Addison to motion re transfer of funds to AIS Foundation

[Michelle Snyder <AISSecretary@irises.org>]

Hello all,

I have received an email from Jill regarding how the donations are to 
work now so am resending the motion out with the additional information.

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."

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 sole support of the AIS Library.  Effective immediately, all donations designated for the AIS Library are to go to The AIS Foundation.  They will no longer be accepted by the AIS.  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.  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.

Donations to The AIS are used for Youth Programs, including the Clark Cosgrove Youth Award, the Insurance Fund 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 AIS' One Hundredth Anniversary in 2020.

The AIS does still need your donations for the Youth Funds, the 100th Anniversary Fund,  and the AIS General Fund.  So, when sending in your check to the Foundation, PLEASE SPECIFY in writing, either on your check or on a separate piece of paper, which 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 Old Cheney Road
Lincoln, NE 68512-1168




DONATION FUND CODES:

The AIS Foundation

LIB = Library Fund
R&S= Research&  Scholarship
GEN=Foundation General Fund

The AIS

CCYA = Clark Cosgrove Youth Award Fund
AISG = AIS General Fund
GYF = General Youth Fund
INS = AIS Insurance Defrayment
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.

Michelle



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