MINUTES OF THE NORTHWEST STATE COMMUNITY COLLEGE FOUNDATION BOARD OF DIRECTORS MEETING April 25, :30 a.m. Room H104

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1 MINUTES OF THE NORTHWEST STATE COMMUNITY COLLEGE FOUNDATION BOARD OF DIRECTORS MEETING April 25, :30 a.m. Room H104 PRESENT: P. Beck, D. Bernath, P. Ennen, L. Escobar, A. Freels, G. Keys, M. Klopfenstein, I. Lee, D. Meekison, D. Miller, R. Miller, T. Myers, S. Plassman, J. Rickenberg, B. Roth, S. Santiago, K. Soards, F. Strobel, P. Vandenbusche, N. Weaks, R. Wilcox, and B. Winzeler. ******************************** A meeting of the Northwest State Community College Foundation Board of Directors was held on Thursday, April 25, 2013 at 7:30 a.m. in Room H104. Foundation Chair, Peter Beck, called the meeting to order and welcomed those in attendance. Mr. Beck further affirmed Mr. Adam Freels as a new member of the Foundation Board of Directors. Mr. Gary Keys moved to approve the minutes of the January 24, 2013 meeting with the addition of the word annualized to the Finance Committee report. The last bullet point will now read Since inception the fund has had an annualized 8.83 Time Weighted Return. The motion was seconded by Mr. Todd Myers. Treasurer s Report K. Soards year-to-date donations and pledges total $242, compared to the previous year total of $178, Board Education Segment Director of Admissions, Dennis Giacomino, was present to explain: PSEO (Post-secondary Enrollment Option) Dual Enrollment (Project Jump Start) SOAR The PSEO program is an early admit program which was created to enable high school students in grades nine through twelve to earn college and high school graduation credit through the successful completion of colleges course. It is tuition free and the students physically attend classes at Northwest State. 1

2 A Dual Enrollment program also enables a student to earn both high school and college credit during high school as a result of participating in a college course offered at the high school, face-to-face with high school teachers, or Northwest State faculty, or on-line. The students remain at the high school for their classes. Project Jump Start is the name of NSCC s dual enrollment program. Dennis and Jason Rickenberg, have been working with the Jump Start program. They have visited thirty (30) schools districts and have twenty-five (25) signed Memorandums of Understanding and we have received 400+ student applications for the program. Features, advantages and benefits of this program include: Orientation for new students delivered at the high schools Free textbooks delivered to the high schools Up to a $500 scholarship if a student matriculates to NSCC SOAR (Student Orientation Advising Registration) is a comprehensive one-day, five-hour session which includes general information sessions and hands-on activities which will enhance students success in college. The program provides a time to meet with an advisor and to register for classes. The goal of this program is to help students succeed in college. Finance Committee Mark Klopfenstein The finance committee met on January 17, 2013 to discuss the current mix of investments. The decision was made to increase the equity allocation from 45% to 50% There was an investment gain of $195, for the first quarter of % annual rate of return. The ending value of the investment as of 3/31/13 is $5,062, At the March 4 meeting, the committee discussed a number of resolutions which are being recommended to the Board today. $253,400 was awarded in student scholarships for the academic year. Nominating/Membership Committee Committee met on March 4, 2013 to approve the membership of Adam Freels. They are continuing to work on other possible members on the Foundation, as well as the placement of members on the various committees. Also discussed the possibility of providing a token of appreciation for those members coming off the Board. Fundraising/Friendraising Committee Dennis Miller Below are totals for donations to date: Changing Lives $3,649, ($667,666 without Fackler donation) Allied Health Campaign $ 314, Update 2

3 Over $33,000 has been collected in sponsorships for the Green Carpet Event. The goal this year is to raise $50,000. The committee is working to set annual goals for scholarships and to support other activities at the college. Working to set a date for a dedication ceremony and the official naming of the nursing lab resulting from the donation from Parkview Hospitals, as well as for all donors to that facility. There are still naming opportunities for four patient care units in the nursing lab. Public Relations Committee Louis Escobar The 2011 annual report has received a gold award through NCMPR. Beginning to look toward this year s annual report which will centered on opportunity. Ideas or stories for the annual report should be shared with Robbin or Amanda. Planned Giving Committee The committee is working on a gift acceptance policy. Mr. Winzeler again encouraged each Board member to bring community members from their sphere of influence to the campus for a tour. Would also be willing to sponsor tours for service clubs. Approved Resolutions SCHOLARSHIP DOLLARS AWARDED FOR THE ACADEMIC YEAR Mrs. Vandenbusche moved and Mr. Escobar seconded the following motion: WHEREAS, the Foundation has developed an Investment Policy and the distribution policy within requires that any distribution rate that exceeds 5% requires approval of the Foundation Board of Directors; and recommend the approval for distribution of funds for awarding scholarships for the 2013/2014 academic year NOW, THEREFORE BE IT RESOLVED, that the following scholarship dollars to be awarded during Fall 2013 and Spring 2014 be approved. Northwest Ohio APICS Scholarship $ 250 Arrow Tru-Line Presidents Scholarship 8,000 William L. Beck Scholarship 1,000 Enfinity BNB Napoleon Solar LLC Scholarship 1,000 Judy Brubaker Early Childhood Development Scholarship 1,000 Ruth Camp & Joann Ohman LPN Nursing Scholarship 1,000 Changing Lives Scholarship 45,000 CK Technologies Scholarship 4,000 Clapp Family Scholarship 500 3

