Pledge: Pres. Bill O'Shaughnessy
Prayer: Pres. Bill
Song: Andy Anderson
Brent's Card Game Winner: Paul Moore
Sergeants Report: Pete Zucco
Happy Bucks: Suns out - no snow!, happy for our guests from Killingworth, Marty's wife's birthday, Brent was happy the weather was breaking for St. Patrick's Day, Pres. Bill was happy to have attended the new Haddam-Killingworth Rotary Club meeting which our club sponsored, Paul was happy to be celebrating his 50th wedding anniversary, Paul is also happy to going south to Georgia next week, H-K Rotary just held its 4th meeting - Annie Gill Stirna is the President, Dick Mason, present today is the Vice-President. Dick is happy to say they have their 501C3 tax exempt designation, Peter gave Paul a present for his anniversary: a book called "Kill it and Grill it", a lighter that looks like a pistol and a bottle of wine.
Announcements:
Paul Moore: The matching grant to Heat & Eat helped pay for a new dishwasher which cost $10-12,000. This organization puts out 400 meals/wk. They were able to also purchase a new stove at a greatly reduced price with leftover proceeds.
Bill O'Shaughnessy: Matching grants from district are now exhausted for the year.
Sam: The funeral for Ran King is Feb 28 at 1PM at the Westbrook Cong. Church on the town green.
Dick Mason: Dick, VP for the startup club Haddam- Killingworth (HK) just had their fourth meeting with 15 people in attendance, 10 of whom were members. He thanked us for sponsoring them and said they were off to a good start! We are helping with filing fees and other startup costs. Total help from us was $1,000.
John Donnelly: An exchange student is coming and we need a club exchange officer to help oversee the student, getting him or her to activities, meetings, etc. Bill O'Shaughnessy volunteered. This application is a requirement which includes a background check and homeland security involvement.
Charlie Norz, Chairman of the club foundation board gave a summary of the state of our accounts. For the year 2014 we had a 5.2% increase on investment. We spent $31K which meets our target of 5% of the corpus. Our investment mix is conservative, 60% equity, 26% fixed income and 14% blended. Our total budget is $72K and that's met by the Wine Tasting, Golf Tournament and equity assets drawn from the foundation. Ed Pinn reminded everyone of the large gift from Ron Czepiel that doubled our foundation and enables us to do more. Our scholarships are transitioning to single payments. We still have a couple of the 4 year committed. We have $19,500 in new commitments and $4,500 of the old scholarships remaining.
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