Financial Update & Leadership Transition: Memorial Fund Minutes Released

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Minutes from Memorial General Meeting & Investment Review on February 12th, 2025 8:00 PM

Kate Rauscher, Charlie Lange, Dave Lukridge, Mike Jacobs, and Barry Grahn in attendance.

Discussion on the Stifel/Bonnett Group Financial Presentation held at 7:00  by Ed Ellis. Presentation provided to Memorial Fund members, and available upon request.

  1. Board thanked Kate for her many years of service, dedication, and expertise serving on the Memorial Fund.
  2. Motion by Mike and seconded by Kate to continue the direction that was presented by Ed Ellis. Discussion, and then Approved by Unanimous Vote.
  3. Dave named Memorial Fund Chair.
  4. Board discussed the need/process for a New Trustee.
  5. As specified by our By-Laws, the Memorial Fund can distribute between 1.5% to 4% of Fund assets as of the most recent year end, which as of 12/31/24 $518,040.  
  6. Motion to Adjourn Meeting by Charlie and Seconded by Kate, and Approved by unanimous vote at 8:30.
  7. Next meeting expected late May to early June to approve distributions and scholarships. Dave to make applications available to congregation.