Alma del Mar
Minutes
Alma del Mar Foundation
Date and Time
Monday April 25, 2022 at 12:00 PM
Christine Fisher is inviting you to a scheduled Zoom meeting. Join Zoom Meeting https://us02web.zoom.us/j/84175828771?pwd=eG5BUkVTUjJNcFg5T2xpczVNWG00dz09 Meeting ID: 841 7582 8771 Passcode: 073375 One tap mobile +16468769923,,84175828771#,,,,*073375# US (New York) +13017158592,,84175828771#,,,,*073375# US (Washington DC) Dial by your location +1 646 876 9923 US (New York) +1 301 715 8592 US (Washington DC) +1 312 626 6799 US (Chicago) +1 346 248 7799 US (Houston) +1 408 638 0968 US (San Jose) +1 669 900 6833 US (San Jose) +1 253 215 8782 US (Tacoma) Meeting ID: 841 7582 8771 Passcode: 073375 Find your local number: https://us02web.zoom.us/u/kdi5IVZMP7
Committee Members Present
J. Baptist (remote), P. Ditchfield (remote), R. Cabral (remote), W. Gardner (remote)
Committee Members Absent
D. Prentiss, E. Haddad, M. Kay
Guests Present
C. Fisher (remote)
I. Opening Items
A.
Record Attendance
B.
Call the Meeting to Order
C.
Approve Minutes
II. Alma del Mar Foundation
A.
FY22 Q3 Financials
B.
Q3 Cash Transfers
III. Other Business
A.
Douglass Campus Update
E.Haddad will provide a report on the Douglass Campus Update via email.
B.
Investing Cash
Discussions with Boston Private have been put on hold until there is a better understanding of cash surplus from construction project and capital outlay plans.
Reviewed financials noting that final requisition for construction will be received at end of April. At that time, CIP will be recorded as building and other fixed assets. Annual Appeal donations have far exceeded goal. Some proceeds from this year's appeal may be used to support the Alumni Scholarship Fund. W.Gardner is going to connect with Development and report back on amount planned to award this year.
P.Ditchfield inquired about the FY23 Foundation Budget. C.Fisher will prepare and present it at the 6/17 meeting.