RE: Motion to Transfer Restricted Funds to AIS F oundation

["Janet Smith" <ypauls@sti.net>]

Not knowing this I sent 2 checks to Lynn Williams recently for
donations with just AIS on the check.  If that is a problem for the
foundation I can create new checks.  If permission is needed to add
the word "foundation" to the checks I have written - I hereby give
that permission.  I have not heard from Lynn if the checks have been
received.  I don't even know if she has been receiving my e-mails to
date.

Janet Smith

---- Original Message ----
From: aistreas@earthlink.net
To: aisdiscuss@aisboard.org
Subject: [AISdiscuss] Motion to Transfer Restricted Funds to AIS F
oundation
Date: Tue, 15 Nov 2011 10:15:29 -0800 (GMT-08:00)

>Hi All,
>At the Canada and Atlanta Board Meetings the Board discussed changing
>the way the AIS receives donations.  This issue came up because the
>AIS Foundation needs more donations to maintain its public foundation
>tax status.  
>
>In addition there has been much confusion over the years as to which
>donations should go to the Foundation and which ones should go to the
>AIS.
>
>Below is an article that will run in the January issue of IRISES.  It
>has been approved by Bob Plank, Robert Hollingworth (AIS Foundation),
>Gary White and Judy Keisling.  
>
>A consequence of this change is that the AIS will no longer be
>accepting donations for the AIS Library and for Research & Scientific
>Grants.  All monies for these programs will be received and disbursed
>by the AIS Foundation.  
>
>As of 9-30-11, the AIS has the following funds in the AIS Library and
>Research & Scientific Restricted Funds....
>
>AIS Library..............$1,643.49
>Research & Scientific....$8,362.00
>
>Total...................$10,005.49
>
>
>I make a motion that the AIS transfer $10,005.49 to the AIS
>Foundation to close out the AIS Restricted Funds for the AIS Library
>and for Research & Scientific Grants.
>
>Do I have a second?
>
>Jill
>
>
>
>
>CHANGES TO HOW YOU MAKE YOUR DONATIONS TO THE AIS
>
>There has been much confusion over the years about which donations
>you should send to the AIS and which ones to The AIS Foundation.  
>
>To help solve this problem and to help The AIS Foundation better meet
>their tax reporting requirements for donations, please make all of
>your donation checks out to The AIS Foundation.  
>
>Donations to The AIS Foundation are used for research of the genus
>Iris, administration of scholarships and support of the AIS Library. 
>Iris research includes taxonomy of the genus, as well as disease
>causes and cures.  Over the years, grants have been issued to top
>iris researchers and educational institutions throughout the world.  
>
>Donations to The AIS are used for Youth Programs, including the Clark
>Cosgrove Youth Award, the AIS Library and the AIS General Fund.  The
>AIS has also created a new Restricted Fund to fund  publications, a
>commemorative medal and other materials to celebrate the AISb One
>Hundredth Anniversary in 2020.  In the future, for all donations you
>would like to go to Research and Scholarship, please remit them only
>to The AIS Foundation.  The AIS will no longer be making grants for
>scientific research projects in addition to the Foundation.
>
>The AIS does still need your donations for the Youth Funds and the
>AIS General Fund.  So, when sending in your check, PLEASE SPECIFY in
>writing, either on your check or on a separate piece of paper, the
>AIS fund in which you would like the money credited.  It will be
>reallocated by the AIS Foundation back to the AIS.  
>
>Please send ALL Donations to
>
>The American Iris Society Foundation
>Gary E White Sec/Treasurer
>701 Cheney Road
>Lincoln, NE 68512-1168
>
>
>AIS DONATION FUND CODES:
>
>CCYA = Clark Cosgrove Youth Award Fund
>G = General Fund
>G/I = General Funds Insurance Defraymkent
>GYF = General Youth Fund
>LIB = Library Fund
>100thANNIV = AIS 100th Anniversary Fund 
>
>
>BOTH THE AMERICAN IRIS SOCIETY AND THE AMERICAN IRIS SOCIETY
>FOUNDATION ARE TAX EXEMPT ORGANIZATIONS ACCORDING TO IRS REGULATIONS.
> YOUR DONATIONS TO BOTH ORGANIZATIONS ARE TAX DEDUCTIBLE.
>
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