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Board authorizes treasurer to create Diane Grenier legacy scholarship fund under Norton Commission
Summary
The Board of Finance authorized the treasurer to set up a new permanent fund — the Diane Grenier legacy scholarship — under the Norton Commission and discussed consolidating multiple Norton accounts into a pooled cash account to increase interest earnings.
The Anadrova Board of Finance on July 23 authorized the treasurer to establish a permanent fund to receive a donation designated for the Diane Grenier legacy scholarship, an account that will be held under the Norton Commission’s oversight. The board approved the fund creation unanimously and asked the treasurer and the Norton Commission to consider consolidating existing Norton accounts to earn higher interest.
Louise told the board the initial deposit received so far is a $1,000 donation held at the Hartford Foundation; the gift would be placed in a separate account so the…
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