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Board hears foundation balances and potential grant talks as treasurer availability is raised
Summary
Board members reviewed small Toney Foundation cash reserves, a larger UCPL Foundation investment balance, and discussed Treasurer Shane O’Hare’s possible resignation and a potential replacement candidate.
President Cathy Griffith told the board that the Toney Foundation has $1,872.98 in the bank but that board members have been in discussions with a prospective donor contact, Jack Bishop, who has asked for additional information and plans to attend the next Toney Foundation meeting. Griffith said those talks could lead to grant funding in the range of roughly $20,000–$50,000 annually if pursued.
Separately, Griffith said Treasurer Shane O'Hare has had difficulty being available to serve and is considering stepping down; she said O'Hare has reached out to Terry Wise, owner of Erwin Outdoor Supply and Uncle Johnny's Hostel, as a possible candidate who "may also be willing to take on the role of Treasurer if approved to join the Board and fill Mr. O'Hare's remaining term." The board did not record a formal appointment.
The Unicoi County Public Library Foundation reported an investment account balance of about $300,000 and $17,045.18 in its bank account; Griffith said foundation volunteers continue behind-the-scenes solicitation of local donors. No formal actions or grants were approved at the meeting; board members said they will continue follow-up with the prospective donor and discuss treasurer availability and appointment at a future meeting.
