Meeting held virtually via ZOOM videoconferencing.
Always show pre-publish checks.MEMBERS ATTENDING (18): Dick Drumm, Bill Dowd, Jim Leyhane, Roberto Martinez, Kevin Leyhane, Charlie Foote, Debbie Rodriguez, Ray Hannan, Andy Leyhane, Terry Brewer, Geoff Brewer, Murray Forth, Dean Calamaras, Doris Calamaras, Pat Bailey, Peter Brown, Debbie Brown, John Justino.
GUESTS (1): Charles Frink.
MEETING NOTES: President Dick Drumm welcomed members and our guest, Area 8 Assistant District Governor Charles Frink. … Bill Dowd displayed a pair of handwritten thank-you notes from the two families we sponsored in December’s “Adopt-a-Family for the Holidays” effort with Circles of Mercy. … Murray Forth mentioned that we also received thank-you notes from the four local food pantries we helped support over the holidays with financial contributions — (The Anchor, Doors of Hope, CoNSERNS-U, Food for Families) …
Murray also reminded members he still has Hoffman Car Wash tickets for sale as a club fundraiser. This is a good time of year to regularly wash road salt from your cars. … Bill noted that he posted the timeline and shopping list on our website today for the annual “Easter Basket for Cate’s Kids” project in conjunction with Circles of Mercy. Shannon Romanowski is our coordinator this year. … It also was noted that members should regularly check the website calendar page for information and links to local and district activities. …
Terry Brewer led a discussion on the pros and cons of applying for 501(c)3 IRS status (the club currently is recognized as a 501(c)4 organization) and of creating a foundation as an adjunct to the club. Members had been sent copies of an analysis by Terry served as background for the discussion. Our guest, Charles Frink, currently is president of the Albany Rotary Foundation, which is more than 25 years old. He described its operation and its revenue streams primarily coming from fundraisers, member donations, and bequests. He advised having a “reasonable level” of money as the target for a foundation startup, clear investment guidelines, and a simple money in/money out operation.
Terry opined that $25,000 might be a good target level and asked that the topic be placed on the discussion agenda for the next SRC Board meeting, to be scheduled.
NEXT MEETING: 7 p.m. Thursday, January 28, via ZOOM. All meeting links now may be found in advance on the club website calendar page. We no longer will be sending out link announcements via email.