C.A.R. Scholarship Foundation Trustees

C.A.R. Scholarship Foundation Trustees
Marriott Hotel
Anaheim, California
January 27, 2006Presiding: Chair Emily Link
Vice Chairs Thomas Berge and Cathy Scharetg

CALL TO ORDER
The meeting was called to order by Chair Emily Link at 8:03 a.m.

ATTENDANCE

Trustees Present:
Emily Link, Chair
Thomas Berge, Vice Chair
Cathy Scharetg, Vice Chair
Yin Bihr
Mary Jane Cambria
Mark Consalvo
Jackie Crowley
Diane Harrison
Joyce Kristensson
Alex Manos
Dianne Rath
Margaret SvecTrustees Absent:
Joanna Phillips

Staff Present:
Iqbal Bholat
Shui Yin Cheung
Mary Martinez
 
APPROVAL OF MINUTES

It was Moved, Seconded, and CARRIED to approve the minutes of the September 23, 2006 meeting.

FINANCIAL REVIEW

The Trustees reviewed and accepted financial statements showing the following:Total Fund Balance as of December 31, 2005………….……………....$1,075,192
Interest Available for Scholarship Awards………………….………….........$24,714

SCHOLARSHIP AWARDS GRANTED
It was Moved, Seconded and CARRIED to grant the following Scholarship Awards:1.   Justin Albright
      University of San Diego
      $2000
      The Anewalt Family Scholarship2.   Diane Bellerose
      Santa Rosa Community College
      $1000
      Douglas Urbanick Memorial Scholarship
      Note:  Interview by Trustee Joanna Phillips was given and the award was granted.3.   Donald Birnie
      University of San Diego
      $2000
      Cheryl Betyar Memorial Scholarship4.   Steven Brothers
      CSU Sacramento
      $1000
      Joseph Barnett Honorary Scholarship5.   Nassyr Gemeel
      Grossmont/Cuyamaca
      $1000
      John Cotton Memorial Scholarship6.   Peg Heath
      Santa Rosa Jr. College
      $1000
      Women’s Council of REALTORS® Scholarship7.   FarrellHonda
      Fresno
      $1000
      J.A. Farina Memorial Scholarship8.   Truc Huynh
      CAL State San Bernardino
      $2000
      Bob Fey Honorary Scholarship9.   Julie Joy
      Santa Barbara City
      $1000
     Women’s Council of REALTORS® Scholarship10. Cary Mandel
      University of San Diego
      $1000
      Art Leitch Memorial Scholarship11. Israel Perez
      CSU San Bernardino
      $2000
      Walt McDonald Honorary Scholarship12. Jonathon Quinn
      University of the Pacific
      $1000
      Don Beck Memorial Scholarship13. Victor Vadaurre
      Cuyamaca
      $1000
      Jack Paulson Memorial Scholarship
 
APPLICATIONS NOT SELECTED FOR AWARDS
The following students were not selected for Scholarship Awards:

John Brummel
Verena Sichert

C.A.R. EDUCATION FOUNDATION

Emily Link, Chairreported that C.A.R. staff and Diane Harrison, Trustee will work together to make a recommendation for seed money.  This request for seed money will be presented to the Strategic Planning and Finance Committee in June 2006.
 
C. LARRYHOAG SCHOLARSHIP

A letter from Jeanette Baumann, Executive Vice President of the Downey Association of REALTORS® requested that the Trustees transfer the C.A.R. Scholarship fund of $1200 from the C. Larry Hoag Scholarship to the Donald Wiedmann Memorial Scholarship.It was Moved, Seconded, and CARRIED to transfer the C. Larry Hoag Scholarship Fund in the amount of $1200.00 to the Donald Wiedmann Memorial Scholarship Fund.

ADJOURNMENT

There being no further business, the meeting was adjourned at 12:17 p.m.