Re: Motion to Transfer Restricted Funds to AIS F oundation

[John Jones <jijones@usjoneses.com>]

I second the motion below

John
On Nov 15, 2011, at 10:15 AM, Jill Bonino wrote:

> 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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_____________________________ 
John Jones
Director, American Iris Society
Chair, Electronic Services Committee


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