Board Meeting

  • Bylaws have been thoroughly reviewed and turned over to Rachel Maver’s firm.  Reviewed pro bono
    • One section needed clarification and is under review
    • Once this comes back will present to the club
    • If these aren’t ready for December elections, we will revert to current bylaws
  • No report today
  • Terri moved to close board meeting, Jeff seconded; motion passed

 

Corley Meeting

  • Joe Kraft presented Corley Foundation guidelines and reminded us that
  • Sept 2024 balance was $367,298.76
    • 1 year performance is 26%
  • Investment committee
    • Move 2.5% to real estate  from US equities
    • Move 7.5% to bonds & money market from US equities
    • Motion by Jeff  and second by Andrew; motion passed
  • Andrew reminded the club of the 2 budgets
    • The club budget that runs with Rotary year
    • Corley budget for donations and is calendar year
    • Getting ready to prepare the budget
      • Some line items in Corley budget to specific organizations we choose to support annually
      • Also line item for undesignated funds for club member donation requests
      • The dividends, interest and capital gains distribution from prior years Corley is to be given away in the budget
  • Andrew suggested making sizable donation to Lake Erie Nature and Science Center since we will have large sum from Corley for next year’s budget
    • Are there any other significant projects in the area we would like to support?
  • Patty asked about any initiatives for club donations to hurricane disaster relief
    • Andrew suggested we might want to consider a line item in the budget for disaster relief since we do have a shelter box line item which goes for international disasters

 

Regular Club Business

  • Introduction of new potential member - Mike Lamb
    • Retired police officer, lives in Westlake, currently works security for private organization on East side
  • Purple donuts at Westlake library - successful event, lot of good conversations
    • We received 6 leads
    • Received potential speaker - Threshold Choir
  • Diapers will be dropped off to Providence House on Thursday 10/31.  You can still make a donation today if you want.
  • Typically board meeting/club assembly is 4th meeting of the month
  • Epiphany project
    • Box parties, cafeteria at St Pauls Dec 26, 27, 28 from 9am - 3pm
    • Look for sign up on club runner
    • Have secured most of the items already
    • Working with Tim on securing boxes - plan to fit everything in boxes and not need garbage bags
    • Kevin has client with a lot of early reader books in Spanish
    • Line item in budget of $5000 for our club to contribute annually for this project
  • Should soon have our family to shop for at Christmas for Westlake; will need to schedule wrapping party

Meeting adjourned at 8:27