President Joe Coffey called the meeting to order. Board members and guest were introduced.

1. Joe Coffey reviewed the Meeting Agenda and requested that the discussion on Appreciation Clubs be moved to item three.

2. The minutes from the August 8th Foundation Governing Board meeting was presented for approval.

   Motion: John Schnittker moved to approve the minutes. Paul Christ seconded. Approved.

3. The discussion on Appreciation Clubs began reviewing potential clubs and support. Geographical guidelines were taken into consideration as well as possible organizers. Laurian Unnevehr will research the interest of a possible joint club and will present her results at the December Board Meeting.

4. Paul Christ represented the Finance Committee and presented the September 30th financial status. The board was informed that the Foundation now has on-line access to the Vanguard Group to help monitor funds. The initial calculation of the 6% spending rate for 2000 was discussed. Discussion followed on the possibilities of outside sponsorships for programming.

5. The Foundation Fundraiser for the 1999 AAEA Annual Meeting was discussed. The board agreed to pursue fundraiser possibilities for the 2000 AAEA Annual Meeting. Board members were encouraged to work toward additional funding by year-end to meet the matching dollar goal. Walt Armbruster will be contacted concerning the Buse club.

6. Laurian Unnevehr presented the Program Committee report. The new schedule for the fall board meeting has moved acceptance notifications for proposals two weeks later into the year. The board requested the AAEA office email the proposal submitters’ of the change in selection times. A report on available funds for the programs will be sent to the Program Committee in early to mid-November for program allocations.

7. Donna Dunn presented the board with a brief review of the Investment Guidelines from the November 1998 Foundation Board Meeting. The financial guidelines were established in November but had not been voted on.

   Motion: Paul Christ moved to approve the investment guidelines submitted from the November 1998 Chicago Board Meeting. Seconded by Gary Seevers.

   Discussion followed. The motion was approved.

8. The agenda for the December Board Meeting was discussed. The following items will be included on the agenda: the implementation of the Program Committee allocations, reports on the Appreciation Clubs including Laurian’s on joint clubs, a board restructuring report from Gary Seevers, and a report from Stan Johnson on outside support prospects for programs.

9. The December Foundation Board Meeting is scheduled for December 6th and 7th in San Francisco.

The Foundation Board Conference call was adjourned at 4:30 p.m., October 29, 1999.

Respectfully submitted,
Donna French Dunn
Executive Director