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Board confirms activities director hire; approves scholarship endowment structure
Summary
The board approved hiring an activities director (candidate from Sauk Rapids-Rice School District) and agreed to a community-giving 501(c)(3) repository account to manage a family-initiated scholarship endowment; payouts may be delayed until investments generate income.
The board moved to approve two personnel and philanthropic items: the hiring of a new activities director and the establishment of a community-managed scholarship endowment.
A staff member said the district advertised for the activities-director position after the previous director left and interviewed a broad panel. The staff member said the district offered the position to a candidate identified as Mr. Beggars, who currently serves as an activities coordinator and summer recreation coordinator in the Sauk Rapids'Rice School District; the candidate accepted the offer. The board voted to approve the hire.
Separately, the board discussed creating a repository account managed by a local community-giving 501(c)(3) to administer family-initiated scholarships with fiduciary oversight. Staff described the account as an endowment intended to generate a perpetual scholarship amount; because of investment timing, a newly established endowment may not make an award immediately while funds earn interest.
A board member asked whether future donations could be accepted into the Title 1 501(c)(3) vehicle; staff said they would gather more details and follow up. The board approved establishing the structure and asked staff to return with implementation details.
The motions for these items were presented as part of the consent agenda and passed; the scholarship motion was recorded in the transcript as "Motion was made by Nathan, and seconded by Stephanie," and the board voiced approval.
