C.A.R. Scholarship Foundation Trustees/C.A.R. Education Foundation

C.A.R. Scholarship Foundation Trustees
Hyatt Regency Hotel
Long Beach, California
October 20, 2006Presiding: Chair Emily Link
Vice Chairs Thomas Berge and Cathlyne Scharetg

CALL TO ORDER

The meeting was called to order by Chair Emily Link at 8:04 a.m.

ATTENDANCE

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

Guest Present:
Maxine Jennings, 2006 Committee Liaison

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

It was Moved, Seconded, and CARRIED to approve the minutes of the June 9, 2006 meeting.

FINANCIAL REVIEW

The Trustees reviewed and accepted financial statements showing the following:Total Fund Balance as of September 30, 2006………….……………....$1,096,676
Interest Available for Scholarship Awards………………….…………..........$23,142

SCHOLARSHIP AWARDS GRANTED

It was Moved, Seconded and CARRIED to grant the following Scholarship Awards:1.    Anthony Andrade
       USC
       $4000
       Vance Otis Memorial Scholarship2.    Jenica Horn
       CSU Sacramento
       $4000
       Aurelia Gebert Memorial Scholarship3.    Justin McCormick
       CSU Chico
       $4000
       Mark Consalvo Memorial Scholarship4.    Norma Soto
       LA Community College
       $2000
       Pacific West/Alice Hollingshead/Barbara Moss Scholarship
 
APPLICATIONS NOT SELECTED FOR AWARDS

The following students were not selected for Scholarship Awards:

Pamela Carlton
Brittany Griffin
Erin Holmes
Carmen Liwanag

C.A.R. EDUCATION FOUNDATION

A Subcommittee has been formed to create a budget proposal to present to the Strategic Planning and Finance Committee in June.  Subcommittee Members are:  Diane Harrison, Marjorie Svec, Cathlyne Scharetg, Mary Jane Cambria, and Tom Berge.

PRIZES AWARDED AT THE C.A.R.EDUCATION FOUNDATION BOOTH

1.   Gift Basket/7 nights at Club De Soleil in Las Vegas contributed by Region 2 -- Winner:  Cherrel Kirkland
2.   Fox Fur Coat contributed by Marie Whitacre of Region 2 -- Winner: Judy Armiso
3.  Halloween Basket with 18k gold earrings contributed by Margaret Svec of Region 2 -- Wendy Furth
4.   $200 Gift Card Basket contributed by Region 10 -- Winner: Tim Ansst
5.   Gift Basket contributed by Region 11 -- Winner:  F. Mewhoster
6.   Romantic Package/7 nights at Plaza Resort in Palm Springs contributed by Region 12 -- Winner:  Mindy Hart
7.   $100 Nordstroms Gift Card contributed by Region 13 -- Winner:  Joyce Gruwell
8.   $100 Visa Gift Card contributed by Joyce Kristenssen of Region 13 -- Winner:  Dede Aonsdo
9.   Pasta Basket contributed by Region 15 -- Winner:  Candida Girard
10.   Gift Basket contributed by Region 16 -- Winner:  Susan Marshall
11. Dinner/Movie Gift Basket contributed by Region 16 -- Winner: Matt Giacalone
12. Wine Basket contributed by Region 18 -- Winner:  Maureen Moyer
13. $200 Nordstroms Gift Card contributed by Region 21 -- Winner:  Betty Taisch
14. Fall Gift Basket contributed by Region 22 -- Winner:  Barbara Dulton
15. $275 Gift Card Basket contributed by Region 24 -- Winner:  Linda Worlin
16. Large Gift Basket contributed by Region 24 -- Winner:  Dennis Mason
17.   Golf Gift Basket contributed by Region 24 -- Winner:  Dee Dee Hubbard
18. Gift Basket contributed by Region 27 -- Winner:  Barbara Dulton
19. Fine Wine GiftBasket contributed by Region 30 -- Winner:  Monica Smith
20. $100 American Express Gift Card contributed by Region 32 -- Winner:  Wendy Furth
21. Garden Gift Basket contributed by Jennifer Svec, C.A.R. Staff -- Winner:  JeanHall

HUGH WEISS SCHOLARSHIP

An email from Jim Link, Executive Vice President of the Southland Regional Association of REALTORS® requested that the C.A.R. Scholarship Foundation Trustees transfer the C.A.R. Scholarship fund of $1,160 from the Hugh Weiss Scholarship Fund to the Joe Carnahan Honorary Scholarship Fund.It was Moved, Seconded, and CARRIED to transfer the Hugh Weiss Scholarship Fund in the amount of $1,160 to the Joe Carnahan Honorary Scholarship Fund.

ADJOURNMENT

There being no further business, the meeting was adjourned at 11:30 a.m