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Livable Community Policy Board recommends transferring small endowment to Iowa City Senior Center fund
Summary
The Livable Community Policy Board asked the supervisors to transfer roughly $3,600 from the Livable Community for Successful Aging Endowment Fund to the Friends of the Iowa City Senior Center Endowment Fund at the Community Foundation of Johnson County, because the latter is active and already generating distributions.
The Board of Supervisors discussed a recommendation from the Johnson County Livable Community Policy Board to close the Livable Community for Successful Aging Endowment and transfer its balance to the Friends of the Iowa City Senior Center Endowment Fund held at the Community Foundation of Johnson County. Lynette (staff member) told supervisors that the Livable Community endowment has a balance of about $3,600 and does not meet the Community Foundation’s $10,000 threshold to…
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