Re: Addison to motion re transfer of funds to AIS Foundation

[Jody Nolin <jody.nolin@gmail.com>]

This sounds like a great idea.
How will this affect the process of creating the library?
Will this put the responsibility for acting on the creation of a
library on the Foundation alone?
Will AIS be acting in an advisory capacity on this issue?


On Tue, Nov 15, 2011 at 4:34 PM, Michelle Snyder
<AISSecretary@irises.org> wrote:
> 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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