Treasurer, Dr. Helen D. Haller - present
had several suggestions for improving details of the minutes.She
submitted to the secretary copies of these corrections.At the conclusion of this discussion, Helen
moved to accept the amended version of the 2003 National Council Meeting Minutes.
seconded the amount of hard work involved with reviewing and choosing the awardees.She
also suggested that the chairs of each of the Felllowships notify the awardees by letter and then Helen
will send them their check.
Treasurer: Helen Haller
will be continuing her
All the participating chapters received their funds in a timely manner owing much to Helen Haller's
work as treasurer.Gamma Alpha has been in contact recently with Helen
and appears there is an effort to reorganize.
...The money from the Leichsenring fund was received by the National treasurer, Helen D. Haller.
...Helen D. Haller
presented and led the discussion on the proposed budget for 2004-2005 references the published reports in the National Meeting hand out, on pages 19-25.Helen
discussion with the reports on page 22-23 of the Invested Funds.Her
main question to the council was concerning $37,566 in the Operating Fund - what to do with it and or what other account to move it?Interest from the endowment accounts goes into the Fellowships checking account.The newly receive from the defunct Chi chapter, the Jane Leichsenring Fund
, has "no strings attached", no restrictions, as to its use.The trust accounts listed at the bottom of both pages have larger bank fees because of the larger balances carried.Helen
suggested that the Adele Lewis Grant Endowment fund be incorporated into the Adele Lewis Grant Trust fund.
pointed out the IRS requirement that non-profit organizations must disburse 5% of it earnings.
replied that a trust cannot be completely dissolved.
Robin reminded the group that there was an increase in the Ruth Dickie Fund
in 2001, which Helen
said was probably the completion of the final estate disbursal.
mentioned that, as of June 5, membership dues received were $14,880.
Referring to page 20, Helen
presented the SDE-GWIS Fellowships Budget & Actuals report.She
had requested Merrill Lynch
to transfer money from the Fellowships accounts to the Fellowships money market checking account in preparation to write checks to the 2003-04 Fellowships awardees.Of the $10,000 budgeted for publishing the Bulletins, $1500 comes from the Fellowships account.
Referring to page 24, Helen
discussed the 2004-05 Proposed Operating Budget.Under Operating Income section, the $1000 given to the National meeting host chapter was discussed.
Referring to page 25 SDE-GWIS Proposed Fellowships Budget 2004-2005, Helen
said that she
will be asking the Hartley Corporation
for $2000-2500 at their meeting on June 21, 2004.
For 2004-05, Helen
proposed spending of $30,000 in fellowships and associated expenses.
stated that GWIS
needs to be giving $30,100 (5% of earnings).
Personal note (D. Tulipani): I want to acknowledge on the record the huge effort Helen
has put in to understand and explain the various budgets and accounts.It was a major undertaking and I, for one, certainly appreciate all the time she
has spent on this, making it more comprehendible.
stated that we need to be clear about what the initial grant is for.