Board Meeting
Thursday, May 17, 2007
3:30 PM, Blake Hall,
Room 140/144
~ Minutes ~
Present: FVCC Foundation Board of Directors - Russ
Barnes, Carol Blake, John Bowdish, Henry Brown, Nancy Gordley, Donna Lawson, Leslie
Mercord, Andy Miller, Diane Morton, Aaron Mower, Kippy Redman, Jarrod Shew,
Margie Simpson, Ralene Sliter, Dan Vogel, Pat Winkel, and Cheryl Wilson; FVCC
Foundation Associate Members – Lil Laidlaw; A&A Chairperson – Suzy
Williams; Ex-Officio Members –
Excused: Kathy Barkus, Lynn Bauer, and Pat
LaTourelle.
FVCC Foundation Chair, Russell
Barnes, welcomed everyone to today’s meeting.
Ruth Ackroyd introduced FVCC’s new Vice President of Administration and
Finance, Linda Sadler.
I. APPROVAL
OF MINUTES OF MARCH 8, 2007
Margie Simpson motioned to approve
the minutes of March 8, 2008. Donna Lawson
seconded the motion and it passed unanimously.
II. TREASURER’S
REPORT
Leslie Mercord, Interim Treasurer,
reported on the Foundation’s Statement of Financial Position as of April 30,
2007. Assets held with First Interstate
Bank are up approximately $250,000 since January 31, 2007, with $148,000
representing cash deposits and $102,000 representing growth. The Foundation’s current asset allocation
consists of 43% stocks and 57% bonds and cash, and Leslie noted that we will move
towards a 50/50 asset allocation during the summer and fall months.
III. COMMITTEE
UPDATES
Executive
Committee
Russ Barnes referred Board members
to the proposed Slate of Officers for 2007-2009, listed behind the Board
Information tab in the Board notebooks.
The proposed Slate of Officers is:
Russ Barnes, Chair
Margie Simpson, Vice
Chair
Leslie Mercord,
Treasurer
Nancy Gordley motioned to approve
the Slate of Officers as listed for 2007-2009. Kippy Redman seconded the motion and it
passed unanimously.
Margie Simpson reported that the
Executive Committee met last week and is presenting two recommendations to the
Board of Directors for approval.
§
It
was Paul Williams’ hope to provide funds from the Foundation to assist the
college with the shortfall in money to equip the three new buildings. With the review of accounts now complete,
$150,000 has been identified as available to assist with the building project,
and the Executive Committee would like to make this money available to the
college during the summer months.
Margie Simpson motioned to commit
$150,000 to the Building for Success
campaign for technology, equipment, and infrastructure needs and appoint the
Needs and Resources Committee to review and approve funding requests that come
in over the summer. John Bowdish seconded the motion and it passed
unanimously.
§
The
Needs and Resources Committee, a subcommittee of the Finance and Investment
Committee, has met and developed a committee job description, as well as a
draft form to apply for funding for Foundation Enhancement Grants for the
upcoming 2007-2008 academic year.
Margie Simpson motioned to allocate
$10,000 to fund FVCC Foundation Enhancement Grants for the 2007-2008 academic
year with applications to be made available to faculty and staff in September.
Dan Vogel seconded the motion and it passed unanimously.
Ruth noted that it is planned to
make the grant funding process an annual process open to all faculty and staff.
Research and Development Committee
Nancy Gordley referred Board
members to biographical information on Suzy Williams and Stephanie Wallace, who
are being nominated to the Board of Directors of the FVCC Foundation, located
behind the Board Information tab in the Board notebooks.
§
In
2005, Suzy Williams helped to create a special group of friends and community
members. Today, she serves as chair for
The Ambassadors & Alumni of
§
Stephanie
Wallace, Human Resources/Community Affairs Manager for Flathead Electrical
Cooperative moved to
Kippy Redman motioned to accept the
nominations of Suzy Williams and Stephanie Wallace to the FVCC Foundation Board
of Directors. Cheryl Wilson seconded the motion and it
passed unanimously.
