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Ohlone College
Foundation
Annual Board Dinner
Henry
Yin’s Residence
46890
Rancho Higuera Rd,
Fremont,
CA 94539
February
5th, 2007
5:00
pm
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AGENDA
Item Action
- Call to order – Rick Geha
Welcome
- Review of previous
minutes Vote
·
November 16th, 2006
- Executive Director’s
Report – Dr. Josephine Ong-McBride
·
Foundation 2007 Calendar of
Events Review
·
Foundation Organization Chart Review
·
Citizen of the Year Benefit
Luncheon Discuss
·
Audited Financial Report Review
·
2 CD’s Vote
$150,000
– 13 months
$150,000
– 18 months
Next
Board Meeting:
Thursday,
April 12, 2007, 7:30 AM
Fremont
Chamber of Commerce
OHLONE COLLEGE FOUNDATION
Foundation Board Meeting
November 16, 2006
Fremont Chamber of Commerce
Fremont, California
Directors Present
Aboumrad,
Salwa
Danielson,
Patricia
Forde,
Melrose
Pirrone,
Anita
Ryle,
Kim
Sisk,
Shirley
Vincent,
Jan
Willett,
Lou
Directors Absent
Amsbaugh,
Don
Archer,
Dan
Avila,
Harry
Bonior,
Cindy
Boyle,
Valerie
Bradshaw,
Bob
Brunton,
Bob
Douglas,
Robert
Farber,
Nancy
Foster,
Ruthe
Geha,
Rick
Guillen,
Rachel
Haas,
Frank
Huezo,
Alberto
Louie,
Jean
O’Gorman,
Vicki
Peterson,
John
Roberson,
Gloria
Stewart,
Gael
Treadway,
Doug
Valles-Redfearn,
Winnie
Villasana-Fuerniss,
Gloria
Yee,
Garrett
Yin,
Henry
Zutshi,
Jeevan
Staff Present
Ong-McBride,
Josephine
Schultz,
Joanne
Hsu,
Thomas
Singh,
Renee
CALL TO ORDER BY LOU WILLET AT
7:30
Welcome and brief self introductions
Review of previous minutes
September 15 Board Retreat moved
for approval by Melrose Forde, 2nd Anita Pirrone; Approved
Executive Board Meeting October 12
PRESIDENT’S REPORT BY DR. DOUG TREADWAY
Highest enrollment ever
Ongoing painting of campus and landscape changes
International Education Week – we
are celebrating with Shanghai Dancer’s Thurs. and Fri. night performances.
EXECUTIVE DIRECTOR’S REPORT
Golf Tournament very successful
Honoree Gary
Plumer and all past coaches of Ohlone in attendance
Raised $30K
Jon Nakamatsu Concert
Co-sponsored by
the Fremont Symphony
Created a Scholarship Fund in
honor of Jon Nakamatsu
Shanghai Dancers 11/16, reception from
5:00 PM - 7
Vote for Gloria Villasana Fuerniss as
next Citizen of the Year moved by Shirley Sisk, 2nd by Salwa
Aboumrad; Approved
Scholarships are being offered
20 $500
scholarships available, totalling $10K
Deadline for
applications is 12/15/06
Annual Campaign slide presentation
detailed all phases of campaign for 2007.
Goal to raise $20K
and to build our donor base.
Additional comments by Dr. Treadway
regarding scholarship program and Foundation’s relationship to it. We should
increase the base of our recipients of Scholarships. Jan Vincent suggested
involvement of EOPs program. Harry Avila made general comments regarding
diverse communities in tri-city areas and use of advertising to promote Ohlone
events that represent diverse communities.
FINANCE REPORT
Joanne Schultz –
Goal to present as accurate and understandable as possible.
Foundation is in healthy financial
situation
Details of financials addressed.
Need to address purchase of Nakamatasu
CD’s.
Harry Avila suggested we have some
graphs showing positions.
Melrose Forde suggested we look at
an asset matrix.
Dr. Treadway suggested we hold an
Annual Corporate Meeting of Board, Major Donors, Investment Managers, and
selected students etc. to present a full financial picture and recognition of
foundation support 2/8/07. Moved by Melrose Forde, 2nd Pat
Danielson; Approved.
Discussion regarding a formal
annual budget for Foundation.
Ohlone College
Foundation
Executive Committee
Meeting
Ohlone
Foundation Office
January
18, 2006
8:00-9:00
AM
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Minutes
Present:
Don Amsbaugh
Rick Geha
Anita Pirrone
Joanne Schultz
Lou Willet
Gloria Villasana Fuerniss
Staff Present:
Dr. Josephine Ong-McBride
Thomas Hsu
Renee Singh
Previous Board Minutes approval
Lou Moves, Anita Seconds.
Unanimously approved
Executive Director’s Report – presented by Dr.
Josephine Ong-McBride
Vote for approval of the Foundation’s Calendar of Events
- Golf Tournament date for October 8th is
tentative
Anita Moves, Gloria Seconds.
Unanimously approved.
-Thomas Hsu is the new Ohlone College Foundation Executive
Assistant
Vote for approval of Foundation Organization Chart
- Review of Foundation committees
Moved by Gloria, Second by Anita. Unanimously
approved.
Citizen of the Year Benefit Luncheon
- This year honoring Gloria Villasana Fuerniss – Vice
President of Fremont Bank, Vice Chair of the Ohlone College Foundation
Board of Directors former Ohlone College Trustee and Ohlone College
Alumna.
- The theme of the Luncheon is “Back to the Future” –
taking a journey through Ohlone College’s 40 year history.
- Fremont Bank staff will be on the Benefit Luncheon
planning committee.
- Discussion of possible sponsors for the Luncheon.
Next Meeting:
Annual Board Meeting Dinner
Thursday, February 8, 2007
5:00 PM
MINUTES
Finance
Committee Meeting
January 18, 2007
9:00
AM
Present:
Don Amsbaugh
Rick Geha
Anita Pirrone
Joanne Schultz
Bob Turnley of Fremont Bank
Lou Willet
Gloria Villasana Fuerniss
Staff Present:
Dr. Josephine Ong-McBride
Thomas Hsu
Renee Singh
Statement of Financial Position – presented by
Joanne Schultz
Finance report adheres to GASB 35 standards
The Foundation’s total assets have steadily increased for
the past three years
General Fund
Sources of income for unrestricted (general) fund:
- Donations
- Management Fees
- Citizen of the Year
- Interest
We can invest general fund reserve in CDs
- Yearly CD rate is significantly higher than current
interest of 4.55% interest
Report on Fremont Bank Investments - Bob Turnley
Assets have gone up almost 5% since 11/3/06 report
Action Item: Approval of Financial Reports
Gloria moved, Anita Second, Unanimously approved
Action Item: Green Oak Investment Report
Gloria moved, Anita Second, Unanimously approved
Action Item: Fremont Bank Reports
Don Moved, Anita Second
Gloria Abstains
-Invest our cash and stagger investments – buy CDs for the
Foundation. Purchase one 12 and 18 month CDs and invest $150K in each CD.
-Put everything above 200k in higher yield investments
Next Meeting:
Annual Board Meeting Dinner
Thursday, February 8, 2007
5:00 PM
