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Moraine Foundation creates “Historical Celebrations” event fund, reviews 2024 year-end balance
Summary
The Moraine Foundation approved a new event line item to collect donations for the city’s 60th celebration, reviewed the foundation’s year-end balance of $117,628.29 and discussed a small police-run community caretaker fund for immediate resident aid.
The Moraine Foundation at its Sept. 8, 2022 meeting approved creation of a new event line item called “Historical Celebrations” to collect donations for the city’s 60th celebration and similar future events, and heard a report that the foundation’s year-end balance stood at $117,628.29.
Board members discussed why a single, generic event line would help the foundation accept and manage donations for periodic anniversary and heritage events while reducing the number of separate event accounts. The foundation also reviewed a small, separate “community caretaker” fund—established by an anonymous former-employee donation and administered by the police department—for immediate, small-dollar resident needs.
Laura (staff member) presented the foundation’s end-of-year balances and said the total balance in the Moraine Foundation account at year-end was $117,628.29. She told the board she will later return with recommendations about consolidating several “one-and-done”…
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