Events and Projects Committee
Spring
Sue Evans reported on the success
of the spring tours of the Bibler Home and Gardens. 445 people attend the tours, raising $4,344
to support the Foundation’s scholarship fund.
Proceeds from the 2007 spring tours are over $1,000 more than spring
2006 proceeds. Sue thanked all Board
members who volunteered for the tours, and noted that summer evening tours are
scheduled for July 23rd through 27th.
FVCC Ambassadors & Alumni Association
Suzy Williams reported that a tour
of the
Inuit Art expert, John Houston, from
Christmas Tree Excellence
Pat Winkel reported that the Christmas Tree Excellence, Denim and
Diamonds gala will be a combined event to be held on Friday, November 9,
2007, in the meeting hall in the Arts and
IV. PRESIDENT’S REPORT
President
Karas recognized Kathy Hughes, Vice President of Instruction, for her work on
FVCC’s interim visit for accreditation on May 2nd and May 3rd. The college received four commendations for
the culture at the college, the dedication of the Board of Trustees, helpful
and caring faculty and staff, and the foresight of the college in the land
purchase and new buildings. One
recommendation was received from the accreditation team that the college expand
what it is doing regarding assessment. The
official report from the accreditation team is expected in July, 2007.
The
Legislative Session ended in special session.
Jane noted that
The
Board of Trustees have approved a tuition increase of $198 per semester for
full time, resident, in-district students for the 2007-2008 academic year. Jane noted that FVCC’s tuition is still in
the lower quartile of
Senate
Bill 12, which provides a new funding formula for community colleges with both
fixed and variable components, passed in legislature but has not yet been
signed by the Governor.
V. DEVELOPMENT REPORT
Sue
Evans reported that scholarship selection committee met on Tuesday, April 4th. Approximately 30 community members,
scholarship donors, Foundation Board members, Ambassador & Alumni
Association members, and members of the Board of Trustees met to read and rate
scholarship applications for 2007-2008 academic year scholarship awards.
Nancy Gordley reported that the Building for Success Campaign Bulletin
#2 was recently mailed to campaign donors and potential donors, as well as
Foundation Board members and the Board of Trustees, and the Bulletin will be
included as an insert in the June Chamber of Commerce mailings. Meetings with members of the Campaign
Advisory Committee were held in January and March. To date, $750,000 has been raised to support
the campaign, including the Foundation’s donation of $150,000. Last year, the campaign was in its quiet
phase and fundraising efforts focused on the
Dan Vogel motioned to support the
First Descents program with FREE fund dollars. Pat Winkel seconded the motion and it
passed unanimously.
Ruth referred Board members to
Flathead on the Move’s Principles for
Civil Dialogue behind the Board Information tab in the Board notebooks. Flathead on the Move, funded by a grant from
the Andrus Family Foundation, seeks to find a way to tackle tough community
issues. As a member of Flathead on the
Move, Ruth has been asked to bring the Principles
for Civil Dialogue to the Foundation to adopt as meeting guidelines. To date, the Flathead County Commissioners,
the City of
Kippy Redman motioned to accept
Flathead on the Move’s Principles for
Civil Dialogue. Donna seconded the motion and it passed unanimously.
Ruth reported that the Foundation
has been approved as an agency for
The proposed meeting schedule for
2007-2008 was reviewed and Ruth asked Board members to share any concerns.
The annual Scholarship Luncheon is
scheduled for Thursday, October 25, 2007 and invitations will be mailed in
September. The Foundation will hold its
September meeting following the Luncheon.
VI. STUDENT ASSISTANCE FOUNDATION
Cindy Kiefer, FVCC’s Director of
Financial Aid, introduced Mary Howard and Kelly Chapman of the Student
Assistance Foundation. Kelly, Executive
Vice President of Foundation Activities, noted that the Student Assistance
Foundation (SAF), a nonprofit organization based out of
There being no further business to discuss, the meeting was
adjourned at 5:10 PM.