Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Philanthropy topic
No spam. Unsubscribe anytime.
Board accepts roughly $1 million gift from Gerald D. Walt Trust for high school and Stillson Elementary
Summary
The board voted to accept a planned distribution from the Gerald D. Walt Trust totaling approximately $1 million to benefit Chippewa Falls Senior High School and Stillson Elementary; administration said funds are expected in June and will be placed in a fund for long‑term use.
The Chippewa Falls Area Unified School District board voted to accept a substantial charitable distribution from the Gerald D. Walt Trust that administration said will benefit Chippewa Falls Senior High School and Stillson Elementary School.
Business manager Chad Trowbridge described discussions with the trust's representative and said the district expects a distribution beginning in June. He said he consulted auditors to confirm the proper accounting treatment and that staff intend to place the funds in an account that preserves principal and does not jeopardize the district's general fund. Trowbridge said the trust named the high school and Stillson Elementary as beneficiaries and that there were no specific operational restrictions attached in the trust communication; the gift language indicated use "as we see fit" for each site.
Board members expressed appreciation and asked about donor family outreach; administration said they are working with the trust's attorneys to identify appropriate contacts for thanks and recognition. The board voted to accept the donation and thanked Mr. Walt (deceased) and his family for the generous gift.
