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Board accepts roughly $80,000 John C. Miller Memorial donation for athletics fund
Summary
The board voted to accept a stock donation from the John C. Miller Memorial valued at about $80,000 and discussed placing the gift into an athletics endowment (fund 21) with finance committee oversight before spending larger sums.
The Berlin Area School District board accepted a donation from the John C. Miller Memorial, described in the meeting as stock valued at roughly $80,000 depending on sale price.
Administration said the family that manages the endowment is proposing to donate shares similar to a previous gift that helped cover a pool upgrade and gym-floor resurfacing. The board discussed options: hold the shares as part of an athletics endowment (fund 21), sell and place proceeds in a conservative investment, or spend on a larger athletic capital need rather than small, annual purchases. Board members recommended referring final spending policy and any stipulations to the finance committee for review; administrators said they would return to the board for approval before tapping into funds for expenses above the district policy threshold (noted informally as $20,000–$25,000 depending on policy).
A motion to accept the donation was made, seconded and approved by voice vote. The administration said there is no liability to accept the donation and pledged to bring proposed spending plans to the finance committee before authorization for major expenditures.
