RE: Motion to Transfer Restricted Funds to AIS F oundation

[Jill Bonino <aistreas@earthlink.net>]

Hi Janet,

Lynn will just forward these checks to Gary White, c/o The AIS Foundation.  He will endorse the checks for the Foundation and everything should be fine.  Jill


-----Original Message-----
>From: Janet Smith <ypauls@sti.net>
>Sent: Nov 15, 2011 10:35 AM
>To: aisdiscuss@aisboard.org
>Subject: RE: [AISdiscuss] Motion to Transfer Restricted Funds to AIS F  oundation
>
>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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