Foundation Board President Joe Coffey presided over the Foundation Board Meeting in the Tampa Marriott Waterside Hotel, Florida Salon I, at 3 p.m., July 30, 2000. Current and new Foundation Board Members were welcomed.

1. The Tampa meeting agenda was reviewed.
   

2. The minutes from the conference call held on March 21, 2000 were reviewed and approved.
   

3. John Schnittker reported on the Foundation Appreciation Clubs. Discussion from previous meetings on the organizing of joint appreciation clubs was investigated. A motion from the 1991 minutes revealed the approval of joint clubs. Suggested future appreciation clubs were presented and the timeliness of pursuing support of the clubs was discussed.
   
   Joyce Cacho will follow-up with 1890 schools for appreciation club candidates. It was suggested that a goal of four appreciation clubs for 2000-2001 be targeted.
   
   Board members agreed on four candidates and possible organizers and supporters. Board members then proceeded with 2001-2002 appreciation club candidates. Foundation board members volunteered to contact potential organizers and supporters of the candidates.
   
   John Schnittker agreed to steer the Foundation Appreciation Clubs selections for the upcoming year.
   

4. Donna Dunn reviewed the 2000 Foundation Budget. Income and expenses were discussed. The Foundation 2000 annual budget was $128,925. The total assets current value is $1,345,000 with $1,212,941 invested with the Vanguard Group.
   

5. A proposal to change the AAEA Foundation Governing Board composition was presented. Its purpose is to increase institutional memory of the Foundation Board. Two changes were suggested the AAEA Executive Board Past-President would serve a two-year term on the Foundation Board and the Foundation Board President would serve an additional year as past-president. This would extend both positions by one additional year. Discussion followed on both positions.

   Motion: Otto Doering moved that the proposal be recommended to the AAEA Executive Board for approval with a final decision by membership vote. Seconded by Ron Knutson.

   Discussion followed regarding the correct presentation procedure to the AAEA Board. Upon board approval the proposal would then be presented to the following year's Annual Meeting, Business Meeting for membership vote.
   
   Interest of the Association President serving an additional year was discussed. It was suggested that the Executive Board President has already served a three-year term and that a fourth year of service to the Foundation Board could be prohibitive.

   Motion: Bob Taylor moved to approve the Foundation President to a two-year term, the second year would be as past-president (to be presented to the AAEA Executive Board.) Seconded by Mary Marchant. Approved (5), opposed (3).
   

6. Joe Coffey introduced the discussion for the Foundation Operating Policies draft. Three areas were brought to the board members attention. The following changes were made to the draft.

• Page 1; fifth paragraph remove the term "classroom."
  
  

• Page 2, -second paragraph, "Linkage of the AAEA Foundation with the AAEA "; add at the beginning of the first sentence, "As a subsidiary of the AAEA, the AAEA Foundation…." Remove the third and fourth sentence, beginning with "Proposal for."

• Page 5, "Operating Fund," remove the clause.

• Page 6, "Gift Uses," remove the third sentence "The Foundation Governing Board has the authority…." (Donna Dunn will consult with AAEA's legal advisor.)

• Page 7, "Appreciation Clubs," Item g, change to read as "The individuals contributing the initial principal ($12,500 or more) for a club charter will be designated as charter members.

• Page 8, seventh paragraph, "Funds needed for administrative expenses will be requested initially from the AAEA". Strike the third sentence, "When the size of the endowment is deemed sufficient..." Add "Operating Policies will define a contribution as cash, charge or signed pledge received at the AAEA office."
  
  Motion: Richard Shumway moved to accept the recommendations of the Operating Policies. Seconded by John Schnittker. Approved.

1. Joe Coffey reported on the Nominating Committee recommendations. The following board members were selected as officers, Laurian Unnevehr as Foundation President, Paul Christ as vice president, finance, and Eduardo Segarra as vice president, programs.

   
   Motion: John Schnittker moved to accept the nomination committee report. Seconded by Bob Taylor. Approved.
   

2. Other business covered reminders to board members to attend the Foundation Breakfast, the foundation booth, and Awards Program.
   
   
3. Richard Shumway expressed his gratitude to the Foundation's support in the Appreciation Club posters, and the attention those individuals deserve.
   
   
4. The next Foundation Board meeting will be January 6 and 7, 2000 in New Orleans along with a joint meeting with the AAEA Executive Board. Conference calls will be scheduled prior to the winter meeting.
   
   
5. Board members expressed their appreciation to the Nominating Committee and the outstanding service of Joe Coffey to the Foundation Board.
   
   
6. No other business coming before the meeting, the Foundation Board Meeting was adjourned at 5:00 p.m., July 30, 2000.
   
   Respectfully submitted,
   Donna French Dunn
   Executive Director