Minutes of the
Tioga Public School Endowment Fund
The Annual Meeting of the Tioga Public School Endowment Fund was
called to order by David Rust at 7:00 PM in the THS Library. The following
were in attendance: Brian Hove, Susan Hornstein-Bratlien, Sally Iverson,
Roger Blestrud, Brian Longie, Lorena Lambrecht, and David Rust.
Rust went through the Tioga School Board’s “Resolution Establishing the
Tioga Public School Endowment Fund” and the “By-Laws;” those in
attendance were given a copy of both. He stated, “That will be the School
Board’s only involvement in the Endowment Fund.” He also told those
present that he wasn’t an authority on endowment funds and that, to some
extent, this was going to be a “learn as we go” process.
There was discussion with regard to selecting the five members to the
Board of Directors and staggering their terms of office.
Moved by Iverson and seconded by Longie to approve the following
members to the Board of Directors with the specified length of term of
office; motion carried:
Lorena Lambrecht (1 year)
Sally Iverson (2 years)
Susan Hornstein-Bratlien (2 years)
Brian Hove (3 years)
David Rust (3 years)
The following items were discussed without action:
1) Limiting the terms of office for Board of Directors members.
2) Limiting the number of Tioga School Board members on the
Endowment Fund’s Board of Directors to no more than one.
3) Placing restrictions on the awarding of funds; example—Funds should
not be awarded for purposes normally paid out of the Tioga Public
School District’s General Fund.
4) Publishing a newsletter, probably around Thanksgiving time.
5) Placing information, minutes, events, etc. on the THS web site with a
link for the Endowment Fund.
6) Publishing minutes of the Endowment Fund in the local newspaper.
7) Starting a mailing (contact) list.
8) Not limiting members of the Board of Directors to the Tioga area only--
can be any alumni living anywhere.
There being no further business, the meeting was adjourned.
Note: The Board of Directors met immediately after the annual meeting.
David S. Rust