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Foundation reviews finances, sponsorship tiers and donor recognition plans
Summary
The foundation heard a finance update showing roughly $24,000 in unrestricted funds and $106,000 in designated funds, discussed platinum sponsorship tiers, and agreed to improve donor recognition in schools and programs while being mindful of conflicts with school-level fundraising.
At the meeting, Ben Worley, assistant executive director of the foundation, presented a revised financial report that separated restricted scholarship and grant funds from unrestricted balances. Worley said prior accounting presentation had mixed restricted interest income with unrestricted line items, making available funds appear larger than they actually are; after adjustments, he reported about $24,000 available in unrestricted funds and approximately $106,000 in designated (restricted) funds earmarked for student wellness…
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