, seconded by Shawna Stump, members unanimously agreed to sent Good Works a check for $500.00 to assist with this summer's efforts. While on the topic of Good Works, it was suggested that Keith Wasserman be approached about the possibility of using Good Works as a designated recipient of this year's Golf Fundraiser, along with Coats for Kids and Lace-up for Kids. This matter was left open for further discussion.

Dick Mottl raised the issue of allocation of money raised from the Golf Fundraiser between grants and principal. President Jerry Mollica agreed to check the Foundation records and, following the meeting, emailed notice that a previous decision by the Board allocated all Golf Fundraiser proceeds to grants.

The meeting adjourned at 2:30 p.m. Respectfully submitted, Karen Harvey, Secretary