Due to lack of quorum, the minutes will be reviewed at the next meeting. 

J. Baptist asked about the disciplinary data, which was the same as the last report. 

B. Kurie responded that the data had been updated off timeline so the data is accurate, but had not changed since it had most recently been reported. 

T. DeLoach reports that the Board will receive the next academic update at the April Board meeting. 

T. DeLoach reviewed the Executive Director's Report. 

C. Bator asked about staff retention given the number of hires and number of departures listed on the Board Dashboard.

T. DeLoach gave context to the numbers and stated that there is much more stability at this point in the school year. 

M. Bride reports that the Development Committee has been working on structuring different ways for prospective donors to engage with the Alma community. These efforts are working towards generating strong support for Alma in the future. The committee is also considering new members. 

L. Hicks asked if fundraising was on track for this year.

B. Kurie responded that yes, fundraising is on track. 

J. Baptist asked if the Board is on track to have donations from 100% of Trustees. 

B. Kurie responded that she will connect with Trustees if needed. 

C. Holley described the recent events at SVB and the impact on Alma's funds. 

C. Holley described steps taken to ensure Alma's funds were secure and next steps moving forward. 

C. Bator clarified that the reason Alma's funds were at SVB was because SVB purchased Boston Private Bank. 

L. Hicks asked about where our loans were held, and C. Holley clarified. 

C. Holley reviewed the proposed budget for FY24. The Finance Committee wanted to share this draft with Trustees so that they have time to ask questions and for further discussion before a vote at the April meeting. 

G. Fortes updated the Board that based on the results of the self-assessment, the Board is looking to schedule further trainings for finance and development for the Board. 

G. Fortes stated that Alma is looking for more committee members, specifically with an expertise in HR, Development, and Academics

M. Bride suggested that a good way to have potential new Trustees be exposed to Alma is through participating in a committee meeting. 

G. Fortes thanked Trustees for completing their work. 

G. Fortes is speaking with C. Chambers in the coming weeks to schedule the next DEI training. 

The Board is going to take a look at the day, time, and remote vs. in person nature of Board meetings moving forward.