The meeting was originally scheduled to take place in Saint Louis, MO, and was shifted due to the COVID-19 global health emergency. Read the Minutes in Seconds for a quick summary of the meeting.
- Reviewed actions, policies and contingencies related to Foundation operations during the COVID-19 health emergency.
- Created the Architect Level as an additional lifetime giving recognition level for total donations of $1,000 - $4,999.
- Established a Stewardship Committee to conduct additional stewardship and recognition activities.
- Approved recording the Scholarship Payable as $10,000 on the Balance Sheet and add a footnote that records the total outstanding scholarship dollars as a long-term liability.
- Elected Shawn Gregory as a Trustee, effective at the start of the 2020 Annual Meeting (September).
- Received an investment report from Aaron Berger, Vice President & Wealth Management Advisor at Merill Lynch.
Actions taken via conference call since the Annual Meeting on August 13 in Atlanta:
- Amended Policy I.J.7. to move the submission date for scholarship applications from June 15 to June 1.
- Allocated the Bater Estate Gift ($75,071.74) to the Beta Nu (University of Pennsylvania) Chapter Leadership Fund.
- Adopted a required resolution to register the Foundation in the states of Minnesota and Washington in order to solicit charitable gifts.
- Accepted the 2018-19 Audit of the Delta Sigma Pi Leadership Foundation, as prepared by Stephenson and Warner, Inc.
- Designated the $25,000 gift from the Enterprise Holdings Foundation to the Presidents' Academy Fund to support the next three Presidents' Academies.