Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Monticello Educational & Scholarship Foundation reports $162,150 awarded in FY24; $2.6 million endowment moved to community foundation
Summary
Dr. Jim Johnson told the board the foundation distributed $162,150 in 78 scholarships in fiscal year 2024, moved endowment assets to Central Minnesota Community Foundation to improve investment returns, and requested volunteer readers for April scholarship evaluations.
Dr. Jim Johnson, representing the Monticello Educational & Scholarship Foundation, reported to the board that the foundation awarded $162,150 in scholarships across 78 awards during fiscal year 2024 and that the foundation's assets are now managed by the Central Minnesota Community Foundation.
Johnson said the move followed auditor recommendations and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