4 County North Scholarship 2,000 Max F. Covert Scholarship 750 Jean Cox Nursing Scholarship 1,500 The Defiance Rotary Club Foundation Scholarship 1,000 Carol L. Engel Scholarship 7,500 Francis O. Fackler Scholarship 148,000 Fulton County Processing Scholarship 4,000 Hispanic Scholarship 250 Hope Scholarship 2,000 George Isaac Business Scholarship 1,500 Lois Koch Nursing Scholarship 250 Maumee Valley Vending Company Scholarship 3,750 Philip McCartney Scholarship 250 McDougle ADN Nursing Scholarship 1,500 The Northwest State Alumni Association Legacy Scholarship 900 NSCCEA Horizon Scholarship 250 Allan Ohlrich Scholarship 1,000 Phi Theta Kappa International Honor Society Scholarship 250 David R. Rand Memorial Scholarship 500 Marie Richey CPS Memorial Scholarship 5,500 Ricky Roell Nursing Scholarship 1,000 SAR Book Scholarship 150 STEM Scholarship 1,000 Jack & Vivian Taylor Scholarship 2,000 Toledo Edison Scholarship 2,500 VanWert Program Lois Koch Scholarship 1,600 The Williams County 40 & 8 Nursing Scholarship 750 TRANSFER Of FUNDS TO COLLEGE S GENERAL OPERATING FUND Mr. Dennis Miller moved and Mr. Klopfenstein seconded the following motion: WHEREAS, annual fund and various other donations received by the Foundation are presented for transfer to the College to cover expenditures as per their designation and to inform the Foundation Board of Directors; and recommend their approval NOW, THEREFORE BE IT RESOLVED, that the donations received by the Foundation for Fiscal Year be approved for transfer to the College s general operating fund. Allied Health & Public Services Building $ 55,000 Flagpole 6,000 Technologies Mobile Unit 6,500 4

5 Technologies Nursing 12,500 Technologies Plastic 500 BE IT FURTHER RESOLVED, that the donation received by the Foundation for Fiscal Year be approved for transfer to the College s general operating fund. Monument Sign $ 21,000 FUNDS DESIGNATED FOR PRESIDENTIAL SCHOLARSHIPS Mr. Meekison moved and Mr. Bernath seconded the following motion: WHEREAS, the Ratner Endowment and the Miller/Stamm Endowment proceeds were established as undesignated scholarship funds; and recommend NOW, THEREFORE BE IT RESOLVED, that the undesignated scholarship fund proceeds of the Ratner Endowment and the Miller/Stamm Endowments, be designated to the Presidential Scholarship Fund. FUNDS ROLLED INTO PRESIDENTIAL ENDOWMENT Mr. Myers moved and Mr. Lee seconded the following motion: WHEREAS, there are a number of endowment funds that have been dormant for more than three years and have not reached $10,000; and recommend NOW, THEREFORE BE IT RESOLVED, that any endowment funds that have been dormant for more than three years and have not reached $10,000 will be automatically, 5

6 at fiscal year end, rolled into the Presidential Endowment or any successor fund designated by the Foundation Board of Directors. MEETING DATES ESTABLISHED FOR Mr. Meekison moved and Mr. Roth seconded the following motion: WHEREAS, the time and place for the Northwest State Community College Foundation Board of Directors meetings must be designated for July 2013 through April 2014 NOW, THEREFORE BE IT RESOLVED that the Northwest State Community College be the designated permanent place of business and that the General Board meetings be established for the period July 2013 through April The dates of these General Board meetings shall be: July 25, 2013; October 24, 2013; January 23, 2014; and April 24, The meetings will begin at 7:30 a.m. With no further business to be brought before the Board of Directors the meeting adjourned at 8:45 a.m. Respectfully submitted, Lynda Cramer Recording Secretary 6