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